Boeing has partnered with Aerion, a Reno, Nev.-based company pioneering next-generation supersonic aircraft. As part of the agreement, Boeing made a significant investment in Aerion to accelerate technology development and aircraft design, and unlock supersonic air travel for new markets. Terms of the deal were not disclosed. Boeing will provide engineering, manufacturing and flight test
Berlin-based budget carrier Germania Fluggesellschaft mbH, trading as Germania, has filed for bankruptcy, citing fuel prices and currency fluctuations as the principal causes and ceasing all operations with immediate effect. “We ultimately failed to successfully complete our financing efforts to meet short-term liquidity needs,” said managing director Karsten Balke, adding: “We very much regret that,
Michael O’Leary, the abrasive CEO of Ryanair, Europe’s largest low-cost carrier, is to step down from the role of day-to-day running of the airline to take up a new role as CEO of a restructured Ryanair overseeing CEOs of the company’s four airlines – Ryanair DAC, Ryanair Sun, Ryanair UK and the newly acquired Laudamotion.
With current debts of approximately US$1.14 billion resulting mainly from fierce competition, high oil prices and the depreciation of the rupee, India’s Jet Airways has agreed to the majority of terms laid down by Gulf carrier Etihad Airways (Etihad) in a much-needed financial bail-out and company ownership restructuring. Currently, Etihad holds a 24% stake in
ANA Holdings voted at its board meeting to place an order for a total of 48 aircraft, which include 30 Boeing 737 MAX 8 and 18 Airbus A320neo. Deliveries are scheduled from FY2021 to FY2025. The decision was based on the economic growth of Asia and emerging countries, with demand in the Asian aviation market.
Airbus has signed a Memorandum of Understanding to the Thailand’s Civil Aviation Training Center (CATC) to collaborate on the training of pilots and maintenance training. The two will identify means of deeper cooperation for training aviation professionals in Thailand, subsequent to an existing arrangement where Airbus is working with CATC on basic maintenance training. The
A French flying instructor has been arrested by Italian police following a mid-air collision between a light plane and a helicopter in the Val d’Aosta region of Italy last Friday in which seven people were killed. It is understood that a light plane which was attempting to land on the Rutor Glacier struck a helicopter
Boeing has successfully completed the first test flight of its autonomous passenger air vehicle (PAV) prototype in Manassas, Virginia. Boeing NeXt, which leads the company’s urban air mobility efforts, utilized Boeing subsidiary Aurora Flight Sciences to design and develop the electric vertical takeoff and landing (eVTOL) aircraft and will continue testing to advance the safety
At least 20 jets are at the center of a struggle by lessors to obtain possession after the ailing Brazilian airline fell behind with lease payments. Last Friday (Jan.18) Brazil’s aviation regulator ANAC confirmed it would no longer ground ten jets, while another lessor ramped up its efforts to take possession of a further ten
As part of a cost-cutting program announced in December last year with the intention of reducing running costs by US$234 million, Low-cost carrier Norwegian has announced it is to axe a number of routes and bases, starting April this year. Palma de Mallorca (PMI), Gran Canaria (LPA), Tenerife (TCI), Rome-Fiumicino (FCO), Stewart (SWF) and Providence
