8 August 2022

Struggling SAS averts further strike as pilots agree to new pay deal

Scandinavian Airlines (SAS) has managed to avert further damaging strike action as Norwegian, Danish and Swedish members of the pilots’ unions have voted to accept a collective bargaining agreement that was reached last month. In July the loss-making Scandinavian carrier had to cancel 3,700 flights during a financially disastrous 15-day strike which is estimated to …

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American Airlines to invest in hydrogen-electric engine developer ZeroAvia

American Airlines has announced its investment in ZeroAvia, a leader in hydrogen-electric, zero-emission aviation. In addition to the investment, a memorandum of understanding provides American the opportunity to order up to 100 engines from ZeroAvia’s hydrogen-electric powertrain development programme. The engines are intended to power regional jet aircraft with zero emissions. “Our investment in ZeroAvia’s emerging …

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Willis Lease Finance reports second-quarter pre-tax income of US$11.0 million

Willis Lease Finance has reported second-quarter total revenues of US$78.1 million. For the three months ended June 30, 2022, aggregate lease rent and maintenance reserve revenues were US$60.9 million and spare parts and equipment sales were US$6.8 million. The company reported increased total revenues in the second-quarter when compared to the prior-year period, primarily due …

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Horizon Aircraft enters into binding agreement with Astro Aerospace for re-privatisation

Horizon Aircraft, an innovative leader in hybrid electric vertical take-off and landing (VTOL) aerial vehicles, has entered into a binding agreement with its parent company, Astro Aerospace (Astro) and several of Astro’s key shareholders (the Purchasers) whereby Astro has agreed to sell 100% of the equity of Horizon to the Purchasers in exchange for certain …

Horizon Aircraft enters into binding agreement with Astro Aerospace for re-privatisation Read More »

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