Latvia’s national airline airBaltic said this Monday it and certain subsidiaries had voluntarily filed for Chapter 11 bankruptcy protection in the United States, seeking to restructure its finances while continuing to operate flights as normal. The carrier, which describes itself as the leading airline in the Baltic states, said the proceedings were initiated in the […]
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Northrop Grumman has opened a 57,000 ft² propulsion facility in Elkton, Maryland, housing 250 engineers working on advanced propulsion technologies for US and allied defence programmes. The Propulsion Innovation Center expands the company’s solid rocket motor capacity across its propulsion manufacturing network and is expected to create additional skilled engineering and manufacturing jobs in the
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Iberia has secured approval from Spain’s aviation safety authority to carry out heavy maintenance on its entire Airbus A350 fleet, the airline said. The Spanish Aviation Safety and Security Agency (AESA) granted Iberia’s Heavy Maintenance division the authorisation without operational limitations, giving the company full maintenance capabilities for the A350 for the first time. The
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Egypt’s Red Sea Airlines has signed an agreement with SMBC Aviation Capital (SMBC) to lease two new Boeing 737 MAX 8 aircraft, with deliveries scheduled for July and August 2027, the airline said. The agreement was signed by Chief Executive Ahmed Shanan in the presence of Chairman and founder Hatem Kenawy and board members. The
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Neuberger Specialty Finance (NBSF) has agreed with a group of aerospace finance professionals to launch New Bridge AeroFinance, an aerospace financing platform that will originate and acquire loans and other debt instruments across the sector. The platform, which will be led by Richard Moody alongside co-founders and principals Debbie Frew and William Glaister, initially aims
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CFM International and Vietnam’s Vietjet have signed a letter of intent to assess the feasibility of developing local maintenance, repair and overhaul (MRO) capabilities for LEAP engines in Vietnam, the companies said during Vietnamese General Secretary and President To Lam’s official visit to France. Under the agreement, CFM would propose a consulting arrangement to advise
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