Boeing let the midnight deadline on April 24 pass before announcing that it was pulling out of the deal to acquire the commercial aircraft arm of Brazil’s Embraer first agreed in 2018. Boeing has cited that Embraer failed to meet a number of conditions required for the transaction to be closed. Embraer has retaliated by […]
Boeing turns back on US$4.2 billion Embraer deal Read More »
The Supervisory Board of the Latvian airline airBaltic has approved the new business plan of the company, “Destination 2025 CLEAN”. The new business plan, focuses on the impact of the coronavirus crisis and adjustments that have had to be made to the existing five-year strategy. Martin Gauss, CEO of airBaltic: “The new environment of the
Supervisory Board of airBaltic approves new business plan Read More »
The German government and the Hessian state government have pledged their support to Germany’s leisure airline Condor, through a guarantee for a loan from the federal government’s corona-shield program. Condor will receive a loan of €294 million (US$320 million) as corona-aid as well as €256 million (US$279 million) to fully refinance the bridging loan that
Condor continues to fly Read More »
Jazz Aviation and Air Canada, through its freight division Air Canada Cargo, will begin operating the recently approved Dash 8-400 Simplified Package Freighter developed by De Havilland Canada, to short- and medium-haul markets under the Air Canada Express banner. These reconfigured aircraft will carry a total of 18,000 lbs [8,165 kg] of cargo in the
Air Hong Kong, the longest-serving dedicated freighter airline based in Hong Kong, has appointed FLYdocs, a global leader in aircraft transition management, to manage end-of-lease return services for a fleet of two Airbus A330 aircraft. The contract includes digital migration, build and audit, as well as a record project manager for the aircraft transition work.
Air Hong Kong signs lease return services deal with FLYdocs Read More »
Air Arabia Abu Dhabi, the capital’s first low-cost carrier, has received its Air Operating Certificate (AOC), which allows it to start operating from Abu Dhabi as the fifth UAE national airline. Securing the AOC highlights that Air Arabia Abu Dhabi has all the professional capabilities, adheres to all safety regulations needed for aircraft operations and
Air Arabia Abu Dhabi receives Air Operating Certificate Read More »
The latest estimates from the International Air Transport Association (IATA) indicate a worsening of the country impact from the COVID-19 crisis in the Asia Pacific region. On April 14, 2020, IATA released updated analysis showing that the COVID-19 crisis will see global airline passenger revenues drop by US$314 billion in 2020, a 55% decline compared
COVID-19 impact on Asia-Pacific aviation worsens Read More »
Following several weeks of discussions with the French state and banking institutions, the Air France-KLM Group and Air France were able to finalize various components of a support mechanism dedicated to Air France on which principle agreements are being finalized. This support mechanism is comprised of a French state-backed loan of €4 billion (US$4.36 billion)
Air France-KLM Group and Air France secure funding of €7 billion Read More »
