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

Three Indian LCCs in top 15 worldwide by aircraft on order

The Blue Swan Daily published an analysis of top 20 LCCs (Low cost carriers) worldwide by aircraft on order. Lion Air tops the list with 444 aircraft on order, comprising of 415 narrow body, 8 wide body and 21 turbo prop aircraft. However, Lion Air orders are across the group companies which comprise of Lion … Continue reading Three Indian LCCs in top 15 worldwide by aircraft on order