30 June 2020

Major job losses likely at Airbus as world’s leading planemaker targets 40% drop in production

Speaking to German newspaper Die Welt, Airbus CEO Guillaume Faury confirmed plans for the world’s largest planemaker to reduce output by 40% over the next two years to counter the drop in demand for aircraft and delivery delay requests resulting from the effects on global travel by the COVID19 pandemic. The company is now in […]

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Falko adds eleven CRJ900 aircraft to its portfolio in a sale-and-leaseback transaction with Delta Air Lines

Falko Regional Aircraft (Falko), an aircraft operating leasing and asset management company focused on the regional aircraft sector, will add eleven Bombardier CRJ900 aircraft to its portfolio. The aircraft are being acquired in a sale-and-leaseback transaction with Delta Air lines and will continue to be operated as part of the Delta Connection regional network in

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MAC Aero Interiors’ production facility receives Airbus approval to start producing aircraft interiors in Estonia

MAC Aero Interiors, a subsidiary of Magnetic MRO, a global provider of Total Technical Care for aircraft operators and lessors, has had Airbus-approved-supplier status for many years. As a new milestone, the Magnetic MRO facility has received approval from Airbus to start producing interior elements for Airbus aircraft in its production facility located in Tallinn,

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CDB Aviation and SAS agree on lease of four Airbus aircraft

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), announced a new transaction with its long-standing customer, Scandinavian airline SAS, for a fleet of four Airbus aircraft, including three A320neos and one A350-900. The deliveries of these aircraft are expected to occur between June 2020 and May 2022. Torbjørn

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IAI and Iron Drone collaborate to integrate interception capabilities into IAI’s anti-drone system

Israel Aerospace Industries (IAI) and Iron Drone have entered a collaboration agreement for the integration of interception capabilities into IAI’s advanced anti-drone system, Drone Guard. The intercepting drone can be launched during day or night from a docking station that hosts several ready-to-use drones. Several intercepting drones can be launched simultaneously to address several targets

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Airbus successfully concludes Autonomous Taxi, Take-Off and Landing project

Following an extensive two-year flight test program, Airbus has successfully concluded its Autonomous Taxi, Take-Off and Landing (ATTOL) project. In completing this project, Airbus has achieved autonomous taxiing, take-off and landing of a commercial aircraft through fully automatic vision-based flight tests using on-board image recognition technology – a world-first in aviation. In total, over 500

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Jet Linx teams with JSSI Parts & Leasing for procurement

Private jet management and jet card membership company Jet Linx is teaming up with JSSI Parts & Leasing, a division of Jet Support Services (JSSI), to support its aircraft parts procurement function. Nebraska-based Jet Linx provides jet card membership, aircraft management services, and acquisition and sales support to more than 2,300 customers worldwide. The agreement

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