April 26, 2021

Finnair pilots sign new 3.5-year collective labor agreement

Finnish Air Line Pilots’ Association and Service Sector Employers Palta have signed an agreement on a new, 3.5-year collective labor agreement for Finnair pilots. The new CLA is in force until September 30, 2024 and it encompasses several important structural changes that support Finnair’s competitiveness in the fiercely competitive post-pandemic market. These include moving from a service year-based salary structure to a vacancy-based salary structure, and measures enabling balancing the seasonality of …

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JetBlue Technology Ventures invests in Universal Hydrogen

Financial

JetBlue Technology Ventures (JTV), the venture capital subsidiary of JetBlue Airways has announced its investment in Universal Hydrogen, the company fueling carbon-free flights, as part of its US$20.5 million Series A funding round. The financing allows Universal Hydrogen to accelerate the development of its hydrogen logistics network and regional aircraft conversion kits, and bolsters its …

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Leonardo to acquire 25.1% stake in HENSOLDT AG for €606 million

Financial, Top Stories

Leonardo has entered into a definitive agreement with Square Lux Holding II S.à r.l., a portfolio company controlled by funds advised by Kohlberg Kravis & Roberts & Co., to purchase a 25.1% stake in HENSOLDT AG (HENSOLD) for a cash consideration of approx. €606 million or €23 per share. HENSOLDT is a leading European player …

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IAG to power 10% of its flights with sunstainable aviation fuel by 2030

Airlines & Routes

International Airlines Group (IAG) has released that it will commit to powering 10% of its flights with sustainable aviation fuel by 2030. The Group will purchase one million tons of sustainable jet fuel per year enabling it to cut its annual emissions by two million tons by 2030. This equates to removing one million cars …

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Aeromexico eyes US$2 billion in discounts involving 28-plane deal with Boeing

Aircraft & Engines

Having filed for Chapter 11 bankruptcy protection in June 2020, Aeromexico has announced it has struck a deal to buy 28 planes from Boeing and also confirmed that it has successfully negotiated discounts of around US$2 billion. Additionally, the carrier has also negotiated more favourable conditions for it existing fleet and leasing contracts with Boeing. …

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Embraer and Brazilian Air Force sign MoU for joint study of unmanned aircraft system

Military & Defense

Embraer and the Brazilian Air Force (FAB) have signed a memorandum of understanding (MoU) that establishes a cooperation for the study and evaluation of the necessary capabilities for the conceptual design and development of advanced unmanned aircraft systems to meet FAB’s needs. “This study is of fundamental importance for the maintenance and expansion of Embraer’s …

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Lufthansa Cargo pushing ahead with modernization of logistics center

Other News

Lufthansa Cargo is setting an important course for the future of the airfreight center in Frankfurt. The airfreight company has signed one of the highest-volume contracts in its comprehensive infrastructure program. The detailed planning and realization of the new central high-rack storage system, the centerpiece of the Frankfurt hub, will be implemented with the German …

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