PARIS - European planemaker Airbus on Friday joined a growing list of companies outlining the environmental impact of their products, as aviation aims to reshape itself after the coronavirus crisis. Airbus says it is the first planemaker to do so. Aviation produces 2.5% of human-induced CO2 emissions and 12% of CO2 from transport, the industry says.»
LONDON - British Airways-owner IAG plunged to a record 7.43 billion euro loss last year as pandemic travel paralysis saw it burn through cash, and it warned on Friday it could not say when normal flying conditions would return. The airline group claims it will sustain the crisis without any additional funding.»
WASHINGTON - Boeing will pay $6.6 million to U.S. regulators as part of a settlement over quality and safety-oversight lapses going back years, a setback that comes as Boeing wrestles with repairs to flawed 787 Dreamliner jets that could dwarf the cost of the federal penalty and last several years.»
DUBLIN - Boeing is not engaging with Norwegian Air’s restructuring proceedings in Ireland or Norway, a lawyer for Norwegian said on Wednesday, a decision that may complicate the airline’s efforts to recover from the brink of collapse. The airline struck a deal with Airbus to cancel orders for 88 aircraft.»
WASHINGTON - The U.S. Transportation Department's inspector general faulted "weaknesses" in U.S. government certification of the Boeing 737 MAX aircraft that was grounded for 20 months after two crashes killed 346 people, according to a report released Wednesday.»
LONDON - Heathrow Airport plunged to a 2 billion pound annual loss after passenger numbers collapsed to levels last seen in the 1970s during the pandemic. Heathrow called on the government to agree a common international travel standard to allow travel to restart in the summer and to provide tax breaks for airports.»
WASHINGTON - The FAA ordered immediate inspections of Boeing 777 planes with Pratt & Whitney PW4000 engines before further flights after an engine failed on a United flight on Saturday. Operators must conduct a thermal acoustic image inspection of the large titanium fan blades located at the front of each engine.»
PARIS - The head of European planemaker Airbus called for a "ceasefire" in a transatlantic trade war over aircraft subsidies, saying tit-for-tat tariffs on planes and other goods had aggravated damage from the Covid-19 crisis. Brazil ended its dog fight with Canada on aircraft subsidies last week.»
WASHINGTON - Damage to a fan blade on an engine that failed on a United Airlines Boeing 777 flight is consistent with metal fatigue, based on a preliminary assessment, the chairman of the U.S. air accident investigator said on Monday.»
LONDON - International holiday bookings surged by as much as 600% after Britain laid out plans to gradually relax coronavirus restrictions, giving battered airlines and tour operators hope that a bumper summer could come to their rescue.»
WASHINGTON - The National Transportation Safety Board announced Monday its decision to decommission the TWA Flight 800 reconstruction as the agency prepares for the expiration of the lease for its Ashburn, Virginia, Training Center.»
LONDON - International travel from England will be banned until May 17 at the earliest, Prime Minister Boris Johnson announced on Monday, prolonging the pain for airlines, airports and holiday companies. Vaccinated passengers will enjoy travel priviliges once international immigration restrictions are lifted.»
LONDON - British Airways owner IAG raised total liquidity by 2.45 billion pounds ($3.4 billion), through a loan and deferred pension contributions, and said it continued to explore other debt opportunities to improve its finances.»
ZURICH - Swiss logistics firm Kuehne & Nagel said on Monday it would buy Asian logistics provider Apex International from private equity firm MBK Partners, its largest acquisition to date. A person with knowledge of the transaction said the deal gave Apex a value of $1.5 billion to $2 billion and was expected to close in April.»Discussions on current events and developments in the aviation industry
