Airways Magazine

 Breaking News

Industry News

    AerCap Announces Rescheduling of Aircraft Deliveries

AerCap Announces Rescheduling of Aircraft Deliveries

MIAMI– AerCap Holdings N.V. a major Boeing and Airbus customer and the world’s largest independent aircraft leasing company, announced today that it has rescheduled the delivery of 37 aircraft that were to be delivered in 2021-2022. These aircraft are now expected to be delivered in 2023 and later years.In addition, So

Read Full Article
    My 747th Article: The Boeing 747 and COVID-19

My 747th Article: The Boeing 747 and COVID-19

LONDON – In the last two years and 10 months that I have been writing for Airways, I have hit the milestone of reaching 747 articles, this one being the article in question. For those that do not know the overall history of the Boeing 747, this article will briefly

Read Full Article
    Boeing CEO David Calhoun Predicts Major Airline Bankruptcy

Boeing CEO David Calhoun Predicts Major Airline Bankruptcy

MIAMI– Curiosity has been set in on the U.S aviation industry as Boeing CEO Dave Calhoun predicts that a major airline bankruptcy will take place this year. In an interview on the TODAY show on NBC, he stated that he didn’t “want to get too predictive on that subject” but

Read Full Article
    Boeing To Dismiss 10% of Its Staff

Boeing To Dismiss 10% of Its Staff

MIAMI – Following its latest loss report, Boeing CEO Dave Calhoun informed employees that 10% in workforce reductions in the form of voluntary and involuntary layoffs, as well as turnovers, will be necessary. The decision comes after the company’s commercial customers have cut demand by 15%. The cut represents around

Read Full Article
    Airbus Braces for Job Cuts Due to COVID-19

Airbus Braces for Job Cuts Due to COVID-19

MIAMI – Airbus CEO, Guillaume Faury warned employees that the company was “bleeding cash at an unprecedented speed”, adding that job cuts would be necessary to survive the crisis. With Airbus’ Q1 financial results report to be announced on Wednesday, Faury added that the survival of Airbus was in a

Read Full Article
    Amid Multiple Rating Downgrades, What Lies Ahead for Boeing in 2020?

Amid Multiple Rating Downgrades, What Lies Ahead for Boeing in 2020?

MIAMI – Amid concerns over the delayed return to service of the 737 MAX model, many analysts came into 2020 questioning the future of Boeing and its shareholders. Some analysts have taken a bearish stance since the beginning of the first quarter, including the analysts at Vertical Research Partners, who

Read Full Article
    Boeing 737 MAX: Chinese Bank Rejigs Orders

Boeing 737 MAX: Chinese Bank Rejigs Orders

MIAMI – China Development Bank Financial Leasing (CDB) announced today several cuts, delaying its Boeing 737 MAX orders according to current aviation market dynamics. Adding up another week of halted operations for Boeing, CDB said in the statement that it reduced the remaining 737 MAX 10 order to the smaller

Read Full Article
    GECAS Aborts 69 Boeing 737 MAX orders

GECAS Aborts 69 Boeing 737 MAX orders

MIAMI – Evaluating its fleet and order book, GECAS has decided to cancel 69 orders of Boeing 737 MAX jets, parking the type in its current fleet due to the drop in its demand. On its part, Boeing already announced that it reached an agreement with GECAS to restructure its

Read Full Article
    Treasury, US Major Airlines Achieve US$25b Bailout Agreement

Treasury, US Major Airlines Achieve US$25b Bailout Agreement

MIAMI– After the US aviation industry’s proposed bailout package, today ten major airlines agreed with the government to receive US$25b in grants and loans for payroll assistance. Alaska Airlines (AS), Allegiant Air (G4), American Airlines (AA), Delta Air Lines (DL), Frontier Airlines (F9), Hawaiian Airlines (HA), JetBlue (B6), United Airlines (UA),

Read Full Article
    IATA: Over Half of 2020 Passenger Revenues at Risk

IATA: Over Half of 2020 Passenger Revenues at Risk

MIAMI – The COVID-19 crisis will cause passenger revenues to drop by $314 billion in 2020, a 55% decline compared to 2019, according to the latest analysis from the International Air Transport Association (IATA). On March 24, IATA updated its March 5 report on the revenue impact of the COVID-19,

Read Full Article

Current Issue

Cart

Polls

If you had a booked trip today, would you cancel it because of the ongoing Coronavirus outbreak?

View Results

Loading ... Loading ...

Subscribe to our weekly Newsletter

@airwaysmagazine

Airways YouTube Channel

1