Scandinavian Airlines (SAS) has confirmed that it has entered into an agreement with Apollo Global Management to raise US$700 million which it hopes will enable the stricken carrier to complete its restructuring process under Chapter 11 bankruptcy protection in the U.S. The news comes hot on the heels of an announcement that Norwegian, Danish and
Archer Aviation (Archer) has announced that further to United Airline’s agreement to buy up to 200 of its electric vertical take-off and landing (eVTOL) aircraft, the airline has made an advance payment of US$10 million (£8.25 million) as a pre-delivery deposit on 100 of the planes. Archer recently completed its production aircraft’s Preliminary Design Review
Lufthansa Technik AG has kick-started its training programme after a two-year break as a direct result of the COVID-19 pandemic. 186 of the recruits will commence their apprenticeships at German locations, while a further 23 recruits are ‘dual students’ who are combining a degree course with practical applications. 209 new training positions or places to
The US Federal Aviation Administration (FAA) has confirmed it expects Boeing to recommence deliveries of its 787 Dreamliner this week, with American Airlines due to receive the first of these new deliveries es early as today (Wednesday). This will be the first delivery of a Dreamliner since April 2021. The approval from the FAA comes
Russian carriers, including Aeroflot, are having to cannibalise certain aircraft to provide sufficient spare parts to keep other aircraft in the skies. Western sanctions have seen an embargo on the supply of aircraft spare parts to Russia since its invasion of Ukraine. Not only has the sanction had an effect on Airbus and Boeing aircraft,
Scandinavian Airlines (SAS) has managed to avert further damaging strike action as Norwegian, Danish and Swedish members of the pilots’ unions have voted to accept a collective bargaining agreement that was reached last month. In July the loss-making Scandinavian carrier had to cancel 3,700 flights during a financially disastrous 15-day strike which is estimated to
Atlas Air Worldwide, a leading global provider of outsourced aircraft and aviation operating services and parent company of Atlas Air, Inc. and Titan Aviation Holdings, Inc., has announced that it has entered into a definitive agreement to be acquired by an investor group (the Consortium) led by funds managed by affiliates of Apollo together with
With Qatar Airways refusing to take delivery of any further Airbus A350s until the European planemaker makes good on what the Gulf carrier calls premature surface damage, Airbus has finally had enough of the situation and has revoked the existing order for what stood at 19 aircraft as at the end of June, according to
In a bid to minimise ongoing travel chaos, British Airways (BA) has announced that it has suspended the sale of all short-haul flight tickets from Heathrow International Airport until August 8, in a bid to mitigate problems travellers are encountering with flight delays and cancellations. The move has also been taken to enable existing travellers
Australia’s new low-cost-carrier (LCC) Bonza has confirmed it has taken delivery of the first of seven Boeing 737 MAX 8 aircraft it has committed to receiving during 2022. The arrival ceremony was held at the Sunshine Coast Airport, 90km north of Brisbane, where the LCC will be based. The new airline, owned by Miami-based investment
