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
Vietnam’s startup airline Bamboo Airways has completed a long overdue maiden commercial flight which will now see competition in South-east Asia ramp up. The flight from Ho Chi Minh City to Hanoi Noi Bat International Airport carried 5 crew and 180 passengers after securing an Air Operator Certificate from the Civil Aviation Administration of Vietnam
With President Trump’s refusal to back down over funding for his US$5.7bn U.S.-Mexico border wall resulting in a partial government shutdown, airplane manufacturers and commercial airlines are beginning to suffer from the knock-on effect of the enforced furlough being taken by FAA groups responsible for the oversight of aircraft approval and new routes. Southwest Airlines
According to the semi-official Fars news agency, an Iranian Boeing 707 military plane carrying meat has crashed at Fath Airport, Iran after attempting to make an emergency landing. 15 out of the 16 crew on board were killed, while the only survivor, the flight engineer, has been hospitalized. Fath Airport belongs to Iran’s elite Revolutionary
