Airbus Posts €1.9 billion First-Half Loss, 145 Aircraft Orders Couldn’t be Delivered
Today, Airbus posted its half-year (H1) 2020 results in which it recorded a net loss of €1.9 billion. Compared to last year’s €1.2 billion net income, Airbus has now thoroughly felt the impact of the coronavirus. The European planemaker revealed that its...
Global Passenger Traffic Won’t Reach Pre-COVID Levels Until 2024: IATA
The International Air Transport Association (IATA) revised its prediction for passenger traffic recovery on Tuesday. Earlier, the global airlines trade association projected pre-COVID-19 levels to return no earlier than 2023. However, in its latest update, it declared...
FAA Issues Emergency Directive for 737s Prone to Dual-Engine Power Loss
US regulatory authority, the Federal Aviation Administration (FAA) issued an emergency airworthiness directive (AD) for stored Boeing 737 aircraft on Friday. The directive was issued following four recent reports of in-flight single-engine shutdowns caused by corroded...
