Zombies have earned the label of companies that cannot make a profit in the long run, and their survival depends purely on the external assistance of governments or central banks. “The problem of zombie companies is emerging after every global crisis,” explains Pavel Sobíšek, chief economist of UniCredit Bank. According to him, tens of thousands … Read more
Empty runway at Hahn Airport Because most of the flights were canceled in the corona pandemic, smaller airports lack the money. Does the state have to step in? – (Photo: dpa) – – – – Berlin / Frankfurt Gereon Arens finally wanted to be in the black: for twelve years he had invested in his … Read more
Although Airbus remained in a loss of 767 million euros in the third quarter, the company managed to achieve a positive free cash flow of 600 million euros in the three months to September after a deeply negative two quarters “due to a higher number of aircraft deliveries compared to the previous quarter”. In the … Read more
Letoun Boeing 737 Max | photo: AP – <!—-> However, the loss eased significantly compared to the previous quarter, when it amounted to $ 2.4 billion (56 billion crowns). Revenue fell 29 percent to $ 14.14 billion ($ 330 billion). The covid-19 pandemic almost stopped air traffic and pulled large airlines to the brink of … Read more
The imposition of tariffs by the European Union (EU) was approved two weeks ago by the WTO arbitration body, and at Monday’s meeting the tariffs were finally approved by the Dispute Settlement Body. The US delegate to the WTO called on the EU not to introduce tariffs, as the state of Washington has already stopped … Read more
After a few months’ delay, KLM will say goodbye to the Boeing 747 on Sunday. The ‘Queen of the Skies’ was used for cargo flights for a few more months, but after Sunday the iconic blue aircraft will never land in the Netherlands again. Anyone who took a look at the parked aircraft at or … Read more
The Boeing 737 MAX, the aircraft that has been grounded after two fatal accidents since March 2019, is safe to fly. The CEO of the European aviation agency EASA said this on Friday. – By the end of the year, the Boeing 737 MAX should be able to fly again in Europe. The 737 Max … Read more
This incredible Boeing 929 hydrofoil is called Tobby 3 and has sailed off Kagoshima, Japan. Admiring it sailing is a spectacular experience because, thanks to its special structure, which allows it to reach very high speeds, it seems to proceed flying over water. (YouTube – earlgreyv3) – below) // the var will be used by … Read more
October 13, 2020 16u50 Source: Belga REUTERS Illustration image – Economy As expected, the World Trade Organization (WTO) has authorized the European Union to impose import duties on products from the United States. This is a new step in the more than 15 years old conflict between the EU and the US about state aid … Read more
A committee of the US House of Representatives released a damning report on Wednesday about the developments around Boeing’s 737 MAX aircraft. Not only the American aircraft manufacturer will be beaten, the American aviation authority FAA will also suffer. – The 250-page report came about after an 18-month investigation by the Transport and Infrastructure Committee. … Read more