Airbus reported its full-year results (FY) 2020 on the 18 February 2021, 09.15 am, (Paris Time). Key Points: Net commercial aircraft orders totaled 268 (2019: 768 aircraft)Airbus suffered a full-year net loss of 1.13 billion euros ($1.36 billion).Airbus turned a profit in its fourth quarter showing signs of a reversalOrder backlog comprising 7,184 commercial aircraft (as … [Read more...] about Airbus full-year results (FY) 2020: Airbus Cautious on 2021
Industry News
Aircraft cancellations continue to outpace sales for Boeing
Key Points: 26 commercial aircraft delivered to customersOrder backlog of 4,016 aircraft21 737 MAX aircraft delivered in January777X forecast remains the same Boeing has reported the company delivered 26 commercial aircraft to customers last month but order cancellations continued to outpace new sales as the manufacturer is still struggling in the Covid-19 … [Read more...] about Aircraft cancellations continue to outpace sales for Boeing
Boeing pushes 777X deliveries to late 2023 as the company posts record annual loss
Key Points: Boeing shares fell nearly 4% after its earnings report2020 net loss hit a record of $11.9 billion737 Max grounding and the coronavirus pandemic both contributory factorsTotal company backlog at quarter-end was $363 billionOperating cash flow of ($4.0) billion Covid-19 has decimated air travel globally and the aircraft manufacturers are now really feeling … [Read more...] about Boeing pushes 777X deliveries to late 2023 as the company posts record annual loss
King Aerospace to construct a new 90,000-sq-ft hangar at its Oklahoma facility early next year
Texas-based aviation MRO services provider King Aerospace will start construction early next year on a new 90,000-sq-ft hangar at its Oklahoma facility. King specializes in bizliner aircraft such as the BBJ. The companies FAA and EASA certified repair station offers avionics, interiors, modifications, and paint. The larger hangar will allow it to accommodate multiple … [Read more...] about King Aerospace to construct a new 90,000-sq-ft hangar at its Oklahoma facility early next year
Airbus makes plans to lower aircraft production numbers
The decline in customers wanting delivery of aircraft has resulted in Airbus cutting back its planned production of Airbus commercial aircraft by about a third, the company announced on Wednesday 08 April 2020. Due to the coronavirus covid-19 pandemic the airline industry now faces customer demand and utilization problems forcing them to dismiss, furlough and reduce pay for … [Read more...] about Airbus makes plans to lower aircraft production numbers