NEW YORK - Airbus was sued on Thursday by shareholders who accused the European planemaker of securities fraud for misleading them about its ability to avoid and manage corruption accusations over nearly 4-1/2 years. Airbus had already settled a probe with U.S. authorities.»
BERLIN - Lufthansa does not expect air travel demand to return to pre-coronavirus crisis levels until at least 2024, as the German airline posted a 1.7 billion euro quarterly operating loss. According to the management layoffs are getting more likely.»
WASHINGTON - A group of Senate Republicans on Wednesday and President Donald Trump backed extending a 25 billion Dollar payroll assistance program for U.S. airlines, after warnings that carriers may be forced to cut tens of thousands of jobs this fall without further government action.»
CHARLESTON - The U.S. Federal Aviation Administration on Wednesday said it was proposing to fine Boeing Co 1.25 million Dollars after the agency alleged Boeing managers at its South Carolina plant exerted undue pressure on workers who handle safety oversight work on behalf of the agency.»
WASHINGTON - Virgin Atlantic Airways is seeking protection from creditors in the United States under Chapter 15 of the U.S. Bankruptcy Code, which allows a foreign debtor to shield assets in this country, according to a court filing on Tuesday.»
LONDON - British low cost airline Easyjet said it planned to fly about 40 percent of its capacity over the rest of the summer, more than originally scheduled as bookings were stronger than expected despite ongoing restrictions due to the pandemic. The airline also expects an improving financial performance.»
SEATTLE - The U.S. Federal Aviation Administration FAA said it is proposing requiring four key Boeing 737 MAX design and operating changes to address safety issues seen in two fatal crashes that led to the plane's grounding in March 2019.»
LONDON - London City Airport and Lufthansa have announced that flights between central London and Frankfurt will resume at the start of September. The German airline will commence two flights a day between the two global financial centres from Monday 7th September in a bid to restore business travel.»
LONDON - British Airways pilots accepted a 20 percent pay cut in an effort to save their jobs - the airline will now limit redundancies to one fifth of the 1,255 pilots it initally had put on notice. At the same time, Britain curbed rules for a rehiring bonus for furloughed staff at large companies.»
NEWQUAY - British Airways fills the Flybe gap on the route from London-Heathrow to Newquay in return for PSO subsidies - restoring a vital airlink between Cornwell and the capital through March 2021. Newquay airport also attracted a new regional airline that started to offer new services.»
LONDON - British Airways owner IAG plans to raise 2.75 billion euros from shareholders to repair the coronavirus-sized hole in its finances and brace for a more chaotic future. CEO Willie Walsh said the plan, backed by biggest shareholder Qatar Airways, was needed to survive the most severe crisis in aviation history.»
KUALA LUMPU - Malaysia's AirAsia X fell to a net loss in its first quarter as the pandemic slowed air travel demand and continues to face severe liquidity constraints, it said in a bourse filing late Thursday. It was the airline's fourth straight quarterly loss.»
PARIS - Airbus announced a new cut in production of its marquee A350 jet on Thursday as it swung to a larger-than-expected second-quarter loss in the face of global pandemic. The planemaker also said it hoped to avoid consuming cash before M&A and customer financing in the second half of the year.»
SEATTLE - Boeing said on Wednesday it would cut production on its marquee 787 and 777 jet programs, delay ramp-up plans on the 737 MAX, and confirmed the demise of the 747 jumbo, as it reported a bigger-than-expected quarterly loss due to the fallout from the Covid-19 pandemic.»Discussions on current events and developments in the aviation industry
