Tag: GlobalData

Top Chinese airline companies show signs of recovery, says GlobalData

Top Chinese airline companies show signs of recovery, says GlobalData

Similar to the Chinese tech stocks that are slowly on the rise despite growing allegations of breach of data privacy, the Chinese airline companies are seeing an improvement post the onset of COVID-19 pandemic, says GlobalData, a leading data and analytics company. The travel and tourism sector was...

South Korean aviation sector shows positive signs in Q2

South Korean aviation sector shows positive signs in Q2

The South Korean aviation sector, which had witnessed a sharp decline in the first quarter (Q1) due to COVID-19 pandemic, is showing signs of recovery with the country’s two major carriers Korean Air Lines (Korean Air) and Asiana Airlines reporting positive results in the second quarter (Q2) of 20...

More layoffs for Boeing are no surprise in battered air travel industry, says GlobalData

Following the recent news that Boeing will extend staff cuts beyond the 10% originally announced; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “Despite an encouraging FAA directive issued earlier this mont...

Qantas Airbus A380 grounding points to expected U-shaped commercial aviation recovery

Following the news that major airline Qantas is grounding and preserving its Airbus A380 fleet for at least three years until the passenger market starts to rebound; Anthony Endresen, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the situati...

Airlines more likely to extend life of Aircrafts rather than invest in new designs says GlobalData

The COVID-19 pandemic has had a profound impact upon the commercial aviation industry, with lockdowns and border closures evaporating passenger demand. Stricken by lost passenger revenue, airlines have cancelled outstanding orders and reduced the size of their fleets. Given the depressed state of th...

B737 MAX’s troubles could extend far beyond current COVID-19 crisis, says GlobalData

Following the recent news that Avolon has canceled an additional order of 27 B737 MAX; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “Bad news appears to come unabated since the beginning of the year for Boeing...

More furloughs will reduce Airbus’ commercial output to face the collapse of air travel, says GlobalData

Following the news that Airbus will furlough 5,300 staff in Spain and the UK; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on Airbus’ situation: “The list of Airbus’ furlough schemes is growing. The company already red...

New deferrals show that Airbus is as exposed as Boeing to air travel crisis, says GlobalData

Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “More deferral will be hitting Airbus’ order book after Spanish airline Ibera decided to postpone deliveries of A320neo and A350. It is a blow for the European ...

Mitsubishi goes ahead with new aircraft as future of air travel remains unclear, says GlobalData

Following the news that Mitsubishi Heavy Industries will focus on certifying the M90 variant of the SpaceJet regional aircraft programs; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the situation; “Mitsubishi Heavy Indu...

France is boosting European-wide network with aerospace aid package, says GlobalData

France is boosting European-wide network with aerospace aid package, says GlobalData

Following today’s (Tuesday 9 June) news that the French Government promised a €15bn rescue package to the aerospace industry; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the decision: “By European standards, France...

COVID-19 force Airbus to take more production cuts and lay-offs, says GlobalData

Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on Airbus’ situation: “Airbus is planning to extend production cuts of its main commercial platforms by 40% overall for two years. These cuts will further extend previously annou...

France will aid its aerospace industry to preserve its export competitive edge

France will aid its aerospace industry to preserve its export competitive edge

Following the recent news that the French Government is preparing a €1bn crisis fund for aerospace suppliers; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “Among all European countries, it is no surprise t...

Another delivery deferral threatens come back for the B737 MAX, says GlobalData

Following Wednesdays (3 June) news that SMBC Aviation Capital is deferring 68 B737 MAX deliveries; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “The deferral of 68 B737 MAX from leasing company SMBC Aviat...

Boeing adapts to new realities of commercial air travel post COVID-19 with safe travel initiative, says GlobalData

Following news that Boeing is launching a Confident Travel Initiative to prepare commercial aviation for a post-COVID-19 world; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on Boeing’s initiative: “The COVID-19 pandemic ...

Mitsubishi postpones regional jet program due to COVID-19, says GlobalData

Following Monday 11 May' news that Mitsubishi Heavy Industries is postponing its SpaceJet regional airliner program; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “Mitsubishi Heavy Industries has been atte...

.