Rolls-Royce has released its first half 2020 (H1) results, with the global COVID-19 pandemic severely impacting its H1 performance and medium-term forecasts. The most pronounced effect was seen in Civil Aerospace with large engine deliveries and flying hours both down around 50% in H1 including a 75% reduction in engine flying hours in the second-quarter […]
Rolls-Royce’s first-half results severely impacted by COVID-19 Read More »
Texel Air, an established private airline and MRO based in the Kingdom of Bahrain, reported the arrival of the latest addition to its fleet, the Boeing 737-700 FlexCombi™, a first of a kind aircraft conversion developed to provide the most versatile third party cargo charter solution available in the market today. The aircraft, which will
Texel Air takes delivery of first Boeing 737-700 FlexCombi™ Read More »
Magnetic MRO, a Total Technical Care and asset management organization, has signed a Continuing Airworthiness Management contract with BOC Aviation (Ireland), one of the world’s leading aircraft leasing service provider. Since the agreement has been signed, the lessor has already delivered one Boeing 737NG aircraft to Magnetic MRO’s hangars in Tallinn, Estonia. Since the start
BOC Aviation (Ireland) signs Magnetic MRO as its CAMO service provider Read More »
Vertical Aerospace, the Bristol-based company pioneering affordable electric aviation, has announced plans for a revolutionary ‘flying taxi’, the VA-1X. Capable of carrying up to five people (four passengers and a pilot), the VA-1X is set to be the world’s first certified winged all-electric Vertical Take-Off and Landing (eVTOL) aircraft, and is on course to start
Vertical Aerospace unveils designs for pioneering ‘flying taxis’ Read More »
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., announced the signing of a sale-and-leaseback agreement for a fleet of four new Airbus A321neo aircraft with the company’s current customer, Hungarian low-cost carrier Wizz Air. Wizz Air, the largest Airbus customer of the A321neo variant, is expected to take deliveries
CDB Aviation and Wizz Air sign agreement for sale-and-leaseback of four new A321neos Read More »
Recaro Aircraft Seating has secured a deal with Wizz Air for 31,767 passenger seats. The SL3710 economy-class seat will be installed on 146 Airbus aircraft starting in 2021. This partnership is part of a larger deal with the Indigo Partners portfolio of airlines for nearly 100,000 passenger seats, which is the largest order of seats
Spectre Cargo Solutions, through its Irish entity NGF Overseas Aircraft, has delivered a Boeing 737-700BDSF aircraft to Tianjin Air Cargo (TJAC). The freighter is on a long-term operating lease with Tianjin Air Cargo. It is the first Boeing freighter of the type to be delivered to a Chinese operator. Tianjin Haite Aircraft Engineering (HAITE) performed
Spectre Cargo Solutions delivers Boeing 737-700BDSF aircraft to Tianjin Air Cargo Read More »
Finnair has started co-operation negotiations on its plan to reduce up to 1,000 jobs, to make other structural changes and to implement additional temporary layoffs due to the impacts of the corona pandemic. The co-operation negotiations concern approximately 2,800 employees working at Finnair in Finland, and similar processes are conducted in Finnair’s units abroad. Finnair employs a total of approximately 6,700 employees, of whom 6,200 are based in
AAR has announced a new partnership with Corporation for Skilled Workforce (CSW) to grow and diversify the talent pool of aviation maintenance technicians and reduce future labor shortages. The initiative, powered by a grant from Lumina Foundation, will also raise awareness of lucrative aircraft repair jobs and career pathways in aviation. Through October 2021, AAR
American Airlines has announced that unless there is further governmental aid provided, when the current government stimulus runs out at the end of September, it will be foced to shed 19,000 of its March 140,000-strong workforce. By the end of October, taking into account voluntary exits and retirments, staffing levels at American Airlines will shrink
American Airlines to shed 19,000 jobs and Delta furlough 1,900 pilots in October Read More »
