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US Department of Transportation | June 09, 2020
The US Department of Transportation (DOT) will extend its financial support to airlines that cancel “Essential Air Service” (EAS) flights due to lack of demand stemming from the coronavirus pandemic. The agency had already authorised paying 50% of subsidies for flights cancelled due to lack of demand as long as carriers serve the destinations with at least one round trip daily, six days weekly. In Alaska, carriers must complete at least 50% of weekly schedules to receive payme...
Aviation International News | March 09, 2020
UK-headquartered aerostructures, components, and systems provider GKN Aerospace reported a 7 percent increase in sales in 2019 and a jump on future business with a couple of key contracts, including from Gulfstream Aerospace and Aerion Supersonic. At the same time, GKN said it anticipates some negative impact in 2020 related to the COVID-19 outbreak. GKN Aerospace brought in £3.852 billion ($5.03 billion) in revenue and posted a profit of £409 million for the year, exceeding expectat...
Mitsubishi | June 02, 2020
The Mitsubishi Aircraft SpaceJet program has halted all flight testing worldwide and is winding down production to zero. The company said it must first meet cost targets and then work out a plan to get a type certificate (TC). Only after the regional jet is declared airworthy will the resumption of manufacturing be considered. Staffing at the home of the program in Nagoya, Japan, will be reduced, Mitsubishi Aircraft said, briefly outlining its plans to Aviation Daily. Despite the retrench...
Defense and Space
Vertical Aerospace | July 16, 2022
Vertical Aerospace a global aerospace and technology company that is pioneering zero-emissions aviation, today announces that it has confirmed delivery slots and the commitment of associated pre-delivery payments with American Airlines. American has reserved delivery slots for the first 50 VX4 aircraft of its initial conditional pre-order of up to 250 aircraft, with an option for an additional 100, announced in June 2021. The parties will build upon their existing joint working gr...
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