Scandinavian Airlines (SAS), the flag-carrying airline of Norway, Denmark and Sweden, has successfully obtained U.S. court approval of its proposed US$700 million (£603 million) debtor-in-possession (DIP) financing credit agreement. DIP financing is a specific form of financing used when a business has filed for Chapter 11 bankruptcy protection in a U.S. court and is also
As the first major U.S. airline to create a venture fund dedicated solely to support its green commitment to reach net-zero emissions by 2050, United Airlines (United) has agreed to purchase 200 electric vertical take-off and landing (eVTOL) aircraft from Eve, with an option for a further 200 aircraft. The deal will involve an initial
The International Air Transport Association (IATA) has released figures for global air cargo demand for July, indicating a return to near pre-pandemic levels. As a consequence, the figures provided are predominantly a year-on-year comparison as opposed to previous comparisons with the 2019 period. Demand continued to track at near pre-pandemic levels in July (-3.5%), but
Austrian software company ASQS GmbH, the global provider of aviation safety and quality management solutions, has announced it is joining forces with Volocopter, the German Urban Air Mobility (UAM) pioneer. Through the integration of ASQS’ IQSMS quality and safety management system, Volocopter is looking to create a proactive safety culture in all its areas of
International high-technology group Safran Electrical and Power (Safran) has announced its intention to acquire Thales aeronautical electrical systems business which plays a role in power generation and electric motors in the civil and military aeronautics sector. The intended purchase will include Thales Avionics Electrical Systems and Thales Avionics Electrical Motors companies in France, with sites
Rolls-Royce has announced that it has broken ground on the construction of a brand-new production support for its Pearl 10X engine. The 2,000 ft² facility is located at Le Haillan, near Bordeaux, France. Currently the 10X will be found exclusively on the new twin-engine Falcon 10X flagship Dassault ultra-long-range business jet which will have a
Lufthansa pilots had instigated a one-day strike last Friday, September 2nd. The pilot strike has come on theback of failed pay talks and resulted in the cancellation of approximately 800 flights, which affected 130,000 passengers, while also disrupting cargo services. Flight cancellations affected both Frankfurt and Munich Airports. The pilots’ union Vereinigung Cockpit (VC) is demanding
According to Ryanair, one of Boeing’s potential customers for the 737 MAX 10, the American planemaker looks unlikely to meet the current certification deadline for the jet in late December this year. The problem for Boeing is that back in 2020 new laws were introduced that required all planes that are manufactured and certified after
Taiwan’s China Airlines has confirmed that it has placed a firm order with Boeing for 16 787-9 wide-body jets which will be used to replace the carrier’s ageing fleet of Airbus A330 aircraft. At a list price of US$4.6 billion, the deal was announced by the government-backed carrier shortly after the visit to Taipei by
United Parcel Services Inc. (UPS) has confirmed it has placed a firm order with Boeing Co for an additional eight 767 freighter jets. The order follows on from the 19 long-range freighters UPS ordered in December last year during the e-commerce boom which had raised the demand for air cargo services. 2021 was a good
