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Significant cost reduction achieved by airBaltic

Since the beginning of the crisis caused by the spread of the Coronavirus, Latvian airline airBaltic has taken severe steps to ensure sufficient liquidity of the company enabling airBaltic to operate during a longer period with lower demand. airBaltic took a decision to d...

Resilience and Responsibility: Airbus Annual General Meeting

Over the past 50 years, Airbus’ products and technologies have changed the aerospace industry beyond recognition. But now a game-changing moment has been reached as the sector and society in general address the impact of the coronavirus pandemic. Airbus holds its Annual General Meeting, f...


Over half of 2020 passenger revenues at risk due to Covid19 crisis

IATA released updated analysis showing that the COVID-19 crisis will see airline passenger revenues drop by $314 billion in 2020, a 55% decline compared to 2019. On 24 March IATA estimated $252 billion in lost revenues (-44% vs. 2019) in a scenario with severe travel restrictions lasting three months. The updated figures reflect a significant deepening of the crisis since then, and re...

The impact of Covid-19 on jet sales: 21% drop in sale of pre-owned private jets in Europe

Analysis of industry data by Colibri Aircraft, the private jet broker which specialises in the marketing, resale and purchase of pre-owned private aircraft, reveals that 152 pre-owned private jets were bought in Europe in 2019 - a drop of 21% when compared to 2018 when there were 192 sales.  Despite this, Colibri Aircraft saw a significant increase in its transaction volume year-on-year....

European Commission approves €455 million Swedish guarantee scheme to support airlines

The European Commission has approved a Swedish loan guarantee scheme to support airlines affected by the coronavirus outbreak. The scheme was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April 2020. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “The coronavirus ou...

What commercial drone market will be worth

Frost & Sullivan's recent analysis, Global Commercial UAS Market Outlook, 2020, finds that the industry is transitioning from a nascent to a growth stage. With the surge in demand for commercial drones by the professional segment, unit shipment is estimated to rise at a compound annual growth rate (CAGR) of 4.5%, reaching 2.91 million units by 2023 from 2.44 million units in 2019. By...

Leonardo completed the acquisition of Kopter

Leonardo announced the closing of the acquisition of Kopter Group AG (Kopter) from Lynwood (Schweiz). The purchase price, on a cash and debt free basis, consists of a $185 million fixed component plus an earn-out mechanism linked to certain milestones over the life of the programme, starting from 2022. The acquisition of Kopter allows Leonardo to further strengthen its worldwide leadership...

EUROCONTROL states agree a €1.1 billion deferral package to assist airlines

The EUROCONTROL Member States have agreed a financial package enabling airlines to defer the payment of up to €1.1 billion of air traffic control fees due for payment to Europe’s air traffic management industry in the coming months. As a result of COVID-19, the number of flights operating daily in European airspace has declined by 90%. This dramatic reduction in operations is likely...

Aero Norway $1.5 million investment in state-of-the-art high speed grinder

Aero Norway has invested $1.5 million in a new state-of-the-art high speed grinder sustaining its position as a leading full service engine MRO. The purchase of this specialist machine will ensure stable and efficient turn-around times are maintained and that the services Aero Norway’s customers are being offered remain at the forefront of engine MRO technology capabilities. The...

CAE announces measures to protect its financial position: COVID-19

CAE announced that it has taken a series of flexible measures to protect its financial position in response to the COVID-19 crisis and mitigate the impact on its employees. The measures include temporarily suspending its common share dividend and share repurchase plan, as well temporarily laying off 2,600 of its 10,500 employees and placing another 900 employees on a reduced work week. CAE also an...

European Union must act now - aviation industry is facing an unprecedented liquidity crisis

Aviation is a strategically important sector making a vital contribution to Europe’s overall economy and employment. In light of the unprecedented COVID-19 crisis, Europeans are no longer able to travel, the vast majority of aircraft in Europe are grounded, the sale of air tickets has come to a nearly complete stop and airports across the continent have come to a standstill. While welcomi...

Utah Rotor Pathway Program Receives $1.1 Million Grant

The Utah State Legislature recently approved a Strategic Workforce Initiative grant to Southern Utah University to support the growth of the Utah Rotor Pathway Program, a government-industry-education partnership preparing Utah students for high-growth occupations while serving regional industry workforce needs. The grant totals $386,000 per year for three years, for a total of $1,158,000....

Avia Solutions Group has finalized the acquisition of Bluebird Nordic

On the 24th of January 2020, Avia Solutions Group signed an agreement with BB Holding EHF for the full acquisition of Bluebird Nordic, which entails a 100% stake ownership of the company’s shareholdings. On the 31st of March 2020, following the completion of all prerequisites and receipt of relevant clearances from competition authorities, the transaction was finalised. Gediminas Zie...

Actions to adapt to the current crisis: Safran

The Board of Directors of Safran (Euronext Paris: SAF) under the Chairmanship of Ross McInnes, met on March 26, 2020 to consider an action plan prepared by Executive Management in response to the impact of the Covid-19 pandemic. CEO Philippe Petitcolin commented: "In this critical period, our attention is focused on taking care of our employees and monitoring our customers and suppl...

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Jet Linx purchases Meridian Aircraft Management and Air Charter

Jet Linx continued its strategic expansion in the New York, New Jersey and Connecticut tri-state region by acquiring Meridian Aircraft Management and Air Charter business. Meridian is a full...

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To meet cargo demands during covid19 crisis Hi Fly converts A380

Hi Fly has created extra cargo capacity by temporarily removing economy seats of some of its aircraft, including the iconic A380 “Save the Coral Reefs”, to meet the high cargo demands duri...

Jet Linx purchases Meridian Aircraft Management and Air Charter

Jet Linx continued its strategic expansion in the New York, New Jersey and Connecticut tri-state region by acquiring Meridian Aircraft Management and Air Charter business. Meridian is a full...

Second set of measures for Lufthansa restructuring program

The Executive Board of Deutsche Lufthansa AG has approved a second set of measures as part of its overall restructuring program in the wake of the coronavirus crisis. With the first set of measures la...