Financial problems at India’s Jet Airways has now resulted in 21 of its predominantly leased fleet of 119 aircraft grounded through payment default to leasing companies. This figure does not include aircraft which have been grounded for maintenance purposes. Abu Dhabi’s Etihad Airways holds a 24 percent stake in the beleaguered carrier. With an increasing
March 4th has seen the first initialing of an aviation agreement between the European Union (EU) and the State of Qatar which will upgrade the rules and standards for flights between Qatar and the EU. This will also be seen as a new global benchmark by committing to fair and robust competition mechanisms along with
The Aircraft Mechanics Fraternal Association (AMFA) is being sued by Southwest Airlines (Southwest) for what is being claimed as an illegal work slowdown which has seen an average 14 planes per day out of service spiking at a high of 62. This is the second time AMFA has been sued by the airline, the previous
DVB Bank has signed an agreement with MUFG Bank, a consolidated subsidiary of Mitsubishi UFJ Financial Group and BOT Lease, an affiliate of MUFG, for the sale and transfer of DVB’s Aviation Finance division to the firms. The purchase agreement provides for the entire Aviation Finance client lending portfolio (€5.6 billion as at 30 June
International Airlines Group, the parent company of British Airways, has committed to purchasing up to 42 777X airplanes, including 18 orders and 24 options. The airline joins a group of leading carriers that have selected the new 777-9, which will debut next month. In ordering the 777-9, British Airways extends a long-running relationship with the
In a bid to counter French influence over the Dutch arm of Air France-KLM, the Dutch government has acquired a 12.7 percent stake. With the move highlighting the rising tension between the two countries, shares in Air-France KLM had fallen by 11.3 percent at 1612 GMT according to Reuters. Late on Tuesday, Dutch Finance Minister
96.8 percent of Brazil’s Embraer shareholders have voted in favour of the sale of 80 percent of the company’s commercial plane division to The Boeing Company (Boeing). The sale will now only require global antitrust regulator approval. According to Reuters, Boeing will pay US$4.2 billion, and the 20:80 joint venture between Embraer and Boeing will
Engineers at Rolls-Royce in Derby, UK, have successfully tested a key component of the UltraFan engine design. UltraFan will redefine the world of jet engines, delivering significant weight, noise and fuel burn reductions, and will be 25% more efficient than a first-generation Trent engine. For the first time, all composite elements of the Advanced Low
During the second test flight in a ten-week period, Virgin Galactic announced on February 22 that its commercial SpaceShipTwo, VSS Unity, reached space for the second time in its five test flights, achieving an apogee distance of 295,007ft and a speed of M3.04, beating both records from its previous flight into space. This was also
Delta TechOps leaders and employees officially cut the ribbon, opening the world’s largest jet engine test cell. The test cell, which is the first cell built by a U.S. airline in more than 20 years, is capable of running a mounted, stationary engine at full power with 150,000 pounds of thrust. To compare, the airline’s
