Unmanned Aerial Vehicle (UAV) or drone sales continue exponential growth with analysts forecasting global sales to reach a staggering US$36.9bn in just six years. Already one of the world’s leading manufacturers of hobby drones, DJI, generated revenue of US$1bn in 2015 alone. As a consequence of drone systems leading the way in aerospace manufacturing, many
Unconfirmed news has been disclosed by two separate sources that British private equity firm, Terra Firma, has rejected a second offer for its leasing group AWAS by China’s HNA Group. This comes after HNA had successfully acquired Avolon Holdings last year via its leasing arm, Bohai. It is understood the figure paid for Avolon was
Bombardiers request for further aid of US$1bn has undergone due diligence from the Canadian government, with an unnamed source confirming that “The due diligence is done. The government is preparing to make an announcement in a matter of weeks, not months.” The additional funds are required for Bombardier’s C-Series development which aims to challenge the
Just under a year ago Zodiac Aerospace was facing an operating income shortfall of 44.6% for the financial year 2014/2015 as a result of production delays at its aircraft seat division. In November 2015, Zodiac were in arrears on 500 packs, approximately 1500 seats. Despite American Airlines taking legal action against Zodiac Aerospace and subsequently
In 2012 the loss of 4,500 jobs at Iberia was announced during a period of restructuring where the airline reduced its fleet by 25 aircraft and its network capacity cut by 15% in a bid to reverse cash losses by mid-2013 and raise profits by at least €600m. These job cuts came hot on the
After a year-long investigation in to the crash of Germanwings flight 9525, which occurred on March 24 2015, killing all 150 passengers and crew on board. France’s Le Bureau d’Enquêtes et d’Analyses pour la Sécurité de l’Aviation civile (BEA) have urged air agencies across the world to amend their policies with regard to medical workers’
Airlines for America (A4A) has been a strong supporter of the proposed restructuring of the FAA via Bill Shuster’s (R- Pennsylvania) reauthorization bill which aims to create a nonprofit and independent corporation to manage and operate US air traffic control (ATC). This is the alternative to the Bipartisan Senate FAA reauthorization bill proposed by John
With Indian banks struggling to deal with approximately US$120 billion in bad debts, demands from authorities to clean up their balance sheets has seen heightened efforts to recover US$1.40 billion from former carrier Kingfisher Airlines, which ceased operations in October 2012, leaving a string of debts behind it. The airlines debts were guaranteed by the
Despite the confirmed return of Oscar Munoz to the United helm only two months after undergoing a heart transplant and despite the positive impact he had already made at United in the month prior to his hospitalization after a heart attack, an investor-driven shake-up of the board is looming. The two investment funds who own
Nearly two years after the disappearance of Malaysia Airlines flight MH370, the International Civil Aviation Organization (ICAO) Council has announced in Montréal that it will be adopting new provisions to avoid the total disappearance of commercial aircraft that are in distress in remote locations. These new provisions take the form of amendments to Annex 6
