All news – Page 901
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News
Indonesia cleared to buy eight MV-22 Ospreys
The US government has cleared the sale of eight Bell Boeing MV-22 Block C Osprey tiltrotors to Indonesia. If concluded, the deal is valued at $2 billion and would be conducted under the US government’s Foreign Military Sales process, says the Defense Security Cooperation Agency (DSCA). Source: US ...
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News
Trent-powered 787 operators to check for disc fin cracks
Operators of Rolls-Royce-powered Boeing 787s are set to be instructed to conduct inspections of certain Trent 1000 low-pressure turbine discs, over a possible cracking risk. Assessment of certain discs in service has revealed that rubbing contact with interstage static seals can lead to cracks in the front seal fins – ...
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News
ATR 42-600 commences Chinese certification testing
ATR has embarked on flight testing to obtain Chinese certification for its ATR 42-600 turboprop. The airframer says the initial 3h test was conducted from Toulouse’s Francazal airport, which is located some 10km south of the city’s main Blagnac airport. China’s civil aviation administration CAAC co-operated with the European Union ...
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Interview
Jim Noonan maximises the value of business aircraft for Global Jet Capital
Jim Noonan is senior managing director for the asset management arm of Global Jet Capital. The US aircraft finance and leasing company has a portfolio of more than 140 clients representing a mix of corporations and high-net-worth individuals
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News
El Al could be renationalised as it opts for share issue
Israeli flag-carrier El Al has given up pursuing a $400 million state-backed loan and opted for an alternative fundraising package which could result in the airline being renationalised. El Al’s board has chosen a $250 million bank loan, which would have a state guarantee, alongside a $150 million share issue, ...
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News
Administrator trims Piaggio bidders as due diligence starts
Piaggio Aerospace’s administrator has invited 11 of the 19 bidders for the company to enter due diligence, and says he is confident a suitable buyer can be selected before year-end, with the deal to close in the first half of 2021.
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News
Pandemic pushes AirAsia into the red
AirAsia Group slipped to a MYR953 million ($223 million) net loss in the first quarter, down from a MYR102 million profit in the same three-month period of 2019, as Covid-19 caused demand to plummet.
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News
MTU to cut workforce by up to 15%
German engine specialist MTU will cut its workforce by up to 15% by the end of 2021 to account for reduced air-transport demand amid the coronavirus crisis. The company says it aims to avoid compulsory redundancies as it seeks to reduce its German and international workforce by 10-15% by the ...
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News
Air Arabia Abu Dhabi to open flights with Egyptian routes
Middle Eastern budget carrier Air Arabia’s new Abu Dhabi-based spin-off is to open services in mid-July with initial operations to two Egyptian cities. Air Arabia Abu Dhabi is to operate to Alexandria, from 14 July, and Sohag from the following day. It will commence services with a pair of Airbus ...
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Analysis
‘Big Three’ service debut marks ARJ21’s day in the sun
It was a sight to behold: three Comac ARJ21 regional jets, parked side by side, the liveries of China’s three largest carriers dramatically reflected on a large puddle of water. When the ‘Big Three’ Chinese carriers - Air China, China Eastern Airlines and China Southern Airlines - each took ...
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News
Japan’s ANA and JAL secure $1.6bn in export-credit guarantees
The Japan Bank for International Cooperation is providing guarantees totalling Y174 billion ($1.6 billion) for aircraft-import loans to ANA Holdings and Japan Airlines. The export-credit agency on 9 June signed an agreement with private financial institutions to provide a Y88.4 billion guarantee against the principal and interest of their loans ...
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News
Initial expressions of interest sought for SA Express jets
Assets of South African regional carrier SA Express, including Bombardier CRJ200 jets, are being advertised online as part of an initial process to obtain expressions of interest, as the airline edges towards liquidation. The airline was placed in provisional liquidation on 28 April but a final liquidation order has been ...
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News
Taiwanese probe A330 computer failure after wet runway landing incident
Taiwanese regulators are advising Airbus A330 operators to consider the effects of wet runways on aircraft deceleration after a near-overrun incident at Taipei’s Songshan airport. As the aircraft landed on the wet runway and the thrust reversers were activated, says the Taiwan Civil Aeronautics Administration, the crew “noticed the loss” ...
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News
Ethiopian 787 hit lighting mast after being sent to wrong de-icing stand
Norwegian investigators have revealed that a de-icing vehicle driver vainly attempted to stop an Ethiopian Airlines Boeing 787-9 from taxiing onto the wrong de-icing stand, before the jet’s right wing struck and felled a lighting mast at Oslo Gardermoen. The aircraft (ET-AUP), which was preparing for departure to Stockholm and ...
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News
Air France to shed over 7,000 jobs as part of €7 billion bail-out
Air France will shed almost 7,600 jobs over the next three years in an accelerated restructuring implemented in parallel with €7 billion ($7.9 billion) worth of government-backed loans.
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News
EU approves Latvian government’s €250 million aid for Air Baltic
Air Baltic’s €250 million ($281 million) government bail-out, taking the form of an equity investment, has received the green light from the European Commission.
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News
Pilot stand-off piles more pressure on El Al
Israeli carrier El Al is putting another 400 personnel on furlough after the carrier’s pilots chose not to operate a number of the airline’s services. The airline had been operating a limited number of passenger and cargo services from Israel, although its scheduled passenger flights had been suspended until 31 ...
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News
Control-check ‘routine’ led E190 upset crew to miss reversed ailerons
Investigators have suggested that familiarity with routine, combined with expectation bias, led the crew of an Embraer 190 to miss clues that the jet’s aileron cables had been cross-rigged during maintenance. The Air Astana aircraft had emerged from maintenance at Portuguese firm OGMA during which the aileron cables were inadvertently ...
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News
Close to 400 cancellations so far in 2020, driven by 737 Max
As 2020 passes its halfway point, fleets data from Cirium reveals that the mainline aircraft manufacturers have suffered almost 400 cancellations so far - 80% of which are for the Boeing 737 Max.
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News
Finnair raises €501m from oversubscribed share offering
Finnair has disclosed that investor have oversubscribed by nearly 11% to a new share issue intended to reinforce the Nordic company’s liquidity. The company says it will receive net proceeds of around €501 million. Finnair received subscriptions for more than 1.416 billion shares against the 1.279 billion on offer. The ...