3 May 2022

Spirit rejects US$3.6 billion offer, JetBlue now considering a hostile takeover bid

Financial, Top Stories

Spirit Airlines (Spirit) has rejected an offer of US$3.6 billion, US$33.00 per share, made by ultra-low-cost carrier JetBlue at the beginning of April this year. This offer is appreciably higher than the US$2.9 billon, then worth US$25.83 per share, cash and stock offer from Frontier Airlines (Frontier), announced in February this year. Spirit has chosen […]

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airBaltic wet leases one Ukraine International Airlines aircraft

Aircraft & Engines

Latvian airline airBaltic has agreed to wet lease one Ukraine International Airlines Boeing 737-900ER aircraft. The aircraft and its crew will perform flights within airBaltic’s network short-term starting from May 1, 2022. Martin Gauss, airBaltic Chief Executive Officer: “Ukraine International Airlines has been a reliable long-term partner of airBaltic. It is now a very challenging

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Delta TechOps, Asiana Airlines enter engine maintenance agreement

MRO & Production

Delta TechOps will be a maintenance, repair and overhaul provider of Asiana Airlines’ CF6-80C2 engines over the next five years, bringing the engines powering the South Korean carrier’s Boeing 747 and 767 aircraft under its extensive global portfolio. Delta TechOps people will expertly carry out scheduled engine overhaul shop visits during the five-year period. Additionally,

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Boeing reports increased stability and growth for aircraft finance sector

Other News

Boeing Capital Corporation, a wholly-owned subsidiary of The Boeing Company, has released the 2022 Commercial Aircraft Financing Market Outlook (CAFMO) showing improving financing stability as the industry recovers from the impacts of the global pandemic. “Financiers and investors remain committed to the long-term fundamentals that continue to make aircraft a valuable asset class,” said Tim

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Embraer and Aernnova conclude strategic partnership agreement in Évora

Financial

Embraer and Aernnova have concluded the strategic partnership agreement announced in early 2022. Therefore, Aernnova now owns all shares of Embraer Metálicas and Embraer Compósitos, in an investment totalling approximately US$174 million. For Embraer, this partnership is another opportunity to increase the production capacity of these two units, since besides supplying components for the company’s

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