Having filed for bankruptcy on February 5, German leisure airline Germania has shut down permanently after it failed to find any investors. The closure of the carrier which operated a fleet of 37 aircraft will now see all 1,700 employees laid off. The news will not be welcomed at Airbus either as this will result
Naresh Goyal, the chairman of India’s second-largest commercial airline Jet Airways has been forced to resign amidst the stricken carrier’s continued financial crisis. Currently two thirds of the airline’s fleet has been grounded due to defaulting on lease payments or inability to carry out mechanical repairs. As at the end of March 2018 Jet airways
With Boeing 737 MAX jets still grounded worldwide, representatives from Southwest Airlines Co, American Airlines and United Airlines who respectively operate 34, 24 and 14 MAX jets, visited Boeing’s plant at Renton, Washington this weekend, which is a clear indication that the software patch the plane maker is creating is nearing completion. According to a
Lufthansa Technik has posted record revenues with a 10% increase for 2018 compared to 2017, also surpassing 2017 results despite intensified price pressure and far-reaching investments in digitalization, its international network and personnel. Applicable to Lufthansa Technik AG and its 21 fully consolidated companies, sales revenues climbed by more than €500 million, surging from €5.404
Within trio of executive moves in a bid to accelerate key global partnerships and capabilities, the current CEO of Embraer Commercial Aviation and executive vice president of Embraer S.A, John Slattery, has been appointed as president and CEO for the commercial and aviation services joint venture between Boeing and Embraer. The appointment is subject to
Struggling to cope with debts of US$1 billion, India’s jet Airways is struggling to remain operational with only 41 aircraft available, one-third of its fleet of it original fleet, forcing to to cancel hundreds of flights, many at the mast minute. While many of its aircraft lessors have begun to cancel leasing agreements, the stricken
Having previously been involved in discussions with Italian state rail operator Ferrovie dello Stata, and U.S. carrier Delta Air Lines with a view to creating a consortium ‘rebranding’ of the stricken flag-carrying Italian airline, easyJet announced Monday, March 18, that it is no longer involved in any of the negotiations. Ferrovie dello Strato was conducting
The concessions for the operating of Brazil’s Vitória and Macaé airports has been won by Flughafen Zürich AG through a successful public tender. Handling more than 3.8 million passengers in 2018, the two airports will be added to Flughafen Zürich AG’s existing South American portfolio of four Brazilian airports, alongside two in Chile. Currently the
Embraer SA, the Brazilian plane maker, has reported an unexpected fourth-quarter loss due to a write down in its underperfoming executive jets division. The results have subsequently cast even greater concern over the company’s decision to sell off 80% of its profit-making commercial jet unit to Boeing. The US$18.1 million fourth-quarter loss was primarily due
After the second fatal crash of a Boeing 737 MAX jet in under five months, the U.S Federal Aviation Administration (FAA) has halted the operation of the aircraft. This is the second time the FAA has had to intervene with a Boeing Jet in six years after it temporarily grounded the 787 Dreamliner in 2013
