Airbus is ‘bleeding cash’ says Guillaume Faury, CEO

European plane maker Airbus has told its 135,000 employees to brace for potentially deeper job cuts amid the Covid-19 crisis, as the company’s survival is at stake without immediate action. CEO Guillaume Faury said in a letter to staff the company is “bleeding cash at an unprecedented speed” and that the recent drop of a…

Thunderbirds and Blue Angels will fly over New York City, Newark, Trenton and Philadelphia as tribute to frontline COVID-19 responders

The U.S. Air Force Air Demonstration Squadron, the Thunderbirds, and the U.S. Navy Flight Demonstration Squadron, the Blue Angels, will honor frontline COVID-19 responders and essential workers with formation flights over New York City, Newark, Trenton and Philadelphia Tuesday April 28. A formation of 6 F-16C/D Fighting Flacon and 6 F-18C/D Hornet aircraft will conduct…

ALERT Italian government to take full control of Alitalia

The Italian government will take full control of Alitalia in June, Industry Minister Stefano Patuanelli said on Thursday, adding the airline would have gone bust due to the coronavirus crisis otherwise. Speaking before a parliamentary committee for transport, the minister said the government would create a new company at the beginning of June that would…