Michael O’Leary, the abrasive CEO of Ryanair, Europe’s largest low-cost carrier, is to step down from the role of day-to-day running of the airline to take up a new role as CEO of a restructured Ryanair overseeing CEOs of the company’s four airlines – Ryanair DAC, Ryanair Sun, Ryanair UK and the newly acquired Laudamotion. […]
O’Leary moves away from Ryanair front line Read More »
Delta Air Lines has released its operating performance report for January 2019. Delta states that it carried 14.1 million customers in its network. Total system traffic for the month increased by 5.9% this year. The load factor for January remained flat at 79.7%., while total capacity over the previous year improved by 5.9%.
Delta reports operating performance for January 2019 Read More »
Alain Flourens, currently Head of Engineering for Airbus Helicopters, has been appointed Head of Industry for Airbus Helicopters, following Christian Cornille’s departure from Airbus. Flourens will be replaced in his current position by Stefan Thomé, currently Head of New Business Models & Services at Airbus Defence and Space. These management changes are effective on April
Airbus Helicopters appoints new Executive Committee members Read More »
The Qantas Group has taken a new shareholding position in an industry-leading carrier. Qantas has announced it will buy a 19.9% stake in Alliance Airlines, costing AU $60 million. This indicates an average share price of AU$2.40 per share. Alliance Airlines is a major service provider to the Australian resources sector. Consequently, Alliance creates continued
Qantas Buys 19.9% Stake in Alliance Airlines Read More »
Airbus has transferred the first of 100 A321neo’s, powered by the CFM International LEAP-1A engine, to American Airlines. The first A321neo left Hamburg early Friday morning bound for Pittsburgh, PA. Subsequently, American Airbus technicians in Pittsburgh are currently preparing the aircraft, MSN8647, for its first customer flights
American Airlines Receives its First A321neo Read More »
Eirtech Aviation has announced the opening of its newest office in Dublin city centre. The office will be staffed with Sales, Engineering and CAMO personnel who will be readily available to meet with customers as required. The office will be open from Monday 4th February 2019 and will enable Eirtech to respond to the growing
Eirtech Aviation opens Dublin office Read More »
Air Canada and Chorus Aviation, the parent company of Jazz Aviation (Jazz), finalized their Capacity Purchase Agreement (CPA) this week. Air Canada and Chorus Aviation have confirmed that all conditions have been met, and that the amended and extended CPA can proceed as planned. The improved CPA, retroactive as of January 1, was announced on
Magnetic MRO, a global provider of Total Technical Care for aircraft operators and lessors, issued bonds in total aggregate value of €8 million. The company has submitted an application to Nasdaq Tallinn Stock Exchange Listing & Supervisory Committee for listing the bonds on the multilateral trading facility First North. Capital raised with the bond issue
Magnetic MRO issued bonds in nominal value of €8 million Read More »
BlocBox has announced the addition of a new member to its advisory board; Priveen Raj Naidu, who is currently the Founder and Chief Executive Officer of Reapra Aviation Partners (RAP), an aviation subsidiary of Reapra. As one half of the two-member team that set up AirAsia in Singapore back in 2003, Priveen has extensive experience
Priveen Raj Naidu joins BlocBox Advisory Board Read More »
With current debts of approximately US$1.14 billion resulting mainly from fierce competition, high oil prices and the depreciation of the rupee, India’s Jet Airways has agreed to the majority of terms laid down by Gulf carrier Etihad Airways (Etihad) in a much-needed financial bail-out and company ownership restructuring. Currently, Etihad holds a 24% stake in
India’s debt-ridden Jet Airways handed lifeline by Etihad Read More »
