Having announced two weeks ago that it was to retire 34 Boeing 757s and 17 Boeing 767s, American Airlines has announced that with the dramatic downturn in world travel, it will now be retiring 76 Boeing 737s that the carrier acquired between 1999 and 2001. In addition, it will also be retiring nine Airbus and […]
American Airlines uses COVID-19 disruption to retire vintage 737s and other jets Read More »
The executive board of MTU Aero Engines AG resolved to withdraw the guidance for the financial year 2020. The company’s decision is based on the assessment of market scenarios presently deemed likely, and on a catalogue of expenditure reduction measures. The previous guidance was published on February 20, 2020, already with the reservation to review
MTU Aero Engines AG withdraws guidance 2020 Read More »
Acro Aircraft Seating has appointed Neil Cairns as the company’s Chief Executive Officer effective from March 9, 2020. Cairns brings with him many years’ aerospace seating experience, covering products in all seating classes. He has a wide-ranging track record of lean process improvement and performance improvement, most recently holding positions as the Vice President and
Acro Aircraft Seating appoints new CEO Read More »
Dubai Aerospace Enterprise (DAE) has ended the first-quarter 2020 with available liquidity of approximately US$2.8 billion. DAE’s owned, managed and mandated-to-manage fleet exceeded 400 aircraft. During the first quarter, DAE sold or novated 15 aircraft, acquired four aircraft and transitioned or extended leases on eight aircraft. Firoz Tarapore, DAE’s CEO said, “In these unprecedented times,
DAE ends first-quarter 2020 with available liquidity of US$2.8 billion Read More »
TUI AG has received the approval of the German government for a bridging loan of €1.8 billion from the KfW. The funds from Germany’s state-owned development bank are to be used to increase TUI’s existing credit line with its banks amounting to €1.75 billion (Revolving Credit Facility). The KfW bridging loan is subject to the
TUI Group receives KfW bridging loan of €1.8 billion Read More »
Transport Canada Civil Aviation has approved Aeronautical Engineers’ (AEI) STC (ST01827LA) for the 11-pallet position B737-400SF freighter conversion and the 10-pallet position B737-300SF freighter conversions. Foreseeing an uptick in demand for the B737 Classic freighter programs, AEI initialized the approval process with Transport Canada in the fourth quarter of 2019. In addition to FAA, EASA,
AEI receives Transport Canada approval for B737-300/-400SF conversions Read More »
On January 24, 2020, Avia Solutions Group signed an agreement with BB Holding EHF for the full acquisition of Bluebird Nordic, which entails a 100% stake ownership of the company’s shareholdings. On March, 31, 2020, following the completion of all prerequisites and receipt of relevant clearances from competition authorities, the transaction was finalized. Bluebird Nordic
Avia Solutions Group finalizes acquisition of Bluebird Nordic Read More »
The U.S. Navy has awarded Boeing a US$1.5 billion production contract for the next 18 P-8A Poseidon aircraft. The contract includes eight aircraft for the U.S. Navy, six aircraft for the Republic of Korea Navy and four aircraft for the Royal New Zealand Air Force. The Republic of Korea Navy and Royal New Zealand Air
Boeing receives US$1.5 billion P-8A Poseidon contract Read More »
AeroCentury, an independent aircraft leasing company, has reported a fourth-quarter 2019 net loss of US$7.0 million, compared to a net loss of US$3.8 million for the fourth quarter of 2018. Net loss for the year ended December 31, 2019 was US$16.7 million, as compared to a net loss of US$8.1 million in 2018. The results
AeroCentury reports fourth- quarter 2019 and fiscal year 2019 results Read More »
