Air France-KLM Group has announced the definitive end of Air France’s Airbus A380 operations. Initially scheduled by the end of 2022, the phase-out of the Airbus A380 fleet is beginning with immediate effect and fits in the Air France-KLM Group fleet simplification strategy of making the fleet more competitive, by continuing its transformation with more […]
Air France to retire Airbus A380 fleet Read More »
Norwegian has confirmed that the restructuring is completed and that the state loan guarantee of in total NOK 3 billion has been approved. The company has now converted NOK 12.7 billion of debt to equity and laid a solid foundation for the future, although the next months will remain challenging. Since the end of 2018,
Norwegian finalises restructuring and secures state aid Read More »
The Finnish Government has approved that the State of Finland guarantees Finnair’s pension premium loan up to €540 million. With the state guarantee, Finnair aims to further secure its cash position and business continuity also after the exceptional situation caused by the corona-crisis. Further, a commercial bank has guaranteed up to €60 million of the
Finnair’s pension premium loan guaranteed by the State of Finland Read More »
The Board of Directors of Leonardo met for the first time on May 20, under the chairmanship of Luciano Carta. At the meeting, the Board confirmed Alessandro Profumo as Chief Executive Officer by conferring, in line with the previous structure, all the related powers for the unitary management of the company and the group.
Leonardo Board of Directors confirms Alessandro Profumo Chief Executive Officer Read More »
Having already taken action to strengthen the financial resilience of its business and reduce its cash expenditure in 2020 to cope with the impact of the COVID-19 crisis, Rolls-Royce is proposing a major reorganization of its business to adapt to the new level of demand it is seeing from customers. As a result, the company
Rolls-Royce to reduce workforce by 9,000 jobs Read More »
Long before the COVID-19 pandemic had any effect on Thai Airways International Plc’s finances, the Southeast Asian Carrier was already in trouble, having failed to post a profit in all but one year since 2012 and reported losses of 12.04 billion baht (US$377.3 million) in 2019. The state-controlled airline has struggled to deal with bloated
Thai Airways get government OK for bankruptcy court-led restructuring Read More »
C&L Aerospace has signed a multi-year worldwide distribution agreement with ACR ARTEX for the company’s entire aviation product line. This agreement, which includes over 50 different line items available for all aircraft types, encompasses survival products such as emergency locator transmitters (ELT) replacement batteries, ELTs, personal locator beacons, antennae, and more. C&L Aerospace specializes in
C&L Aerospace signs distributor agreement with ACR ARTEX Read More »
Since the COVID19 pandemic began, Iberia Maintenance has retained a level of productivity, with a clear priority on protecting the health of their employees, customers and suppliers whilst adapting to the new market norm and different challenges. Iberia Maintenance is focused on the needs of its customers and is prepared to increase its activity from
Iberia Maintenance returning to higher levels of productivity from May onwards Read More »
Vx Capital Partners (Vx) has promoted Bashir Agah to General Counsel. Agah will oversee and hold responsibility for all Vx Capital’s legal affairs. Before joining Vx, Agah served as Corporate Attorney for ORIX Aviation Systems, Corporate Attorney at Mesa Air Group, and Counsel at Norton Rose Fulbright.
Vx Capital Partners appoints Bashir Agah as General Counsel Read More »
Airbus’ U.S. production capabilities has begun with inauguration of the completed A220 commercial aircraft final assembly line (FAL) in Mobile, Alabama. The 270,000-ft² facility – which can produce both the A220-100 and A220-300 versions – houses five primary assembly stations where major airframe component assemblies come together for a completed aircraft. Airbus’ production team in
Airbus inaugurates A220 commercial aircraft final assembly line in Mobile, Alabama Read More »
