All news – Page 727
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AnalysisCFM56 overhaulers see light at end of tunnel
Maintenance companies are confident of a recovery in CFM International CFM56 overhaul shop visits after airlines sharply reduced engine MRO activities amid the pandemic.
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NewsBamboo Airways targets third quarter for IPO
Vietnam’s Bamboo Airways has confirmed that it intends to make its debut on a local stock exchange in the third quarter.
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NewsGECAS-Air China A320neo sale stemmed from prior lease agreement
GECAS’s deal to sell 18 Airbus A320neo-family aircraft to Air China, disclosed on 18 March, stemmed from a previous agreement with the carrier to lease the aircraft, Cirium understands.
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NewsIsrael sets out conditions for alternative El Al financing scheme
Israeli flag-carrier El Al has reached a conditional agreement with the government on an alternative funding scheme, after the airline spent several months trying to negotiate a state-backed loan from local banks. El Al and its Sun D’Or airline operation have detailed the financing pact under which the Israeli state ...
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NewsSaudia seals SR11.2bn funding for 787 and A320neo fleet expansion
Saudi Arabian flag-carrier Saudia has signed an SR11.2 billion ($3 billion) financing agreement which will partly cover the acquisition of 73 aircraft. The airline describes the aircraft as “previously announced” and comprising eight Boeing 787-10s, 35 A321neos – of which 15 are the long-range A321XLR – and 30 A320neos. Saudia ...
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NewsKorean eyes end-June for Asiana deal closure
Korean Air tentatively believes that its acquisition of rival Asiana Airlines will close by the end of June, following the submission of its post-merger integration plan.
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NewsSingapore and New Zealand in talks to sync Covid-19 documentation
Singapore is in talks with New Zealand to harmonise the recognition of Covid-19 documentation, with the aim of restarting travel.
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NewsChina Airlines appoints company veteran as new president
China Airlines has promoted Shing-Hwang Kao, a company veteran of over 35 years, to become its new president.
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NewsFormer SpaceX engineers propose two-stage eVTOL for regional, military use
Two former SpaceX engineers are proposing a two-stage electric vertical take-off and landing (eVTOL) aircraft for regional cargo and passenger flight, as well as for US military missions.
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NewsCanada’s TSB chief faults Iran’s 737 shoot-down report
The head of the Transportation Safety Board of Canada (TSB) has taken the unusual step of criticising Iran’s conclusions into the downing of Ukraine International Airlines flight 752.
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NewsAir China strikes deal with GECAS unit to acquire A320neos
Air China has disclosed plans to acquire 18 Airbus A320neos from GECAS subsidiaray AFS Investments.
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NewsUIA 737 shootdown: Simulation supported air defence ‘misalignment’ theory
Judicial investigators carried out a simulation of the air defence system error which, according to an Iranian inquiry, led to the missile launch that destroyed a Ukraine International Airlines Boeing 737-800 over Tehran. Two air defence units were placed at the same location as the one involved in the shootdown ...
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NewsIAI reports record revenues and profits, despite Covid-19
State-owned aerospace and defence company hits $4.18 billion in sales as it finishes 2020 firmly in the black.
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NewsExtent of initial missile damage to shot-down 737 remains unclear
Few details on the immediate effect of an Iranian surface-to-air missile strike that brought down a Ukrainian Boeing 737-800 over Tehran have emerged in the investigators’ final analysis. Although the Iranian Civil Aviation Organisation has published the flight-data recorder traces from the Ukraine International Airlines jet, shot down on 8 ...
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NewsGol tweaked 737 leasing agreements in January
Gol renegotiated aircraft leasing agreements January, securing new terms that the airline says will save it R1.2 billion ($216 million) over one year.
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NewsGol’s 2020 loss nears R5bn despite profitable final quarter
Brazil’s Gol swung to a profit in the fourth quarter of 2020, though substantial losses in the first nine months of the year left the Sao Paulo-based airline with a full-year loss of R4.9 billion ($881 million).
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NewsIAG to raise €1 billion through bond issue
IAG has issued two tranches of senior unsecured bonds to raise a total of €1 billion ($1.19 billion), which it will use to shore up liquidity and for other general corporate purposes.
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NewsRostec embarks on broad consolidation of aircraft programme management
Russian state technology firm Rostec is to bring United Aircraft, Sukhoi and MiG under a single aircraft programme centre to consolidate management and other assets into one corporate entity. It will also establish a unified centre for design competency. The intention is to reduce non-production costs and debts, and optimise ...
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NewsAzul eyes 40% annual cargo revenue surge
Azul founder David Neeleman anticipates the Brazilian airline’s cargo business will take off in the coming years thanks to booming growth of e-commerce in Latin America.
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NewsA350 recruited for emissions analysis of wholly-sustainable fuel flights
Airbus and Rolls-Royce are participating in a study to examine in-flight emissions from commercial aircraft powered entirely by sustainable aviation fuel. The study involves monitoring emissions from an Airbus A350-900, both on the ground and in the air. Sustainable fuel will be supplied by Neste and the study will include ...