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
A final ruling has been issued by the U. S. Federal Aviation Administration that will now require flight attendants to have a minimum ten-consecutive-hour break between shifts, increased by one hour from the previous nine-hour break. The ruling also meets the requirements of the FAA Reauthorization Act of 2018, which directed the FAA to increase
As it comes out the other side of the COVID pandemic Swissport, the Swiss aviation services company providing airport ground, lounge hospitality and cargo handling services has successfully completed a new €600 million Term Loan offering whilst also entering into a new €200 million Super Senior Revolving Credit Facility. The funds will be used for
Having been acquired individually in the earlier half of 2021 by private Dutch investment company Panta Holdings, Fokker Services and Fokker Techniek, formerly part of Fokker Technologies, are to be rebranded and will come under a single Fokker Services Group umbrella. Fokker Services is an independent aerospace service provider, and Fokker Techniek, a leading aircraft
China’s first home-produced narrow-body jet, the state-owned Commercial Aircraft Corp of China (COMAC) C919, has obtained domestic type certification in what is seen as a major steppingstone on the plane’s journey to challenge both Airbus and Boeing narrow-body jets. The ceremony was held last Thursday in Beijing based on photographs issued of the event that
Singapore Airport Terminal Services (SATS) has announced it has agreed to purchase Worldwide Flight Services (WFS) for US$ 1.14 billion in cash from an affiliate of U.S. private equity firm Cerberus Capital Management. SATS will raise US$797 million in equity to fund the purchase and the deal will transform SATS into the largest global air
FlyBlade India (BLADE India) is a joint venture involving Hunch Ventures, a privately held New Delhi investment firm and BLADE India, an offshoot of Blade, the technology-powered urban air mobility (UAM) platform while Eve is an accelerated start-up for the UAM ecosystem backed by Brazilian planemaker Embraer. The two have announced a joint venture whereby
As a follow on to its introduction of the CO2 emissions calculator for passenger flights, IATA CO2 Connect the International Air Traffic Association (IATA) has teamed up with Etihad Airways (Etihad) to run trials on a similar concept for air cargo flights. As a means to report on progress in sustainability throughout the entire value
