21 September 2020

Rolls-Royce looks to raise £2.5 billion to counteract effects of COVID-19

Financial, Top Stories

Rolls-Royce, the British jet engine manufacturer, has announced its intention to raise approximately £2.5 billion in an attempt to strengthen its balance sheet as the continued effects of the COVID-19 pandemic affect demand both for jet engines and ancillary services. One of the options being considered by the company is a rights issue, though debt […]

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Delta and LATAM receive approval in Brazil for joint venture

Airlines & Routes

Delta Air Lines (Delta) and LATAM Airlines Group S.A. and its affiliates (LATAM) have received regulatory approval for their trans-American Joint Venture Agreement (JVA) from Brazil’s competition authority, the Administrative Council for Economic Defense (CADE). The proposed JVA between Delta and LATAM, which was presented to the CADE on July 14, 2020,was approved without conditions,

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Air Lease Corporation delivers one new Airbus A350-1000 aircraft to Virgin Atlantic

Aircraft & Engines

Air Lease Corporation (ALC) has announced the delivery of one new Airbus A350-1000 aircraft on long-term lease to Virgin Atlantic.  Powered by Trent XWB-97 engines, this aircraft is the first of four A350-1000s confirmed to deliver to the airline from ALC’s order book with Airbus.  “We are pleased to announce this first new A350-1000 aircraft

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Collins Aerospace announces new orders for C-130 NP2000 propeller system

Military & Defense

Collins Aerospace Systems has been selected to deliver NP2000 propeller systems for an additional 30 Lockheed Martin C-130H aircraft for the U.S. Air National Guard (ANG) and Air Force Reserve (AFR). With its eight composite blades and digital Electronic Propeller Control System (EPCS), the NP2000 offers a number of benefits compared to legacy systems including:

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Boeing receives order for two 737-800 BCFs from unidentified customer

Aircraft & Engines

Boeing has received a firm order from an unidentified customer for two 737-800 Boeing Converted Freighters (BCFs), as well as agreements to open additional conversion lines in Guangzhou, China, and Singapore to meet strong market demand. Based on the Next-Generation 737, the 737-800BCF offers operators new technology, low fuel consumption and high reliability. Primarily used

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