Subsequent to the Sri Lankan government’s announcement in March this year that the nation’s flagship carrier and oneworld member, SriLankan Airlines will be unable to repay debts which have amounted to in excess of US$1 billion, it has now invited expressions of interest in the privatization of both SriLankan Airlines and its low-cost subsidiary, Mihin
No sooner has Theresa May taken up her new position as UK Prime Minister than letters from both Heathrow and Gatwick representatives have been written advising her that in each case, shareholders and investors are prepared to back the proposals which are currently still under review. In a letter to May from one of the
Though the ban can be lifted at any time, the Federal Aviation Association (FAA) in the US has stopped all flights from Turkish Airlines to the USA, which affects thrice daily flights from Istanbul to New York JFK, Istanbul to Los Angeles and daily flights to Atlanta, Boston, Chicago O’Hare, Houston Intercontinental, Miami, San Francisco
SR Technics reported that sole shareholder Mubadala, the Abu Dhabi investment and development company, has agreed to sell an 80% stake in the company to HNA Aviation, a global enterprise group based in Haikou, China. SR Technics, a world leading MRO service provider for the civil aviation sector, will remain a standalone business within HNA
Seven months after Boeing announced it will reduce production of its 747-8 from 1.3 to 0.5 aircraft in September this year, Airbus has announced it will also be reducing production of the A380 from its current rate of 2.5 per month to 1.0 aircraft per month in 2018, underlining the current lack of demand in
With the FAA’s current authority due to expire on July 15, the US House has passed an extension until September 30, 2017 without any opposition. It is hoped that in the forthcoming months, areas of contention will be resolved regarding what some, including A4A (Airlines for America), see as the agency’s regulatory overreach through proposals
The Farnborough International Airshow got off to a dismal start on the first day of the seven-day event, with the afternoon’s flying display cancelled and the early closing of the airshow owing to the bad weather. While apologizing for the closure, the organizers made it clear the decision was made solely on the grounds of
It has been confirmed by Bell Helicopter that the first 525 Relentless test aircraft has crashed at Chamber’s Creek, 120km south east of Fort Worth, Texas and south of Bell Helicopter’s Xworx facility in Arlington, killing both pilots. As yet the cause of the accident is unknown, with Bell releasing the following statement: “This is
In January it was officially announced that the US would be lifting most of its economic sanctions against Iran after 37 years of existence. The sanctions were lifted as a result of the International Atomic Energy Agency (IAEA) confirming that Tehran has met its commitments to roll back its nuclear programme, under an agreement with
easyJet, Europe’s second-largest low-cost airline, has decided to seek a third air operator’s certificate and its second outside the UK in a move to protect itself against the potential problems created by the UK’s referendum result and vote to leave the European Union. easyJet Switzerland, a subsidiary of easyJet, currently holds the company’s second AOC.
