October 26, 2020

    Daily Auto News, Luxury Cars, Photos, Prices, Spy Shots, Videos, Incidents and more
    British Airways

    British Airways CEO and chairman Alex Cruz steps down with immediate effect

    Alex Cruz will be replaced by boss of Aer Lingus, Sean Doyle. Alex Cruz will quit from the job of CEO with immediate effect and become a non-executive chairman. The job is one of the most high profile positions in British business. The decision was made by Luis Gallego, the new chief executive of British […]

    Aviation
    Nancy Pelosi

    Pelosi asks airline companies to hold off furloughs with more aid ‘imminent’

    Democratic House Speaker Nancy Pelosi on Friday pledged additional payroll support for airlines and asked them to pause the tens of thousands of job cuts, sending shares in major U.S. carriers higher. Pelosi’s comments come a day after airlines started furloughing around 35,000 workers after the terms of a $25 billion federal payroll support package passed in […]

    Aviation
    American Airlines

    American Airlines and United Airlines to furlough 32,000 workers

    American Airlines and United Airlines say they will start to furlough 32,000 workers after lawmakers and the White House failed to agree on a broad coronavirus pandemic relief package that includes more federal aid for airline companies. American Airlines CEO Doug Parker said that if Washington comes up with a deal with $25 billion for […]

    Aviation
    Delta Air Lines

    Delta to extend caps on passenger numbers due to coronavirus

    The carrier will continue to limit the number of people on its planes beyond September. So far Delta Air Lines airline has been capping the amount on board its flights to be less than 60% of capacity. It is intending to limit the spread of coronavirus and impose some form of social distancing. Chief Executive […]

    Aviation
    American Airlines

    American Airlines seeks $3.5 billion in new financing to improve liquidity

    American Airlines Group Inc stated on Sunday it prepares to secure US$3.5 billion in new financing, to improve the airline’s liquidity as it deals with travel restrictions led by the coronavirus crisis. The company prepares to raise $1.5 billion by selling shares and convertible senior notes due 2025, the airline stated. Furthermore, the airline said […]

    Aviation
    Rolls-Royce

    Britain’s Rolls-Royce to cut 9,000 jobs as air travels decline

    Rolls-Royce plans to slash at least 9,000 jobs, or over a sixth of its workforce, in the recent blows to the UK economy and aviation industry has been hit by the ongoing coronavirus crisis. The company makes engines for planes including Boeing 787 and Airbus 350. It said on Wednesday it could also shut down […]

    Aviation
    airbnb

    Airbnb freezes hiring and suspends marketing as coronavirus spreads

    Airbnb will institute a hiring freeze and postpone its marketing as the company deals with the impact of the coronavirus pandemic, a person knowledgeable with the matter said, who asked to remain anonymous, according to CNBC. The founders of the company will also be taking on no salary and its executives will take half salary for the […]

    Aviation
    Cathay Pacific

    Cathay Pacific faces ‘substantial loss’ due to coronavirus

    Cathay Pacific Airways, among Hong Kong’s most prominent businesses, warned Wednesday it is dealing with a “substantial loss” in the first half of this year because of the coronavirus outbreak after last year’s profit dropped amid anti-government protests. The Chinese territory’s main airline canceled 90% of its flight capacity to the mainland China at the […]

    Aviation
    International Air Transport Association (IATA)

    Coronavirus outbreak could cost airlines $113 billion, says airline industry group

    The International Air Transport Association states the coronavirus outbreak that started in China could cost airlines as much as $113 billion in lost revenue because of the collapse of air travel. Representatives of the airline industry group stated Thursday after a working meeting in Singapore that the industry urgently needs assistance from governments in waiving […]

    Aviation
    Aircraft, Boeing 737-800, El Al, Airport, Zurich, Zrh

    FAA seeks $19.7 million fine against Boeing over sensors

    Federal regulators seeks to fine Boeing $19.68 million for setting up sensors that the agency states might not have been compatible with a system pilots use to observe instrument readings. The sensors make it possible for pilots to utilize “heads-up” systems that display altitude, airspeed and other details on a glass screen in front of […]

    Aviation
    airbus

    Airbus defense unit plans to cut over 2,300 jobs

    Airbus has announced that its defense and space division prepares to cut 2,362 jobs by the end of 2021, due to “a flat space market and postponed contracts on the defense side”. In a statement, the aircraft maker stated its defense and space unit has entered the consultation process with the firm’s European works council […]

    Aviation
    airbus

    Airbus sees no short-term benefit from Boeing MAX problems

    Airbus’ CEO stated Thursday that his company observes no short-term benefit from Boeing’s troubles with its grounded 737 MAX due to the rivaling A320 being sold out years ahead. CEO Guillaume Faury stated that safety has been a major concern in the industry. He made the comments during the company’s earnings news conference after it […]

    Aviation
    Cathay Pacific

    Cathay Pacific asks staff to take unpaid leave because of coronavirus

    Cathay Pacific Airways asked its 27,000 workers last week to take three weeks of unpaid leave as the Hong Kong carrier is having a hard time following plunging revenue because of coronavirus outbreak. In a video message to workers, CEO Augustus Tang stated the situation is as grave as the 2009 financial crisis. On Tuesday, […]

    Aviation
    Delta Air Lines

    American Airlines and Delta Air Lines suspend flights related to China

    American Airlines and Delta Air Lines suspend all flights to and from China as the virus called coronavirus spreads. Delta stated it will suspend flights between the United States and China beginning on Sunday until at least April 30, according to a press release. American Airlines has canceled all flights to mainland China. It confirmed […]

    Aviation
    Delta Air Lines

    Delta Air Lines fined $50,000 for booting off 3 Muslim passengers

    Delta Air Lines is being fined $50,000 for asking three Muslim passengers to get off planes even after the airline’s own security officials had cleared them to travel. Delta rejected that it discriminated against the passengers in two different incidents but agreed it could have managed the situations differently, according to a consent order issued […]

    Aviation

    If you're planning an Off-Road Adventure into the outback, as a minimum, you’ll need an air compressor. Be sure to read this guide to choose the best off road 12 volt air compressor.