KfW and TUI AG have signed the state aid bridging loan for €1.8 billion. The loan had been committed by the German Federal Government on March 27, as part of the COVID-19 state support program. TUI’s current Revolving Credit Facility “RCF” banking consortium supports the KfW loan and the addition of the €1.8 billion into […]
TUI receives bridging loan of €1.8 billion Read More »
Air Canada is re-configuring the cabins of three of its Boeing 777-300ER aircraft to give them additional cargo capacity. The first aircraft conversion is complete and is now in service, with the second and third aircraft to be completed shortly. The three Boeing 777-300ER aircraft are being converted by Avianor, an aircraft maintenance and cabin
Skyworld Aviation has arranged the sale of two Avro RJ100’s to spares and components specialist Executive Jet Support in the U.K. The two RJ100s were part of a ten aircraft fleet previously operated by Braathens Regional. Executive Jet Support is a leader in providing commercial aircraft, engines and airframe components on sale, exchange or loan
Skyworld Aviation arranges sale of two Avro RJ100s to Executive Jet Support Read More »
Frost & Sullivan’s recent analysis, Global Commercial UAS Market Outlook, 2020, finds that the industry is transitioning from a nascent to a growth stage. With the surge in demand for commercial drones by the professional segment, unit shipment is estimated to rise at a compound annual growth rate (CAGR) of 4.5%, reaching 2.91 million units
Commercial drone market to hit 2.44 million units by 2023, says Frost & Sullivan Read More »
In a bid to deal with the economic ramifications of the COVID-19 pandemic Norwegian, Europe’s third-largest low-cost carrier, is now looking to convert up to US$4.3 billion of debt into equity and will be issuing new shares in an attempt to stay afloat. The strategic move is in response to the requirements needed to meet
At its extraordinary meeting on April 2, the Lufthansa Technik Supervisory Board has appointed Dr. Detlef Kayser as the new Chairman of the Supervisory Board. He will take over from Carsten Spohr with effect from the same date. In addition, Thorsten Dirks was elected as a new member of the Supervisory Board. With this decision,
Changes in the Supervisory Board of Lufthansa Technik Read More »
As an effect of the COVID-19 pandemic and the travel restrictions imposed by many governments, SAS’ capacity was reduced by over 45% compared to last year. During April, almost all flights will be canceled except for a few domestic routes in Norway and Sweden. SAS’ total traffic in March declined -62% and capacity was down
SAS’ capacity down -45.4% in March Read More »
Leonardo has been awarded a contract by Pilatus Aircraft to provide airborne communications systems, cockpit control panels and associated electronics for installation on-board PC-21 single-engine turboprop trainers being supplied to the Spanish Air Force (Ejército del Aire). The aircraft were ordered by the Spanish Ministry of Defense through its Armament and Material Directorate (DGAM) to
Leonardo to supply range of electronics for Spanish Air Force PC-21 trainers Read More »
Boeing Australia has achieved two more milestones on the Royal Australian Air Force’s Loyal Wingman – Advanced Development Program: weight on wheels and aircraft power on. The development milestones for the unmanned aircraft come just weeks after completion of the first fuselage, allowing for rapid progress on systems installation and functional and integration testing from
Boeing’s Loyal Wingman program achieves ‘weight on wheels’ milestone Read More »
Air France KLM Group’s March traffic figures were strongly impacted by COVID-19, reflecting progressive extension of capacity reductions due to the global expansion of the virus. Special flights have been operated by Air France, KLM and Transavia to repatriate citizens to their home countries, in close cooperation with the governments of France and the Netherlands.
Air France KLM Group reports March traffic figures Read More »
