Transaero has been declared bankrupt by the Commercial Court of St. Petersburg and Leningrad Region. Bankruptcy proceedings have been initiated for a period of six months. In March, 2015 the airline was unable to pay debts which had accumulated to the level of 77 billion rubles (approximately US$1.1 billion). Plans for Aeroflot to take over […]
Russia’s Transaero Airlines has been declared bankrupt Read More »
Ryanair has released that it would cancel 40-50 flights daily for the next six weeks (to the end of October) to improve its system-wide punctuality which has fallen below 80% in the first two weeks of September through a combination of ATC capacity delays and strikes, weather disruptions and the impact of increased holiday allocations
Ryanair to cancel 40-50 flights daily for the next six weeks to improve punctuality Read More »
Inmarsat a leading provider of global mobile satellite communications, has signed a strategic agreement with Rockwell Collins for the global distribution of its next-generation SwiftBroadband-Safety (SB-S) flightdeck connectivity solution. The agreement builds on a successful long-term strategic relationship between the two companies and will bring new levels of safety and operational efficiency to the aviation
Pratt & Whitney has commissioned a new fan blade manufacturing facility at its AutoAir plant in Lansing, Michigan. The new 93,000 ft² facility adds to an already existing GTF fan blade production line in Lansing and is one of 30 dedicated manufacturing, production or assembly locations across the globe performing work on various parts and
Pratt & Whitney's new fan blade manufacturing facility brings capacity online Read More »
Boeing has selected Triumph Group, as a major supplier for its T-X Air Force training jet. If the Air Force awards the contract to Boeing, Triumph’s Aerospace Structures business unit, located in Red Oak, Texas, will supply the wing, vertical tail and horizontal tail structures, with opportunities for additional work, generating 950 direct and indirect
Boeing selects Triumph Group as major supplier for U.S. Air Force T-X Offer Read More »
The Airbus U.S. Manufacturing Facility in Mobile has reached a key milestone as it has received the 50th shipset of major component assemblies (MCAs) just two years after taking delivery of the first shipset. The components will eventually become the 50th Airbus aircraft produced in the U.S. A shipset includes front and aft fuselage sections,
Airbus U.S. manufacturing facility receives 50th shipset Read More »
SAS has reached new agreements with the two Norwegian pilot associations NSF and SNF. The three-year agreement is in line with the agreements recently signed with the Swedish and Danish pilot associations and contains a common ambition to create a long-term profitable SAS. “We are pleased that we have now reached new agreements, and that
New three-year agreement between SAS and the Norwegian Pilot Associations NSF and SNF Read More »
Avolon, the international aircraft leasing company, has announced the pricing of a private offering by its wholly owned subsidiary, Park Aerospace Holdings Limited, of US$950m aggregate principal amount of 4.500% Senior Notes due 2023, at par, and US$300m aggregate principal amount of 3.625% Senior Notes due 2021 (together with the 2023 notes, the “Notes”), at
Avolon announces pricing of US$1.25bn senior notes offering Read More »
Finnair has increased its capacity to several existing destinations in Germany. As of March 26, 2018, Finnair is adding a fourth daily frequency between Helsinki and Berlin. Furthermore, additional capacity will also be added to the German capital for the upcoming winter season by flying the route with a larger aircraft. In total, Finnair will
Finnair further strengthens its position in Germany Read More »
Jürgen Wienes has been appointed Managing Director of Airbus Bank GmbH by the company’s Supervisory Board, effective as of September 1, 2017. He takes over the management of back-office operations from Franz Plesser, who will leave the Managing Board of Airbus Bank at the end of September 2017. Franz Plesser has been Managing Director of
Airbus Bank announces management changes Read More »
