May 16, 2019

Lilium unveils on-demand all-electric jet-engine taxi after successful maiden flight

Munich, Germany-based Lilium has unveiled its latest all-electric jet-powered five-seat taxi which has the capability and range to enable it to fly up to 300km in just 60 minutes with zero emissions. The Lilium Jet has been developed as part of a revolutionary on-demand air taxi service. The prototype was shown off for the first […]

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Air Canada enters into agreement to purchase all outstanding Transat A.T. shares

Financial

Air Canada has entered into an exclusive agreement with Transat A.T. (Transat) regarding the proposed purchase by Air Canada of all issued and outstanding shares of Transat and its combination with Air Canada. The proposed transaction, valued at approximately CA$520 million or CA$13.00 per share of Transat (on a fully-diluted basis), will create a Montreal-based

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Pegasus Universal to debut new ‘vertical take-off’ business jet concept

Aircraft & Engines

Pegasus Universal Aerospace from South Africa is making its debut at EBACE 2019 (May 20 to 23) to showcase the pioneering work it has achieved with Pegasus One, its revolutionary Vertical-Business-Jet VBJ™. Founding Chairman and visionary Dr Reza Mia is showing a two-by-two metre model of the ground-breaking design, which combines the convenience of helicopters

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SIA Group posts lower profit for full year 2018/19

Financial, Uncategorized

The SIA Group has reported a solid operating profit of S$1,067 million for the 2018/19 financial year amid a challenging market environment, with Transformation initiatives contributing to a record revenue performance. Although a decline from last year’s operating profit of S$1,549 million (S$482 million lower or -31.1%), the Group’s underlying performance was strong against the

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Aviation industry players collaborate on first regional aviation ‘Perfect Flight’ in Sweden

Airlines & Routes

On May 16, a number of companies from across the aviation sector have risen to the challenge of turning a typical weekday service from Halmstad City airport (HAD/ESMT) to Stockholm Bromma airport (BMA/ESSB) into the ‘Perfect Flight’. This is the first time that every element in the flight management process on a regional flight has

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Alcoa and United Steelworkers union extend negotiations on labor agreement for five U.S. locations

Other News

Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, has agreed to extend the existing labor contract with the United Steelworkers to reach a new multi-year labor agreement covering approximately 1,700 active employees at five U.S. locations. The Company and the union have agreed to recognize the existing contract, which was set to

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HOP! selects Turbonycoil 600 for its fleet of Embraer, CRJ and ATR

MRO & Production

HOP!, Air France regional subsidiary, has selected Turbonycoil® 600, a synthetic standard turbine oil, for use in its mixed fleet. HOP!’s current fleet consists of 13 Embraer 170 and 10 Embraer 190 powered by GE- CF34 engines, 13 Embraer 145 powered by Rolls-Royce AE3007A, 11 CRJ 700 and 14 CRJ 1000 also powered by GE-

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Rotable Repairs completes relocation of new wheel and brake facility

MRO & Production

Wheel and brake MRO services provider Rotable Repairs, has completed the move into the new 49,000 ft² wheel and brake facility in Essex, United Kingdom. With the CAA’s oversight, the phased transition went without a hitch or without impacting production. The company is now set to take triple its capacity, strategically planned the wheel and

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AviaAM Financial Leasing China adds Emirates to client portfolio

Aircraft & Engines

AviaAM Leasing, a global aviation holding company engaged in tailored aircraft leasing and trading services, has announced that its joint venture with the Henan Civil Aviation Development and Investment Company (HNCA) – AviaAM Financial Leasing China – has recently acquired one more Boeing 777-300ER. The aircraft equipped with GE90-115BG03 engines joined the fleet with a

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Finnair starts codeshare cooperation with Juneyao Air