Over 800 aircraft have been identified as subject to exit from their current airline fleets, according to the leading aviation data and advisory company IBA in its recent Mid-Year Market Update. Covid-19 has driven a mix of airline failures and administrations, early lease returns and accelerated retirements, all of which feed into IBA’s analysis, which draws on data from […]
Over 800 aircraft to exit airline fleets says IBA Read More »
Vistara, a joint venture between TATA group and Singapore Airlines (SIA), has taken delivery of its first Airbus A321neo aircraft in New Delhi. The aircraft, arriving from Airbus’ final assembly lines in Hamburg, Germany, features India’s most advanced aircraft cabin in the sky with fully flat beds in business class. Overall, Vistara’s A321neo features a
Vistara receives first A321neo aircraft Read More »
GKN Aerospace will participation in feasibility studies on technology development for the future combat air system and next generation of fighter jet engines with partner industries in Italy and the U.K. GKN Aerospace and Saab are the two companies in Sweden that are part of the cooperation. Air combat capabilities are designated by Sweden as a national security interest. Through a joint
GKN Aerospace Sweden joins feasibility studies of future fighter jet engine Read More »
Bombardier, the Canadian plane and train maker, has secured a US$1 billion secured loan, indicating that the company will now have sufficient liquidity to see it through the worst of the COVID-19 pandemic. Having severely revised its 2020 forecast, Bombardier has now begun to announce job cuts as the market for high-profit-margin jets falls, with
Bombardier secures US$1bn credit line on back of reduced second-quarter cash burn Read More »
DHL Express is to acquire four 767-300 Boeing Converted Freighters (BCF). This step is part of DHL’s effort to modernize its long-haul intercontinental fleet in order to fly more eco-friendly and cost-efficiently. The aircraft are converted from passenger-to-freighter configuration by Boeing to fit the needs of DHL Express and meet the rising global demand for
DHL Express to add four 767-800 BCFs to fleet Read More »
Aventure Aviation has acquired another Boeing 757-200 airframe, MSN 27971. This is Aventure’s second 757 purchase in the last few months, and comes on the heels of its purchase of MSN 27208. The airframe is currently stored in Goodyear, Arizona at Aersale. The aircraft, last operated by Air Astana, is currently equipped with a half-life
Aventure acquires Boeing 757-200 airframe Read More »
Air Tanzania has selected Panasonic Avionics’ (Panasonic) inflight entertainment (IFE) and connectivity systems to enhance the passenger experience onboard its Airbus A220 aircraft. The airline has equipped two of its A220s with Panasonic’s eX1 IFE solution which is specifically designed for narrowbody aircraft. Each seat will feature elegant full HD seatback monitors, complete with touch displays and
Air Tanzania selects Panasonic Avionics for A220 IFE and connectivity Read More »
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), announced a new executive addition to its Dublin-based leadership team with the appointment of Brendan O’Neill as Chief Financial Officer, who will oversee all financial aspects of the company. O’Neill has two decades of aircraft leasing and multinational experience, bringing
CDB Aviation appoints Brendan O’Neill as CFO Read More »
Astronics Corporation, a leading provider of advanced technologies for global aerospace, defense, and other mission critical industries, announced contract awards received from Bell Textron, a Texton company, (Bell) for Astronics to advance its CorePower® airframe electrical generation and power distribution systems to support their Future Long-Range Assault Aircraft (FLRAA) and Future Attack Reconnaissance Aircraft (FARA)
Spirit Airlines reported total operating revenue for the second quarter 2020 of US$138.5 million, a decrease of 86.3% year over year, due to the significant decline in air travel demand as a result of the COVID-19 pandemic. Spirit reported a net loss of US$144.4 million for the second quarter compared to net income of US$114.5
Spirit Airlines posts second-quarter net loss of US$144.4 million Read More »
