Australia’s largest regional carrier Regional Express (Rex) has launched a A$35 million ($26 million) initial public offering. Rex is offering 35 million shares at A$1 each in the 30% offering. Proceeds will fund Rex’s A$12 million purchase of Pel Air. A further A$6.65 million will go towards new aircraft purchases, with secondhand Saab 2000s the most likely candidates to join its fleet of 21 Saab 340s and six Fairchild Metro 23s.
Source: Flight International
Airbus is implementing a short-term cost-containment programme intended to support its production ramp-up efforts. Speaking during a first-half briefing, chief executive Guillaume Faury said the aim of the programme – which has been designated ‘Lead’ – is to prioritise serving the ramp-up and financial performance, and avoid being “distracted”. He ...
Airbus’s adjusted earnings for its commercial aircraft division were down by 13% to €1.95 billion ($2.11 billion) over the first half, as investments for future preparation offset the increase in deliveries. The airframer delivered 323 commercial aircraft over the first six months – up on the previous 316 and lifting ...
Embraer’s automatic take-off system for the E2 is intended to offer increased range by balancing various criteria in order to ensure greater accuracy and efficiency during rotation. The airframer aims to make the Embraer Enhanced Take-off System – or E2TS – available from the fourth quarter of next year. Embraer ...
