Former F1 champion Niki Lauda, founder and former owner of Niki, the low-cost airline, has joined forces with Condor, Thomas Cook’s German airline, to bid approximately €100 million (US$120.00) for 38 Air Berlin leased aircraft. Bids for the insolvent low-cost carrier have to be submitted by this Friday, after which a decision will be made
Boeing and Malaysia Airlines Berhad (Malaysia Airlines) today signed a Memorandum of Understanding for 16 airplanes during a ceremony at the St. Regis Hotel in Washington D.C. The announcement includes eight 787-9 Dreamliners by converting eight of Malaysia Airlines’ existing order of the Boeing 737 MAX aircraft and eight additional purchase rights of the 737
In what has been seen as a wildcat strike, 200 Air Berlin pilots called in sick on September 12, at short notice, forcing the insolvent carrier to cancel over 100 flights, resulting in chaos at many German airports and the cancellation of a number of trans-Atlantic flights. With the ailing carrier presently up for sale,
Desser, a leading provider of aviation parts and services to OEM and aftermarket customers, has announced the acquisition of Rotable Repairs, one of UK’s leading providers of wheel and brake MRO services for corporate and jet transport markets. Rotable Repairs is headquartered at London’s Southend Airport, and is readily poised to serve Europe, the Middle
Embraer and SkyWest have signed a firm order agreement for 25 E-Jets. The order has a value of US$1.1bn, based on current list prices, and will be included in Embraer’s 2017 third-quarter backlog. All 25 aircraft are scheduled to be delivered in 2018. Of the 25 aircraft, SkyWest will receive 15 E175 SC (Special Configuration)
Fischer Advanced Composite Components (FACC), the Austria-based aerospace company has signed a €500 million (US$600 million) contract with Airbus for its new “Airspace“ cabin in the A320 family. FACC will provide the overhead stowage compartments and ceiling panels, continuing the 15-year relationship it has had with the plane manufacturer for the supply of interior fittings.
Earlier this week shares in AirAsia fell by 1% on the release of disappointing Q2 net returns, with a 60% drop in net profit compared to Q2 2016. Th is result was mainly due to higher operating costs, predominantly 60% higher staff costs and 82% higher aircraft fuel expenses. Despite this result, the Kuala Lumpur-based
Ryanair’s Chief Executive, Michael O’Leary, announced on Thursday, August 31, that the low-cost carrier intends to bid for 90 of Alitalia’s planes and associated routes. Although it has indicated that it intends to operate the planes with existing cabin crew and staff, some redundancies and aircraft lease restructuring will likely be required. Alitalia has been
To enhance the management, control and protection of the country’s borders, the U.S. Customs and Border Protection (CBP) has opted for Rockwell Collins’ ARINC Border Management Solutions to supply Advanced Passenger Information (API) and Passenger Name Record (PNR) data from airlines across the globe. The ARINC Border Management Solution will enable CBP officials to access
Germania, the airline with headquarters in Berlin and which operates scheduled and charter flights to European, North African and Middle Eastern destinations, has sought the help of a German court to stop the German government from releasing a €150 million (US$180.5 million) bridging loan to Air Berlin prior to approval being granted by the European
