All articles by Pilar Wolfsteller – Page 84
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NewsJoby Aviation and Toyota team up to develop eVTOL
Joby Aviation, a California-based aerospace company building small electric take-off and landing (eVTOL) vehicles for potential air taxi service, says it has raised $590 million in Series C funding led by Toyota Motor Corporation.
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NewsCredit Suisse launches aviation financing subsidiary
Credit Suisse says it has launched an aviation liquidity subsidiary which aims to assist actors in the aviation and air transport industry manage short-term transactions involving leased aircraft.
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NewsDelta 777 dumps fuel on schoolchildren before making emergency landing
Delta Air Lines says that one of its aircraft dumped fuel over suburban Los Angeles as it was returning to Los Angeles international airport after declaring an emergency, slightly injuring 17 children and nine adults who were outdoors on a school playground.
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NewsAmerican says Boeing 737 Max will return to its schedule in June
American Airlines says it does not expect the Boeing 737 Max to return to service before June, as the beleaguered aircraft’s grounding extends into its 11th month following two fatal accidents.
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NewsDelta posts strong 2019 results with expanded global reach and non-737 Max fleet
Delta Air Lines, the only major US airline without Boeing 737 Max in its fleet, posted strong full-year 2019 results, as passenger demand rose and the carrier benefitted from rivals’ difficulties with the grounded aircraft.
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In depthEmbraer eyes exit from anti-trust limbo
Brazil’s Embraer ended 2019 facing some big tasks in 2020. With the first two members of its new three-aircraft E2 series of commercial aircraft performing well so far and the other in flight-testing, the regional jet manufacturer is anxiously awaiting regulatory approval to split off its commercial aircraft division and ...
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NewsBoeing executives Muilenburg and McAllister forfeit equity benefits
In a regulatory filing to the US Securities and Exchange Commission, Boeing says that its former chief executive Dennis Muilenburg did not receive a severance or separation payment when he left the company late last year, forfeited numerous equity benefits and will not receive a bonus payment for 2019.
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NewsFAA proposes to fine Southwest Airlines $3.9m for incorrect weight and balance data
The FAA has proposed to levy a $3.9 million fine on Southwest Airlines for operating more than 20,000 commercial flights with incorrect weight and balance calculations, potentially putting the safety of the flights into question.
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In depthBoeing releases ‘damning’ employee correspondence about Max
Boeing has released more than a hundred pages of documents to the US Congress, including internal text messages and emails which include language that mocks airline customers, the Federal Aviation Administration and other regulators, as the planemaker navigated the certification process of the now-grounded 737 Max.
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NewsEmbraerX and Elroy Air collaborate on drone delivery systems
EmbraerX, the Brazilian planemaker’s innovation subsidiary, says it has signed a collaboration agreement with Silicon Valley drone delivery startup Elroy Air to develop the air cargo market worldwide.
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NewsAtlas Air to fly cargo for El Al
Aircraft lessor and air freight company Atlas Air Worldwide Holdings says its Atlas Air unit will be flying cargo for Israel’s flag carrier El Al beginning this month.
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NewsSpirit Airlines finalises Airbus order for 100 aircraft
Airbus says that US ultra-low-cost carrier Spirit Airlines has finalised an order of 100 A320neo family aircraft as it renews its fleet and aims to grow by double-digits through the mid 2020s.
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NewsAmerican Airlines and Boeing agree on 737 Max compensation
American Airlines says it has come to a confidential agreement with Boeing to compensate it for the losses it incurred due to the grounding of the 737 Max following two fatal accidents, and that it will be sharing the compensation with its employees.
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NewsQuantum Air choses OSM to train its pilots
OSM Aviation Academy, a Scandinavian pilot training company with a location in San Diego, says that start-up air taxi operator Quantum Air has chosen the academy as a preferred pilot training partner.
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NewsJetBlue to be first major US airline to offset all emissions from domestic flights
US low-cost carrier JetBlue says that it will offset all of its emissions from domestic flights beginning in July 2020, becoming the first major US airline to do so in an effort to reduce its carbon footprint from flight operations.
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NewsGulf Air and Royal Jordanian suspend service to Iraq amid regional tensions
The Kingdom of Bahrain’s flag carrier Gulf Air and Jordan’s Royal Jordanian Airlines say they have suspended service to Iraq after a sharp escalation of political tensions in the region.
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NewsAmerican Airlines expects to share 737 Max compensation with employees
American Airlines says it is still negotiating a compensation agreement with Boeing for the grounding of the airline’s 737 Max fleet, now in its 10th month, and that it expects to share the proceeds with its employees.
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NewsAir Kiribati takes delivery of first Embraer 190-E2
Air Kiribati, the flag carrier of the central Pacific island nation of the same name, has taken delivery of the first of two Embraer E190-E2 jets, giving it the ability to significantly expand its footprint and directly connect parts of its far flung republic which comprises 32 atolls and one raised coral island across all four hemispheres.
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NewsBombardier G5500 and 6500 gain FAA certification
Bombardier says that its Global 5500 and 6500 have received FAA certification, completing its approval requirements in three of the world’s major jurisdictions and allowing it to begin delivery of the aircraft to customers.
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In depthSouth American aviation runs into headwinds
Social unrest, political upheaval and economic uncertainty continue to drag on South America’s airlines, even though the continent is considered one of the most underserved regions in the world in terms of air travel. Argentina, Brazil and Chile, the continent’s three major economic drivers, face a diverse set of challenges ...