December 12, 2019

Southwest reaches partial settlement with Boeing for MAX grounding compensation

Southwest Airlines (Southwest) has confirmed that it has reached a confidential agreement with The Boeing Company for partial settlement of an ongoing claim for damages the American carrier has suffered as a consequence of the grounding of the 737 MAX in March. Southwest has also confirmed its Board of Directors has authorized a discretionary, incremental […]

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Apollo and Athene close acquisition of GE Capital’s PK AirFinance debt business

Financial

Apollo Global Management, Athene Holding and GE Capital, the financial services arm of GE have closed their previously announced transaction for Apollo and Athene to purchase PK AirFinance, an aviation lending business, from GECAS, GE Capital’s Aviation Services unit. In connection with this transaction, Apollo has acquired the PK AirFinance aircraft lending platform and Athene

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Air Canada’s first A220-300 takes to the skies

Aircraft & Engines

Air Canada’s first A220-300 aircraft has successfully completed its inaugural test flight from the Mirabel A220 final assembly line in Canada. The first of 45 A220 aircraft for Air Canada is scheduled to be delivered to the Montreal-based airline in the coming weeks. With its first A220 commercial flight in early 2020, Canada’s flag carrier

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Airbus acquires industrial automation company, MTM Robotics

Financial

Airbus has acquired industrial automation company, MTM Robotics, for an undisclosed sum. The move deepens Airbus’ commitment to expanding advanced robotics capabilities within its manufacturing processes. The MTM business will retain its current leadership and 40-person staff, as well as its facility in Mukilteo, Washington, near Seattle. The acquisition is the latest chapter in a

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Volocopter first eVTOL startup to receive Design Organisation Approval by EASA

MRO & Production

Urban Air Mobility pioneer Volocopter has released that the European Aviation Safety Agency (EASA) has awarded the company Design Organisation Approval (DOA) following a series of thorough audits. The approval is a confirmation by EASA that Volocopter is performing its tasks as an aircraft manufacturer in a controlled and safe manner. As an approved Design

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Recaro Aircraft Seating expands production facilities in China

MRO & Production

Recaro Aircraft Seating has inaugurated its newly expanded production facility in Qingdao, China on December 9. The inauguration concludes the second phase of the space2grow initiative, a major global expansion project Recaro started last year to support its continued growth. With its new expanded facilities, Recaro Aircraft Seating China will be equipped to take on

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Jetaire receives ANAC certification for B737 series

MRO & Production

Jetaire has received certification from the National Civil Aviation Agency of Brazil (ANAC) for its Invicta™ Reticulated Foam Ignition Mitigation system for the B737 (300-800) series aircraft (Certificate #2019S11-06). Invicta is Jetaire’s innovative solution for fuel tank flammability reduction (FTFR) compliance. Jetaire is the original developer of the Invicta reticulated foam technology and has the

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First E175-E2 jet completes maiden flight

Aircraft & Engines

The Embraer E175-E2 made its inaugural flight on December 12, from the company’s facility in São José dos Campos. The E175-E2 is the third member of the E-Jets E2 family. The maiden flight kicks off a rigorous 24-month flight test campaign. Embraer will use three aircraft for the E175-E2 certification campaign. The first and second

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Air Partner acquires global aviation security solutions and training company

Financial

Air Partner plc, the global aviation services group, has acquired the entire issued share capital of Redline Worldwide Limited, trading as Redline Assured Security (together “Redline”), a global aviation security solutions and training company. The total consideration payable by Air Partner is up to £10.0 million, on a debt free, cash free basis, with an

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Low-cost airline Wizz Air founds ‘Wizz Air Abu Dhabi’

Airlines & Routes

Eastern European low-cost airline Wizz Air has reached an agreement in principle for the establishment of Wizz Air Abu Dhabi, United Arab Emirates in partnership with Abu Dhabi Development Holding Company PJSC (ADDH). The new airline will be Wizz Air’s first airline established outside of Europe. Wizz Air Abu Dhabi will be formed via a

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Southwest reaches partial settlement with Boeing for MAX grounding compensation

Apollo and Athene close acquisition of GE Capital’s PK AirFinance debt business

Air Canada’s first A220-300 takes to the skies

Airbus acquires industrial automation company, MTM Robotics

Volocopter first eVTOL startup to receive Design Organisation Approval by EASA

Recaro Aircraft Seating expands production facilities in China

Jetaire receives ANAC certification for B737 series

First E175-E2 jet completes maiden flight

Air Partner acquires global aviation security solutions and training company

Low-cost airline Wizz Air founds ‘Wizz Air Abu Dhabi’

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12 December 2019

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