The European asset manager Attestor has acquired a 51% stake in Condor as planned. The transaction has been approved both by anti-trust officials and the EU Commission, which also issued state-aid approval for the acquisition of Condor through Attestor. The decisions cleared the way for Attestor to invest €200 million in fresh equity capital in …
Boeing Co’s shares rose 5% on the news that the American planemaker posted a first-quarter profit, the first in approaching two years. The company had been severely hit by two major crises, the COVID-19 pandemic and the grounding of its 737 MAX jet. As a consequence, previous plans to trim down the company’s workforce by …
HAECO Xiamen, together with Supplemental Type Certificate (STC) partner Aeronautical Engineers, have re-delivered the first Boeing 737-800SF converted freighter to Aviation Holdings. HAECO Xiamen has been an authorized AEI Conversion Center since 2020, and this first Boeing 737-800SF redelivery marked yet another milestone in the continued development of HAECO Xiamen’s capabilities. To minimize downtime, HAECO …
HAECO Xiamen completes first Boeing 737-800SF cargo conversion Read More »
Airbus has reported consolidated financial results for the half-year (H1) ended June 30, 2021. Consolidated revenues increased 30% year-on-year to €24.6 billion (H1 2020: €18.9 billion), mainly reflecting the higher number of commercial aircraft deliveries compared to H1 2020. A total of 297 commercial aircraft were delivered (H1 2020: 196 aircraft), comprising 21 A220s, 237 …
Dassault Aviation selects GE for electrical power distribution and control on Falcon 10X Dassault Aviation has selected GE Aviation to provide the primary and solid-state secondary electrical power distribution and control system for the recently launched Dassault Falcon 10X aircraft. GE will utilize its Electric Power Integration Center (EPIC) in Cheltenham, U.K., where it will …
Dassault Aviation selects GE for electrical power distribution and control on Falcon 10X Read More »
Franco-Luxembourgish aviation company Vallair has augmented its MRO capability with the introduction of in-house NDT (non-destructive testing). The capability will not only be available at Vallair’s specialist MRO facility in Montpellier and the Aerostructure repair shop in Châteauroux, both in France, but also away from these locations worldwide, with both Form 1 and 8130 release available. NDT …
Vallair augments MRO capability with introduction of in-house NDT Read More »
Lilium has partnered with CUSTOMCELLS, the German manufacturer of customer specific lithium-ion battery cells. CUSTOMCELLS, which supplies international aviation, automotive and military customers, will be one of Lilium’s prime suppliers, manufacturing lithium-ion batteries at scale for the all-electric 7-Seater Lilium Jet. Utilizing Lilium’s licensed technology, CUSTOMCELLS will industrialize battery cells for high-quality series production at …
