UPDATE – Boeing has taken a pre-tax non-cash charge of $3.460 billion on the 787 program as deliveries remain suspended over quality issues. Abnormal costs for the Dreamliner increased by $285 million in Q4 and total approximately $2.0 billion, with most being...
Despite the COVID-19 pandemic, which has ravaged many economies with Africa among the worst hit, the continent’s air travel could help to create at least 160.000 jobs and $1.5 billion more in economic growth, according to African Airlines Association (AFRAA). The...
The reduced available capacity of Cathay Pacific due to recently implemented travel restrictions and strict crew quarantine measures are expected to impact its cash burn by HK$1.0 to 1.5 billion per month, the airline said on January 24. And that’s just a preliminary...
The parent company of Japanese carrier All Nippon Airways (ANA), ANA Holdings, plans to issue nearly ¥150 billion worth of bonds. Proceeds will be used to support its business structure reform plan announced in October 2020, redeeming maturing bonds, and repayment of...
UPDATE – Boeing expects that rework on the 787 and lower production rates to result in $1.0 billion in abnormal costs. Of this, $183 million has been recorded in the third quarter results, the airframer said on October 27 during the Q3 results presentation. 787...
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