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
As art of its bid to reach net-zero carbon emissions by 2050, European low-cost carrier easyJet has invested heavily in the retrofitting of Airbus’ fuel saving Descent Profile Optimisation (DPO) function and also its Continuous Descent Approach (CDA) for compatible aircraft. The immediate effect will be a 1% fuel saving once the fleet-wide retrofit has
American planemaker Boeing Co. together with its former CEO Denis Muilenburg have agreed to pay the American Securities and Exchange Commission (SEV) a fine of US$200 million for having misled the public over the two fatal crashes of its 737 MAX jet. The SEC has alleged that both Boeing and Muilenburg knew that there was
With its current manufacturing facilities located in the Downsview area of Toronto, De Havilland Canada has announced its intention to create a brand-new, state-of-the-art manufacturing facility located approximately 30 minutes to the east of Calgary in Wheatland County. The new facility will be named De Havilland Field and will comprise a new, state-of-the-art aircraft assembly
While maintaining its proposed output target of 75 narrow-body jets per month by 2025, European planemaker Airbus has been forced to accept current supply chain issues and has lowered the pressure on suppliers to commit to meeting Airbus’ proposed target. Currently many suppliers have openly confirmed that parts’ shortages would remain “largely through the end
