Aerospace
Lufthansa Closes in on $10 Billion State Rescue Deal
Lufthansa is in advanced talks over a 9 billion euros ($9.9 billion) state bailout that would see Germany take a 20% stake in its flagship airline, as countries battle to save an aviation industry hammered by ...
May 21, 2020
11:28 am By Neha Mule
Case Study: Wing Aviation Completes ADS-B Upgrades B...
Federal
Aviation Administration (FAA) mandated that aircrafts without ADS-B technology
on 1st January 2020 will be grounded. To avoid being grounded and beat the rush
on maintenance facilities, Wing Aviation w...
May 20, 2020
3:34 pm By Neha Mule
Britain’s Rolls-Royce to Cut 9,000 Jobs Amid Air T...
Britain’s Rolls-Royce said it would cut at least 9,000 jobs from its global staff of 52,000 to adapt to the much smaller aviation market that will emerge from the coronavirus pandemic.
Rolls-Royce, wh...
May 20, 2020
9:04 am By Neha Mule
Ryanair Cuts Traffic Target but Shares Surge on Cost...
Ryanair cut its annual passenger target by another 20% on Monday and said it had no idea how much it would earn this year, but its shares surged 8% on strong cost control and a 1 billion euro ($1.1 billion) pr...
May 18, 2020
10:53 am By Neha Mule
SAA Administrators will not Sell Assets Without Invo...
Administrators at state-owned South African Airways (SAA) will not sell assets for an interim period without involving the government, a memorandum signed by one of the administrators and the public enterprise...
May 14, 2020
8:47 am By Neha Mule
Rolls-Royce Signals Job Cuts as Lowers Engine Output...
British aero-engine maker Rolls-Royce signalled on Thursday it expects to cut some of its workforce, after reports that it was considering cutting up to 8,000 jobs to weather a global aerospace sector slump.
...
May 7, 2020
11:04 am By Neha Mule
Aerojet Rocketdyne Appoints Amy Gowder as Chief Oper...
Aerojet Rocketdyne announced that Amy Gowder joined the company on May 4, 2020, as Chief Operating Officer (COO). Gowder will report directly to CEO and President Eileen Drake and will serve as one of the offi...
May 5, 2020
6:12 am By Neha Mule