Air Asia is to sell its plane leasing operations to firms managed by BBAM Ltd. and which will see the sale of an impressive 182 Airbus jets. The initial part of the deal with one of the world’s largest aircraft portfolio managers is valued at US$1.2 billion and will assist AirAsia, the region’s largest budget
American Airline has refused to sign a new lease for an expanded O’Hare International Airport in Chicago, indicating that fellow tenant United Airlines is being given preferential treatment through the “secret” provision for extra gates. These claims have been vehemently denied by United, who have stated that the agreement for the gates was made more
Dassault Aviation, the French aerospace company, has announced the launch of the new Falcon 6X luxury business jet, while also announcing that it has scrapped its Falcon 5X model, according to Reuters. The Falcon 6X will have the same fuselage cross-section as the Falcon 5X but will instead be powered by two Pratt & Whitney
According to Reuters, the White House has confirmed that an agreement has been reached with Boeing for two new 747-8 jets to replace the current Air Force One planes, two Boeing VC-25As which began operations back in 1990. According to Deputy Press Secretary Hogan Gidley, “President Trump has reached an informal deal with Boeing on
Airbus, Delta, OneWeb, Sprint, and Bharti Airtel (Airtel) have combined resources to create the Seamless Air Alliance (SAA), which is intended to kick-start a new era of innovation for airlines on a global basis. Using satellite technology, mobile operators who are members of the alliance will be able to extend their services to airline cabins,
Speaking at a Barclays industrial conference in Miami, Bombardier Inc’s CFO John Di Bert gave a strong indication that the market for the higher-end business jet was now favored sellers instead of vendors, which it had done since the economic and financial crisis in 2008. “You’re starting to see that turn into being a bit
The European Aviation Safety Agency (EASA) has released the first formal Opinion on the safe operating of small drones in Europe and which will become an important stepping-stone to the building of a wider regulatory framework and a means to keep drone operations safe. This Opinion will act as a platform on which the European
While a record number of U.S. passengers were recorded in 2017, an increase of 4.5% compared to 2016 figures, the resultant increase in volume has seen a drop in the level of satisfaction experienced by passengers. The result of an annual Air Travelers in America Survey has revealed that of those passengers questioned, only 81%
Sardinia-based airline Meridiana is aiming to become Italy’s premier airline under a new name, Air Italy. The airline acquired the smaller Air Italy in 2011 and will adopt its name and fly as a new Air Italy. Alitalia, Italy’s previous flag carrier, went into administration in May last year and is now being auctioned off
Subsequent to last month’s indication from General Electric Company’s (GE’s) new CEO, John Flannery, that he was exploring the possibility of breaking up the company, sources are indicating that the sale of its industrial gas turbine business is being seriously considered. The possible sale of the industrial gas turbine business, which would include the Jenbacher
