Five days after UK regional carrier Flybe filed for bankruptcy, Norwegian domestic carrier Flyr has been forced to go down the same route after failing to raise only half of the needed cash to see it through the winter season and enable it to prepare for spring demand. “There is no longer a realistic opportunity …
Norway’s domestic carrier Flyr files for bankruptcy Read More »
Norwegian low-cost airline Flyr has entered administration just 18-months after starting operations. IBA Insight reveals that Fly operated a fleet of 12 leased aircraft (six Boeing 737 NGs and six Boeing 737 MAXs). Seven of these were owned by Air Lease Corporation. Flyr was a very seasonal operation, with its top city pairs featuring summer …
Ascendance Flight Technologies, the French start-up specialising in aviation decarbonisation, has named Stéphane Viala as Director of Engineering & Programme. As of February 1, 2023, Viala will oversee the technical management of the young aircraft manufacturer’s two flagship programmes: the STERNA modular hybrid propulsion system and the hybrid-electric VTOL aircraft ATEA. The aeronautical engineer from …
Stéphane Viala joins Ascendance Flight Technologies from ATR Read More »
The Department of Transportation’s Bureau of Transportation Statistics (BTS) has released U.S. airlines’ December fuel cost and consumption numbers indicating U.S. scheduled service airlines used 1.471 billion gallons of fuel, 5.3% more fuel than in November 2022 (1.398 billion gallons) and 5.2% less than in pre-pandemic December 2019. The cost per gallon of fuel in …
U.S. Airlines’ December 2022 fuel cost per gallon down 5.3% from November 2022 Read More »
SkyWorks Holdings has released transactions and activities performed during the fourth quarter of 2022 for its Leasing and Asset Management and Investment Banking & Advisory Groups. Leasing & Asset Management Group activities included the following:On behalf of an institutional investor client, SkyWorks arranged the lease extension of two Airbus A319-100 aircraft on lease to American …
Qatar Airways and Airbus have reached an amicable and mutually agreeable settlement in relation to their legal dispute over A350 surface degradation and the grounding of A350 aircraft, avoiding a UK court trial. A repair project is now underway to get these aircraft safely back in the air. The details of the settlement are confidential, …
Qatar Airways and Airbus settle dispute over A350 surface degradation Read More »
Embedded Ventures, an early-stage deep tech venture capital firm, has announced the first closing of its US$100 million (£81 million) inaugural fund. The minority-led firm takes a commercial-first approach to investing in early-stage start-ups with applications that can serve the Department of Defence, focusing on cutting-edge start-ups in Digital Engineering, Advanced Manufacturing and Space Operations. …
Embedded Ventures closes first US$100 million fund Read More »
