TAT Group enters into exclusive negotiations with Sagard, BPI France and Towerbrook funds for acquisition of Sabena technics’ capital

December 17, 2018

TAT Group has entered into exclusive negotiations with the investment companies Sagard, Bpifrance and TowerBrook in order to sell them its majority interest in its subsidiary Sabena technics, one of the European leaders in the field of aircraft maintenance and modification. This project was presented on December 17, 2018 to all Sabena technics Group’ s

U.S. – China trade war doesn’t deter Boeing from opening first 737 plant in China

December 16, 2018

Despite a 90-day relaxation in which it is hoped the U.S. and China will be able to negotiate a mutually agreeable trade deal, Bowing has opened its first 737 completion plant in Zhoushan, the result of a joint venture between the American plane giant and the state-owned Commercial Aircraft Corp of China (COMAC). The opening

Virgin Galactic’s manned SpaceShipTwo rockets into space and back

December 13, 2018

After taking off from the Mojave Desert in California, the Virgin Galactic SpaceShipTwo successfully reached an altitude of 82.7km, well beyond the altitude that space, or the thermosphere, begins at 80km, but below the recognised 100km altitude, the Karman Line, where the Earth’s atmosphere ends and outer space begins. It is understood that the rocket

Threat of jet repossession sees Avianca Brazil file for bankruptcy protection

December 12, 2018

Brazil’s fourth-largest carrier, Avianca Brazil, has cited the threat of repossession of aircraft as the reason why it had filed for bankruptcy protection, fearing that such an action would see it unable to continue operations. Currently 50 of its 58 aircraft are leased and recent negotiations with lessors have failed to find any common ground.

Airbus and Royole Technology sign MoU for aircraft cabin flexible electronic technologies

December 11, 2018

Airbus China Innovation Centre (ACIC) has signed a Memorandum of Understanding (MoU) with Royole Technology – a global pioneer in flexible displays, flexible sensors and foldable smartphones. The two parties will collaborate to develop applications that implement flexible electronic technologies in cabin environments and investigate the possibilities for commercial cooperation. Airbus has been dedicated to

Avianca looks to slash US$10bn 100-jet order

December 10, 2018

Avianca CEO Hernan Rincon has announced that the Latin American carrier is looking to renegotiate the US$10 billion 2015 deal it had struck with European plane maker Airbus for 100 A320neos. Commenting on the forthcoming talks with Airbus, Rincon stated that: “Of those 100, we’ll probably receive between 50 and 80 planes,” adding: “We don’t

Avolon orders 100 Airbus A320neo family aircraft valued at US$11.5 billion

December 7, 2018

Avolon, the international aircraft leasing company, has announced an order for 100 Airbus A320neo family aircraft valued at US$11.5 billion at current list prices. Dómhnal Slattery, Avolon CEO, commented: “Our order for 100 A320neo family aircraft builds on our leading industry position and reflects our ambition to become the global leader in the sector. We

Fly Leasing to sell 12 aircraft

December 3, 2018

Fly Leasing (FLY) has contracted to sell 12 narrowbody aircraft from its portfolio. The 12 aircraft have a weighted average age of 10.6 years and an average remaining lease term of 3.2 years. FLY anticipates the sales will generate in excess of US$125 million of cash after repaying debt and satisfying other transaction-related expenses. It

Icelandair reverses plans to acquire WOW Air

November 29, 2018

The future for Iceland’s low-cost carrier WOW Air looks bleak with Icelandair Group scrapping plans to buy out the struggling airline. Icelandair confirmed that conditions for the share purchase were “unlikely” to be filled by the company’s shareholder meeting November 30, 2018. WOW Air first took to the air in 2012 as a no-frills budget

Investigators confirm Lion Air 737 MAX not airworthy prior to fatal crash

November 28, 2018

Indonesian investigators have confirmed that the Lion Air Boeing 737 Max jet was not in an airworthy condition the day before its fatal crash on October 29 which killed all 189 passengers and crew on board. They have released that on the flight from Bali to Jakarta on the October 28, the pilot had to

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