General Electric Co. (GE) has confirmed the Group’s plans to reduce its office capacity in Boston and other locations as it prepares for its division into three independent businesses. In 2023 it plans to spin off its healthcare division, while in 2024 it plans to combine both its power and renewable energy businesses before they
Air France Industries-KLM Engineering & Maintenance (AFI KLM E&M) has announced that it has signed a Memorandum of Understanding (MoU) with Toulouse-based Ascendance Flight Technologies (Ascendance) to jointly explore collaborations in the areas of line maintenance, component repair, mechanics training and airworthiness management. Ascendance is currently working on a major take-off and landing aircraft (VTOL)
Panasonic Avionics Corporation (Panasonics Avionics) has announced that its Dundalk, Ireland maintenance, repair and overhaul (MRO) facility, operated by company offshoot Panasonic Technical Services (PTS), has been further expanded and now covers 23,000 ft². The MRO facility, when first opened in 2019 covered just 6,000 ft² and this latest expansion has also seen the site’s
An Airbus A320neo has been delivered to China Eastern Airlines from the Airbus Tianjin Delivery Centre powered with a 5% blend of sustainable aviation fuel (SAF). The SAF came from China’s only certified SAF facility, SINOPEC Zhenhai Refining & Chemical Company, a state-owned manufacturer and will be used in a blend for all further Airbus
Global aviation leasing leader AerCap has placed an order with Elbe Flugzeugwerke GmbH (EFW) for 15 Airbus A321P2F aircraft, with an option for a further 15 converted aircraft. The aircraft for the conversions will come from AerCap’s existing A321 passenger jet portfolio, the lessor being the owner of the greatest number of A320-family aircraft. EFW’s
Subsequent to obtaining a settlement with debtors in May and shareholder approval after the New York Southern District Court approved LATAM Airlines plans in June to exit Chapter 11 bankruptcy proceedings, the South American Group has confirmed it now has all financing in place to be able to exit these proceedings in the first week
In a first-of- its-kind arrangements, Delta Air Lines (Delta) is teaming up with Joby Aviation to deliver transformational, sustainable home-to-airport transportation to customers, initially in New York and Los Angeles. The joint venture will see a Joby-operated service integrated into Delta’s customer-facing channels, providing customers who travel with Delta through New York and Los Angeles
The Brazilian Development Bank (BNDES) has confirmed its approval of R$670 million in financing for the export of six Embraer E175 commercial jets to North America’s SkyWest Airlines (SkyWest). Delivery will take place by the end of this year. The financing will be through BNDES Exim Post-shipment, with disbursements made in reais in Brazil in
The UK’s regional carrier Loganair, based in Paisley, Scotland, is to be sold. During a difficult period for the airline industry, the company has been quick to point out that the sale has come about solely for personal reasons of the owners, Stephen and Peter Bond, and not for fiscal reasons. Loganair is currently “performing
In a unique joint-venture, Canadian Airline WestJet, currently headquartered in Calgary, has entered into an historic partnership with the Government of Alberta for aviation growth across the province. WestJet will now designate Calgary as its global connecting hub and all 787 Dreamliner intercontinental flights will be concentrated at Calgary. The intention is for Alberta to
