Through the signing of a definitive agreement, Dubai Aerospace Enterprise (DAE) has announced its intention to acquire the AWAS group of companies, a leading global aircraft leasing company. While terms of the transaction have not been disclosed, it is understood that it will be financed from funds managed by Terra Firma Capital Partners and the
Republic Airways Holdings, the parent of Republic Airline, one of the largest independent regional airlines in the United States, released that the Honorable Judge Sean Lane of the United States Bankruptcy Court for the Southern District of New York, has approved Republic’s Plan of Reorganization and has entered an order to that effect. This decision
Rostec State Corporation, the parent company of Russia’s United Engine Corporation (UEC), has announced this week that a 21.9 billion ruble investment will be made between 2017 and 2025 to upgrade production facilities prior to going into mass production of the Aviadvigatel PD-14 engine which will be used to power the new Irkut MC-21 narrow-body
After lengthy negotiations between unions and the Italian flagship carrier Alitalia, mediated by the Italian government, a rescue package for the ailing airline has been put to the vote, with approximately 12,500 employees casting their ballots between Thursday, April 20 and Monday April 24. In mid-March a comprehensive restructuring deal was put on the table
Following on from the announcement that 245 workers are to be laid off on May 19 after action taken by Boeing in January and March this year, the commercial airplanes unit has warned employees that hundreds more engineers are likely to be affected by another round of involuntary layoffs. It is understood these will begin
In response to last week’s highly publicised incident where a passenger on a United Airlines jet was forcibly removed to make way for a United crew member, the carrier has announced a change to its policy relating to ‘must-ride’ crew members. From now on, such crew members must make a seat booking at least one
Boeing and Silk Way have announced an order for 10 737 MAX 8 airplanes. The order, valued at US$1.1bn at current list prices, was previously attributed to an unidentified customer on the Boeing Orders & Deliveries website. “Silk Way’s success and profitability is a direct result of investing in its fleet and services and growing
Established as a joint company by Rolls-Royce and Safran Transmission Systems in 2015, Air Gearbox International (AGI) is celebrating the opening of a new 13,500m² plant in Ropczyce, south-east Poland. The expanded unit will be responsible for produce accessory drive trains (ADT) for all future Rolls-Royce civil aircraft engines. Currently employing over 50 people, staffing
The chairman of the Federal Communications Commission, Ajit Pai, would seem to have put an end to the possible lifting of a current ban on in-flight cell phone calls. Proceedings had begun back in 2013 to lift the ban which had been in place since 1991 due to the then concerns of cell phones having
Just weeks before Boeing delivers the first of its latest version of the 737, the 737 Max, the plane manufacturer is celebrating the 50th birthday of the first 737, which was a test aircraft flown for the first time on April 9, 1967. As of last month, Boeing had delivered 9,448 of the single-aisle twinjets,
