24 April 2024

Ascent AeroSystems all-weather coaxial helicopter drone © Robinson Helicopter Company

Robinson Helicopter Company acquires Ascent AeroSystems

Financial

Robinson Helicopter Company (RHC) has completed the acquisition of Ascent AeroSystems, which now operates as a wholly owned subsidiary of Robinson Helicopter Company. This strategic move underscores Robinson’s commitment to advancing innovation, expediting new rotorcraft developments, and supporting diverse missions globally. By harnessing the expertise and resources of both entities, Robinson reinforces its position at […]

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JetBlue

JetBlue reveals US$716 million first-quarter loss amid revenue dip

Financial

JetBlue, ‘New York’s Hometown Airline®’, has unveiled its financial performance for the first quarter ending March 31, 2024. The airline disclosed a net loss of US$716 million, representing a year-on-year revenue decline of 5.1% to US$2.2 billion. As of the end of the first quarter, JetBlue held US$1.7 billion in unrestricted cash, cash equivalents, short-term

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Spirit AeroSystems Wichita, Kansas

Boeing to provide Spirit AeroSystems with US$425 million advance payments

Financial

Spirit AeroSystems has disclosed an agreement with Boeing, whereby the aerospace giant will furnish advance payments totalling US$425 million, according to REUTERS news agency. This agreement aims to assist Spirit in addressing challenges such as elevated inventory levels and reduced cashflows, following the U.S. aviation regulator’s imposition of a production cap on Boeing’s 737 MAX

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The new five year support contract was signed during MRO Americas in Chicago © Fokker Services Group

HAECO and Fokker Services America ink component service support agreement

MRO & Production

During the MRO Americas event, Fokker Services America (a subsidiary of Fokker Services Group, FSG) and HAECO have signed a component service support agreement for a duration of five years. This agreement positions FSG to deliver exceptional component servicing from its global facilities in LaGrange (U.S.A.) and Schiphol (the Netherlands) to HAECO’s inventory technical management

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Codeshare flights between ANA and Air India to connect Japan and India will begin in May 2024© ANA

ANA and Air India launch codeshare partnership

Airlines & Routes

All Nippon Airways (ANA) and Air India, India’s national flag carrier, have formalised a commercial agreement signalling the commencement of a codeshare partnership facilitating connectivity between Japan and India. Commencing on May 23, this collaboration between the two Star Alliance members will broaden flight choices for travellers, enabling seamless journeys to their desired destinations by

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