U.S. airline stocks surged as U.S. lawmakers came much closer to agreeing up to US$32 billion in grants, as opposed to loans, for passenger and cargo airlines, together with associated contractors. Shares in American Airlines Group Inc rose 35% to $13.90, Delta Air Lines increased 22%, United Airlines went up 25% and JetBlue Airways Corp […]
U.S. airline stocks see massive boost as US$32bn bailout nears approval Read More »
Following Boeing’s announcement to temporarily suspend production at its Washington state facilities, Spirit AeroSystems will also suspend Boeing work performed at its facilities in Wichita, Kansas, and in Tulsa and McAlester, Oklahoma. This action will begin Wednesday, March 25, and last 14 calendar days, until April 8. Spirit will continue to support 787 work for
Spirit AeroSystems suspends Boeing production work for 14-days Read More »
AJW Group has purchased a CFM56-5B4 engine for tear-down in support of expanding engine management programs. The high-quality engine parts will be stored at AJW Group’s HQ in Sussex, U.K. and shipped to its strategic hubs around the world ready for exchange and sale to support its airline customers’ extensive portfolio of A320 family aircraft.
AJW Group purchases CFM5B, A320-engine for tear-down Read More »
Thomas Global Systems has achieved another regulatory certification milestone with receipt of Transport Canada Civil Aviation (TCCA) Supplemental Type Certificate (STC) approval for its TFD-7000 Series plug-and-play LCD flight displays for Boeing 737/757/767 CRT-equipped aircraft. Transport Canada approval of the TFD-7000 Series follows FAA Technical Standard Order (TSO) authorization for Boeing 737/757/767 aircraft in July
Trenchard Aviation Group has appointed Sohaib Ahmed as its Technical Sales Manager. Ahmed has worked in the aviation industry for over eight years and has held several sales positions within aircraft cabin interiors and MRO businesses. With an extensive technical sales background across the aircraft cabin interiors sector, Ahmed has worked with many of the
Trenchard Aviation Group expands sales team Read More »
Bombardier has released that in support of the recent mandates from the Governments of Quebec and Ontario to help slow the spread of the COVID-19 pandemic, it will suspend all non-essential work at most of its Canadian-based operations starting March 24, until April 26, 2020, inclusively. This suspension includes Bombardier’s aircraft and rail production activities
Bombardier suspends work at Canadian operations Read More »
The International Air Transport Association (IATA) updated its analysis of the revenue impact of the COVID-19 pandemic on the global air transport industry. Owing to the severity of travel restrictions and the expected global recession, IATA now estimates that industry passenger revenues could plummet US$252 billion or 44% below 2019’s figure. This is in a
Norwegian has reported that two Nordic banks have obtained credit committee approval to provide a guarantee for the required 10% for the first tranche of NOK 300 million. Norwegian will secure the necessary headroom to pursue further guarantees from the Norwegian Government. On March 19, the Norwegian Government proposed a guarantee of NOK 6 billion
ePlane, the advanced AI driven, B2B Sourcing and Business Intelligence platform for the Aerospace Parts and Repair markets announced the investment led by major Japanese trading and investing company, Marubeni Corporation, and current investors totaling US$9 million. ePlane is changing the way companies in the Aerospace industry are conducting business. The revolutionary online platform enables
Marubeni Corporation announces investment with Aerospace B2B solutions provider, ePlane Read More »
