AviTrader sponsorship ad

Top Stories

Air France-KLM

French-Dutch power struggle sees Air France-KLM shares tumble

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

Read More »

Boeing gets Embraer shareholder approval for JV

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

Read More »

Lufthansa Technik expands further into Hungary

Lufthansa Technik AG has confirmed its plans to open a new repair and overhaul facility for aircraft engine parts in Miskolc, Hungary. The operational site will extend to 20,000 square meters of production space, greatly benefiting customers of Lufthansa Technik´s Engine Parts & Accessories Repair (EPAR) network. Once fully operational, the facility will employ up

Read More »

Safran to build Indian plant to make parts for LEAP engine

Safran Aircraft Engines is to invest €36 million (US$41 million) in the creation of a 13,000 square meter plant, including 8,000 square meters of workshops, to make parts tor the LEAP turbofan engine from CMF International. CMF International is a 50/50 joint company between Safran Aircraft Engines and GE. Construction is due to commence mid-June

Read More »

U.K.’s flybmi blames ‘Brexit uncertainty’’ as it ceases operations – 1000s stranded

East Midlands, U.K.- based low-cost carrier flybmi has filed for administration, citing ‘Brexit uncertainty’ as a principal reason for the company’s demise, along with spiking “fuel and carbon costs.” The airline ceased trading on Saturday, cancelling all flights without warning and leaving thousands of holidaymakers stranded. According to a flybmi spokesperson: “It is with a

Read More »
AviTrader sponsorship ad