Boeing 737 MAX crisis: Burned bridges (Part III)

Daily Newsletter | July 31, 2019
After months of uncertainty on the fate of the A380, Air France-KLM finally announced it would sell the five superjumbos it owns by 2022. The group also confirmed the acquisition of 60 A220-300 aircraft as part of its fleet modernization strategy and reported strong results for the second quarter of 2019.
Canada’s flagship carrier Air Canada, much like Southwest Airlines in the U.S., has given up hopes to resume its Boeing 737 MAX flights in 2019. With the release of second quarter 2019 results, the airline announced it will remove MAX flights from its schedule until “at least” early January, 2020. Despite posting better-than-expected results, the company now expects the continued grounding of the planes to weigh down its performance in the third quarter.
In focus
British Airways has taken delivery of its first A350-1000 at Airbus Headquarters in Toulouse, France, making it the first operator of the variant within International Airlines Group (IAG).
Avia Solutions Group, a global aviation-servicing holding and Henan Civil Aviation Development and Investment Company (HNCA) signed a $60 million worth Joint Venture agreement to establish a new training center in Zhengzhou city, Henan province (China).
Lufthansa reports losing €116 million in the first half of 2019 financial year. While the last three months were better for business than the previous three and business results of long-haul flights are rising steadily, fierce competition at home ‒ in Germany and Austria ‒ puts strong pressure on yields.
AeroTime News Hub

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