The Board of Directors of Safran (Euronext Paris: SAF) under the Chairmanship of Ross McInnes, met on March 26, 2020 to consider an action plan prepared by Executive Management in response to the impact of the Covid-19 pandemic. CEO Philippe Petitcolin commented: "In this critical period, our attention is focused on taking care of our employees and monitoring our customers and suppl...
VistaJet is helping to ensure that those with critical travel requirements during this time of uncertainty are able to keep moving.Understanding the global community’s needs as the world works to respond to the evolving situation on COVID-19, VistaJet continues to identify new ways to be of help through its global network and infrastructure. The Company is working directly with Governme...
The European Business Aviation Association (EBAA) announced today that it has partnered with risk analysis company Osprey Flight Solutions to provide operators with real-time updates on risk information related to the COVID-19 outbreak. Business aviation operators are able to access the Osprey:Open platform to find live updates on COVID-19 and its impact on daily operations, i...
HAECO Group announced the acquisition of Jet Engine Solutions, an engine MRO based in Dallas, Texas, USA. JES specialises in quick-turn repairs and lease returns for commercial aircraft engines. Christopher Gibbs, HAECO Group Director, Components and Engine Services, said: “JES has a strong reputation within the engine maintenance business for quality and delivery in the Unite...
Embraer is working in partnership with companies and research centers on technologies that can increase the availability of equipment and solutions to combat COVID-19 in Brazil. The actions, developed jointly with Embraer's supply chain, include the manufacturing of parts for the ventilator and respirator industry, the replacement of imported components for ventilators, the development of...
Air Canada said today that through its Air Canada Cargo division it has begun using its aircraft to operate cargo-only flights to Europe, with other flights planned for Latin America and South America. The aircraft on these flights carry no passengers but move time-sensitive shipments, including medical supplies to combat COVID-19, and goods to support the global economy....
IBAC is introducing an online webinar alternative to its program workshops, as well as offering a new temporary option for remote auditing to its International Business Aircraft Operations (IS-BAO) and International Business Aircraft Handling (IS-BAH) organizations as a result of COVID-19 limitations. Participating in one of the IS-BAO Fundamentals and Auditing workshops, typically p...
An Airbus A400M airlifter has performed an air-bridge between Toulouse and Madrid in order to deliver critically-needed mask supplies to the Spanish health system. The aircraft, known as MSN56 and operated by an Airbus crew, took off on 23rd March 2020 from Airbus’ headquarters in Toulouse at 18.07 local time (CET) landing at the Getafe Air Base (Madrid) at 19.05 to off-load and deli...
IATA updated its analysis of the revenue impact of the COVID-19 pandemic on the global air transport industry. Owing to the severity of travel restrictions and the expected global recession, IATA now estimates that industry passenger revenues could plummet $252 billion or 44% below 2019’s figure. This is in a scenario in which severe travel restrictions last for up to three months, foll...
The previously reported results for the short fiscal year 2019 (1 March - 31 December) are unchanged after completion of the audit. New orders worth USD 800 million will help offset impending market corrections. The general economic situation resulting from the COVID 19 crisis cannot yet be assessed. FACC is therefore adopting a comprehensive package of measures to protect the workforce, safeguard...
FAI has been working around the clock to help evacuate those in need following unprecedented demand from the spread of coronavirus. This includes both medical evacuations of infected patients and repatriation flights of unaffected healthy individuals from all corners of the globe. The company is currently operating at maximum capacity, averaging around six missions per day with its 10-strong...
Fitch Ratings has affirmed PJSC Aeroflot’s long-term issuer default rating at “BB” as part of its annual review of the airline’s credit ratings. The outlook has changed from “stable” to “negative”. Fitch noted that the change in the outlook is due to the impact of COVID-19 on the Company's metrics “in 2020, which is consistent with a sim...
