Thoughts this week – 9May20

This week, we look at More airlines are announcing increase in flights Delta and LATAM sign trans-American Joint Venture State Aid starts flowing to airlines Aircraft deliveries deferred Iberia to offer COVID-19 tests for all employees More airlines are announcing flight schedules More airlines are getting back to the air and increasing flights. Qatar Airways … Continue reading Thoughts this week – 9May20

Airbus, Boeing announce Q1 losses, cut production rate

The two largest airplane makers in the world, Airbus and Boeing announced their Q1-CY20 results today. As anticipated both the manufacturers have declared losses as the world battled COVID-19 and air travel is one the most impacted industries worldwide. Airbus reported revenues of EUR 10.6 billion and a consolidated net loss of EUR 481 million … Continue reading Airbus, Boeing announce Q1 losses, cut production rate

Boeing terminates agreement to establish joint venture with Embraer

In a not so surprising move Boeing announced that it has terminated Master Transaction Agreement (MTA) with Embraer. The MTA was signed in 2018 under which the two companies sought to establish a new level of strategic partnership. This involved creating a joint venture comprising Embraer’s commercial aviation business and a second joint venture to … Continue reading Boeing terminates agreement to establish joint venture with Embraer