Spirit Airlines has released that it received an unsolicited proposal from JetBlue Airways to acquire all of the outstanding shares of Spirit’s common stock in an all-cash transaction for US$33.00 (£25.00) per share. Consistent with its fiduciary duties, the Spirit Board of Directors will work with its financial and legal advisors to evaluate JetBlue’s proposal […]
Spirit Airlines receives proposal from JetBlue Airways Read More »
SIA Engineering Company Limited (SIAEC) has signed a non-binding Memorandum of Understanding with Impeccable Vintage Properties Sdn Bhd (IVP), a wholly-owned subsidiary of Malaysia’s sovereign wealth fund Khazanah Nasional Berhad (Khazanah), to potentially lease two hangars located at Complex A, Sultan Abdul Aziz Shah Airport, Selangor, Malaysia (Subang). Through this MOU, the parties will now
SIA Engineering Company signs MOU for hangar facility in Subang, Malaysia Read More »
Greg Watson has joined King Aerospace as Chief Operating Officer. The company is experiencing dynamic, but-controlled growth with the expansion of its modification services. It announced the addition of two hangars at the Northwest Arkansas Regional Airport in addition to robust maintenance, repair and overhaul business at its facility at the Ardmore (Oklahoma) Industrial Airpark.
Greg Watson joins King Aerospace as Chief Operating Officer Read More »
Aviation industry consultant IBA has published its latest Aviation Industry Barometer for February 2022. Data from IBA’s InsightIQ intelligence platform indicates that the recovery of global passenger flights has been static from December 2021 to February 2022, with flight capacity remaining at 74% relative to pre-pandemic levels. IBA’s Aviation Industry Barometer for February 2022 indicates
IBA releases latest Aviation Industry Barometer for February 2022 Read More »
Dubai Aerospace Enterprise (DAE) has successfully closed a new four-year US$1 billion (£760 million) revolving credit facility with a one-year extension option. The facility replaces other facilities with near-term maturity dates and represents DAE’s first facility that is priced with reference to SOFR. The facility attracted strong interest from a broad group of banks and
DAE closes US$1 billion revolving credit facility Read More »
Lilium has announced it is to begin flight tests with its fifth-generation technology demonstrator, Phoenix 2, at the ATLAS Flight Test Center in Jaén, Spain. ATLAS (Air Traffic Laboratory for Advanced unmanned Systems) is the first facility of its type in Spain and unique to Europe, created exclusively for and dedicated to the testing of
Lilium commences flight tests at ATLAS Flight Test Center in Spain Read More »
After receiving its second newly approved Air Operator Certificate (AOC) in Indonesia on March 28, which is its third airline AOC in the region, the Asia Cargo Network group launched RGA-Black Stone Airlines with its inaugural flight departing last week on March 30, 2022. Setting out of Soekarno-Hatta International Airport (CGK) in Jakarta, the flight
Asia Cargo Network’s RGA-Black Stone Airlines takes off Read More »
In 2021, the Liebherr Group achieved a turnover of €11,639 million. Compared to the previous year, the company posted an overall increase of €1,298 million or 12.6 %. As a result, the Liebherr Group was almost able to match its previous record year in 2019 in terms of annual turnover. Liebherr recorded a significant increase
Liebherr Group reports significant boost in turnover in 2021 Read More »
Aircraft lessor Air Lease Corporation (ALC) is expanding its airplane portfolio with an order for 32 additional Boeing 737-8 and 737-9 jets. As the travel market recovers, ALC is increasing its 737 MAX family offering to meet airline demand for modern, fuel-efficient and sustainable operations. ALC continues to grow its investment in the 737 MAX
Air Lease Corporation adds 32 Boeing 737 MAX jets to orderbook Read More »
Jordi Boto has been appointed CEO of Elbe Flugzeugwerke GmbH (EFW) and started in his new role on April 1. Boto is the successor of Dr Andreas Sperl, who left the company after more than 15 years of growth. Prior to the appointment, Boto was COO, responsible for driving the ramp-up of the conversion from passenger-to-cargo
Jordi Boto becomes new CEO at Elbe Flugzeugwerke Read More »
