In conjunction with Finnair’s efforts to emerge from the COVID-19 crisis, the company is proceeding with its refinancing plan and has finalized a sale-and-leaseback arrangement for four of its Airbus A350 aircraft. In the arrangement, Finnair sold these aircraft – delivered between June 2017 and February 2019 – and has leased them back for its
The 100% electric aircraft project led by Volotea, Air Nostrum, and Dante Aeronautical will mean an important step towards a future with emission-free aviation. This aircraft will play a crucial role in establishing zero-emission regional air transport, enabling connections to be made between small population centers, thanks to its reduced operating costs compared to much
Eve Urban Air Mobility (EVE) an Embraer company, and Bristow Group, a global leader in vertical flight solutions, have signed a Memorandum of Understanding to work together to develop an Air Operator’s Certificate (AOC) for Eve’s electric vertical takeoff and landing (eVTOL) aircraft. The partnership will develop an Urban Air Mobility (UAM) operating model using
Airbus has launched a new project for an extra-performing wing demonstrator which will focus on accelerating and validating technologies in order to improve the wing performance of any aircraft produced in the future. According to Airbus, “This scaled demonstrator will integrate and fly breakthrough wing technologies on a Cessna Citation VII business jet platform in
Bamboo Airways has signed a Memorandum of Understanding (MOU) with GE Aviation to purchase GEnx engines for its Boeing 787-9 aircraft order of ten firm and 20 options valued at close to US$2 billion at list price. The MOU agreement is the largest deal in this signing series for Bamboo Airways. According to the agreement,
Atlas Air has entered into a long-term agreement with FedEx to provide two Boeing 747-400 freighter aircraft on a full-time aircraft, crew, maintenance and insurance (ACMI) basis. This new agreement is in addition to the company’s existing multi-year peak season contract that provides FedEx with a minimum of five aircraft during the fourth quarter. Both
Gol, Brazil’s largest airline and Grupo Comparte, the country’s leading transport operator, have teamed up with Avolon, the aircraft leasing and lease management specialist, to create an electric vertical and take-off and landing (eVTOL) vehicle ride-sharing platform in Brazil. The three companies will jointly collaborate to identify and target local partners, infrastructure, and certification requirements
Airbus has announced plans for a new CityAirbus at the company’s first Airbus Summit on “Pioneering Sustainable Aerospace” as the emerging Urban Air Mobility (UAM) market begins to firm up. Ushering in the next generation of CityAirbus, the fully electric vehicle is equipped with fixed wings, a V-shaped tail, and eight electrically powered propellers as
Boeing has forecast steady growth and greater sustainability for Europe’s commercial aviation fleet over the next 20 years, as the vast majority of the existing fleet is replaced with more fuel-efficient models. Enabled by low-cost carriers and a rapidly expanding leisure travel market, European carriers will need 8,705 new airplanes valued at US$1.46 trillion (€1.25
FAI rent-a-jet GmbH (FAI), Germany’s Special Mission Operator, has configured one of its seven Global Express aircraft (D-AFAM) as a dedicated air ambulance. The move follows increasing demand from the market for ultra-long-range air ambulance missions. FAI has completed ten ultra-long-range air ambulance missions over the past two months alone. The company is focused on
