Lessor Air Lease Corporation (ALC) isn’t ruling out it has to make further material changes to its delivery schedule if current market circumstances continue to be weak for a prolonged time. ALC has reduced its order book since January from…
Etihad reported a $758 million core operating loss for HY1 as it too has been hit hard by the Covid-crisis. Revenues were $1.7 billion, down from 2.7 billion from last year, it said on August 5. Losses were partially offset…
Boeing has further revised its production rates for 2021 and 2022, it reported on July 29 at the presentation of its Q2 and HY1 results. The airframer confirms that first deliveries of the 777-9 (to Emirates) have slipped by a…
Airbus has amended its contracts with France and Spain on loans it has received for launching and developing the A350, the airframer announced on July 24. With these amendments, Airbus claims to have fully complied with the requirements set out…
New York’s Southern District Bankruptcy court will be busy with another Chapter 11 case after Grupo Aeromexico has filed for bankruptcy protection on June 30. It is the third Latin American airline after Avianca and LATAM to seek protection with…
It was hailed at last year’s Paris Airshow as a clean sheet regional aircraft design particularly attractive to the US market, but the future of Mitsubishi’s SpaceJet M100 70-seater is in doubt after Mitsubishi Heavy Industries has suspended development work…