Aerospace & Defense

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Embraer Wins Major Financing Commitments

Brazilian export bank BNDES and other financial institutions have committed to provide up to $600 million in debt financing.

IATA Reticent on Covid Testing for Passengers

The International Air Transport Association has raised concerns over cost, speed, scalability, and accuracy of current Covid 19 testing.

Gameco Inaugurates Boeing 737-800 Freighter Conversion Line

China’s Guangzhou Aircraft Maintenance Engineering Company has opened the sixth 737-800BCF conversion line in the People’s Republic.

Embraer to Reintegrate Commercial Aviation, Slattery To GE

Embraer will reverse its “carve out” of Commercial Aviation while division CCO Arjan Meijer assumes the chief executive’s role from John Slattery.

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GE Aviation's Joyce To Retire after 40 Years with the Company

GE Aviation’s retiring CEO David Joyce will relinquish his duties to former Embraer Commercial Aviation chief executive John Slattery on September 1

Mitsubishi Aircraft Triggers M90 Management Shakeup

Chief development officer Alex Bellamy will leave Mitsubishi Aircraft as the company names a new chief engineer for the M90.

UK Airlines Launch Legal Challenge to Quarantine Rules

British Airways, EasyJet and Ryanair asked a court to rule on their objections to a 14-day quarantine requirement for most travelers arriving in the UK.

Regulations and Government

Spirit Aero to Pause Boeing Max Fuselage Production

Boeing sent a letter to fuselage supplier Spirit Aerosystems asking it to delay production of twenty 737 Max shipsets.

EC Calls for Limited Opening of External European Union Border

The European Commission recommended that Schengen-area states coordinate lifting of restrictions on countries from outside the region on health grounds.

Regulations and Government

Finnair to Raise €500 Million with New Share Offering

The European Commission on June 9 approved Finland’s participation in its flag carrier’s share offering.

Cranfield Research Points to a Smaller Air Transport Industry

A recently released study by Cranfield University shed light on expectations for the future of air transport.

France Unveils €15 Billion Aid Package For Aviation Industry

Government funding includes existing support for Air France, plus a further €8 billion for various aspects of the aerospace sector.

Finance, Taxes, Insurance

Hong Kong Throws Lifeline to Cathay Pacific

Cathay Pacific Group will issue ownership warrants to the Hong Kong government as part of a $5 billion recapitalization effort.

IATA Sees Airline Losses Continuing in 2021

The International Air Transport Association projects historically steep losses of $84.3 billion this year to decline to $15.8 billion in 2021.

IndiGo Ventures into Air Charter

India’s largest low-cost carrier Indigo has now started offering aircraft charter under IndiGo Charter Services to boost revenue.

Charter & Fractional

Emirates Starts Pilot, Cabin Crew Layoffs

Dubai’s Emirates Airline said it “deeply regrets” workforce cuts.

British Airways Challenges UK Government Over Quarantine

British Airways is suing the UK government after refusing to participate in a meeting with the UK Home Secretary to discuss new quarantine rules.

U.S. Reciprocates on China’s Flight Ban Concession

The U.S. Department of Transportation will allow Chinese carriers to fly as many as two round trips a week between the two countries.

EASA’s Covid Charter Draws First Signatories

Three airlines and seven airports have agreed to help implement health measures recommended by EASA’s new health protocol.

UAE Lifts Flight Restrictions on Etihad, Emirates

Etihad will begin service to 20 cities on June 10 from Abu Dhabi while Emirates launches flights to 16 key destinations on June 15.

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