Embraer has secured a $200 million loan to buy 170/190 production components and parts. The seven-year syndicated loan is led by Sumitomo Mitsui Banking and was co-arranged by ABN Amro Bank, Crédit Lyonnais and Société Générale. Nippon Export and Investment Insurance, the Japanese government's export credit agency, is the commercial and political risk insurer.
Source: Flight International
Cockpit crew representatives have asked Airbus’s leadership to reconsider its exploration of single-pilot operations, citing the recent IT-related air transport disruption as illustrating the risks of over-reliance on technology. Three pilot associations – the US ALPA International, Europe’s ECA, and international federation IFALPA – have written to Airbus chief Guillaume ...
Russian flag-carrier Aeroflot has filed a claim against aerospace firm Yakovlev with the Moscow arbitration court. While the fundamental argument and details of the case have not been revealed, the claim sum disclosed by the court filing is just under Rb7.3 billion ($86 million). Yakovlev is the manufacturer of Superjet ...
Elevated costs, production slowdowns and delayed 737 fuselage deliveries drove aircraft structures producer Spirit AeroSystems to a $415 million loss in the second quarter of 2024.
