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Southeast Asia budget airline boom turns sour for planemakers, lessors
July 20, 2020 10:50 PM EDTBy Jamie Freed and Anshuman Daga
SYDNEY/SINGAPORE (Reuters) - Southeast Asian low-cost carriers, a key growth engine for planemakers and leasing companies for a decade before the pandemic, are faltering financially as demand plunges, raising questions over whether they can replace and double their fleets.
Auditors for Malaysia's AirAsia Group Bhd and Vietnam's VietJet Aviation JSC are concerned about cashflows and funding, while Indonesia's Lion Air has put the brakes on a planned flotation.
Even before the pandemic, bankers and leasing bosses were worried about whether aircraft ordered during a decade-long buying... More
Air France pilots in draft deal on low-cost domestic flights
July 20, 2020 12:30 PM EDTPARIS (Reuters) - Air France-KLM (NYSE: AIR) has struck a tentative deal with French pilots to transfer some domestic services to low-cost subsidiary Transavia, as the airline group steps up restructuring in the wake of the coronavirus crisis, the main pilots' union said.
... MoreEmbraer's commercial jet deliveries collapse amid pandemic
July 20, 2020 7:32 AM EDTSAO PAULO (Reuters) - Brazilian planemaker Embraer SA said on Monday it had delivered just four commercial planes in the second quarter, compared with 26 a year ago in the same period, blaming the collapse on the coronavirus pandemic.
The crisis has hammered travel around the world... More
Aerospace leaders say collaboration, government support help mitigate pandemic
July 20, 2020 7:03 AM EDTLONDON (Reuters) - Deeper industry collaboration and government support will help Europe's aerospace companies ride out the coronavirus pandemic, sector leaders said on Monday, as they juggle lower revenues with the need to invest in cleaner air travel for the future.
Europe's biggest aerospace and defence companies Airbus (NYSE: AIR), BAE Systems and Leonardo (OTC: LDOF) had expected to spend this week showcasing aircraft and entertaining clients at the biennial Farnborough Airshow in southern... More
