The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1%. Revenues will fall 50% to $419 billion from $838 billion in 2019. In 2021, losses are expected to be cut to $15.8 billion as revenues rise to $598 billion.
The canton of Valais finances the development of the H55 electric plane
H55 is pleased to share today’s announcement of the decision by the Canton of Valais in providing a financial contribution to assist in setting-up research, production and testing facilities in Sion and its integration into the Canton’s Energypolis Innovation Park eco-system.
A400M customer profile: Spanish Air Force
Airbus
As more and more Airbus A400Ms join the Spanish Air Force’s fleet of aircraft, this military service is working to expand the capabilities of its next-generation airlifter while further increasing mission diversity.
Airbus and Koniku Inc. embark on disruptive biotechnology solutions for aviation security operations
Airbus and Koniku Inc. have made a significant step forward in the co-development of a solution for aircraft and airport security operations by extending research activities to include biological hazard detection capabilities, as well as chemical and explosive threats.
After april passenger demand trough, first signals of uptick
Airbus
The International Air Transport Association (IATA) announced that demand for air services is beginning to recover after hitting bottom in April. Passenger demand in April (measured in revenue passenger kilometers or RPKs), plunged 94.3% compared to April 2019, as the COVID-19-related travel restrictions virtually shut down domestic and international air travel. This is a rate of decline never seen in the history of IATA’s traffic series, which dates back to 1990.
First Cessna Citation Latitudes configured for Flight Inspection enter service
Textron Aviation company, recently delivered the first two Cessna Citation Latitude aircraft configured for flight inspection missions. The aircraft were delivered to Kanematsu Corporation and will be owned and operated by the Japan Air Self-Defense Force (JASDF) to ensure the integrity of instrument approaches and airway procedures that constitute the national airspace of Japan. A third aircraft is anticipated to deliver in early 2021.
Emirates is first airline to conduct rapid Covid-19 tests for passengers
Emirates has become the first airline to introduce rapid on-site coronavirus testing for passengers. The initiative, which has been rolled out in coordination with Dubai Health Authority (DHA), was introduced on a flight to Tunisia. All passengers were all tested for Covid-19 before departing from Dubai.
Inside Rolls Royce Factory – Building Future Jet Engine
Boeing to temporarily suspend 787 operations in South Carolina
Boeing
Boeing will temporarily suspend all 787 operations at Boeing South Carolina (BSC) until further notice, starting at the end of second shift on Wednesday, April 8. This impacts the Airport Campus, Emergent Operations, Interiors Responsibility Center South Carolina and Propulsion South Carolina.