CRISIS NEWS

Cathay shares plunge as bond sale announced to stem cash crisis

AIR TRANSPORT | LE JOURNAL DE L'AVIATION | Thu, Jan 28^th 2021 |

Shares in Hong Kong's marquee carrier Cathay Pacific plunged on Thursday after the struggling airline unveiled a HK$6.7-billion (US$870-million) bond sale to try to s...

MTU's commercial engine maintenance activity is still resisting the crisis

MAINTENANCE / MRO | LE JOURNAL DE L'AVIATION | Thu, Nov 5^th 2020 |

MTU Aero Engines presented its third quarter financial results and its new guidance for the year. Regarding its commercial engine MRO activity, the German engine manuf...

KLM 3.4bn bailout in crisis as unions refuse paycut plan

AIR TRANSPORT | LE JOURNAL DE L'AVIATION | Mon, Nov 2^nd 2020 |

The Dutch government on Saturday suspended plans to help beleaguered national carrier KLM with a multi-billion-euro bailout package after unions declined to sign a de...

Global air traffic won't return to pre-crisis level before 2024: IATA

AIR TRANSPORT | LE JOURNAL DE L'AVIATION | Wed, Jul 29^th 2020 |

Global air traffic will not return to levels seen before the coronavirus pandemic until at least 2024, the International Air Transport Association said on Tuesday.Unc...

Airbus cuts 15,000 jobs to face aviation's 'gravest crisis'

INDUSTRY / TECHNOLOGY | LE JOURNAL DE L'AVIATION | Wed, Jul 1^st 2020 |

European aircraft maker Airbus said on Tuesday it is planning to cut around 15,000 jobs worldwide, 11 percent of its total workforce, in response to the "gravest cris...

SAS airline slashes 5,000 jobs over corona crisis

AIR TRANSPORT | LE JOURNAL DE L'AVIATION | Tue, Apr 28^th 2020 |

Scandinavian airline SAS said Tuesday it would lay off up to 5,000 employees as the new coronavirus pandemic has wiped out demand for air travel which would not return to normal for "some years".The 5,000 jobs repres...

Magnetic MRO quickly adapts to the crisis by proposing temporary cabin modifications for medical cargo transportation

MAINTENANCE / MRO | LE JOURNAL DE L'AVIATION | Thu, Apr 23^rd 2020 |

Tallinn-based Magnetic MRO offers its customers temporary cabin modifications adapted to the transport of medical goo...

Safran's MRO activity, another victim of the pandemic crisis

MAINTENANCE / MRO | LE JOURNAL DE L'AVIATION | Thu, Apr 9^th 2020 |

For several weeks now, air traffic has been fading away worldwide. While airlines were the first to be affected, the shock waves are being felt gradually across the en...

Boeing reports net drop in 2019 orders amid MAX crisis

INDUSTRY / TECHNOLOGY | LE JOURNAL DE L'AVIATION | Wed, Jan 15^th 2020 |

Boeing reported Tuesday a net drop in commercial plane orders in 2019 and much lower deliveries as its protracted 737 MAX crisis weighed heavily on operations.The aer...

Will 737 MAX crisis take down Boeing CEO?

INDUSTRY / TECHNOLOGY | LE JOURNAL DE L'AVIATION | Thu, Oct 17^th 2019 |

The crisis over the 737 MAX that has tarnished Boeing's image has finally cost Dennis Muilenburg his title as chairman.But Boeing's move last week to strip Muilenburg of his chairmanship -- even as he remains chief e...

Ryanair slashes growth outlook on Boeing crisis

AIR TRANSPORT | LE JOURNAL DE L'AVIATION | Tue, Jul 16^th 2019 |

Ryanair on Tuesday slashed its growth outlook and said it would temporarily shut bases as crisis-hit Boeing pushes back plane delivery owing to fatal crashes that grounded its 737 MAX jets.Ryanair expects to receive ...

Airlines halt Hormuz flights amid US-Iran crisis

AIR TRANSPORT | LE JOURNAL DE L'AVIATION | Fri, Jun 21^st 2019 |

Airlines including British Airways, Qantas and KLM said Friday they were suspending flights over the Strait of Hormuz in line with a ban by US authorities, after Iran shot down a US drone.The suspensions came after t...

FAA grilled again over Boeing 737 MAX crisis

INDUSTRY / TECHNOLOGY | LE JOURNAL DE L'AVIATION | Thu, May 16^th 2019 |

The head of the Federal Aviation Administration faced another grilling in Congress on Wednesday following revelations that pilots complained to Boeing about the 737 MAX in the aftermath of the Lion Air crash.The hear...

Boeing seeks to exit crisis mode as it reports results

INDUSTRY / TECHNOLOGY | LE JOURNAL DE L'AVIATION | Wed, Apr 24^th 2019 |

Under growing scrutiny from investors and regulators, embattled US aerospace giant Boeing will have a chance this week to reset the narrative as it aims to pivot from...

Engineers, mechanics, pilots... the recruitment crisis is hitting everyone

MAINTENANCE / MRO | AEROCONTACT | Thu, Sept 20^th 2018 |

It's a fact that cannot be denied: a lack of pilots is starting to hit airlines and will only get worse over the next few years. The two major commercial aircraft manu...