Business

Aeroflot logs heavy 2020 loss

Russia's flagship airline Aeroflot announced Wednesday heavy losses for 2020 as coronavirus-related restrictions grounded planes around the world.

Business

Pandemic savages airline sector

Dizzying losses, the looming threat of bankruptcies and tens of thousands of people thrown out of work: the aviation industry has been devastated by COVID-19 and there is still no light at the end of the tunnel. The sector ...

Business

Airbus looks to A321 XLR to exit virus crisis

The COVID-19 pandemic has hit aircraft manufacturers hard but Airbus is already looking towards a new plane to help drive its recovery and get a leg up on rival Boeing.

Business

Ryanair forecasts biggest ever loss on virus hit

Irish no-frills carrier Ryanair warned Monday that it will suffer a record annual loss of almost 1.0 billion euros ($1.2 billion) as the coronavirus pandemic ravages demand for air travel.

Energy & Green Tech

Sustainable electric aircraft

Research published in the International Journal of Sustainable Aviation, looks at the opportunities and challenges facing the aviation industry in its aspirations to employ electric aircraft rather than adopt biofuels.

Business

Korean Air to take over troubled Asiana Airlines for $1.6 bn

South Korean flag carrier Korean Air said Monday it will buy out its smaller, troubled rival Asiana Airlines in a $1.6 billion deal as it looks to consolidate with the global aviation sector devastated by the coronavirus ...

Central Florida lands hub for Jetsons-like 'flying cars'

The nation's first regional hub for "flying cars" is being built in central Florida and once completed in five years, the vehicles will be able to take passengers from Orlando to Tampa in a half hour, officials said Wednesday.

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