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Lufthansa Technik Philippines opens new 9,000 m² overhaul hangar in Manila

Lufthansa Technik Philippines, the joint venture between Lufthansa Technik AG and MacroAsia Corporation, the largest Philippine aviation service provider, has held an opening ceremony at Manila Airport for the opening of a new 9,000 m² hangar which will increase the company’s existing seven lines to ten. The parking spaces provide options for multiple configurations, such

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Eve and Blade Air Mobility join forces for substituted eVTOL UAM simulation

Eve Holding (Eve) is to conduct a North American urban air mobility (UAM) simulation and instead of using eVTOLs the company will be using helicopters powered by Blade Air Mobility (Blade). The intention is for Eve to study operations, ground services, passenger journeys and eVTOL operator needs, creating more accessible and faster connections to Downtown

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US$500 million recapitalisation of CHC Helicopter completed

CHC Group LLC (CHC) has announced that through a comprehensive US$500 million recapitalisation, subject to regulatory approvals, it will now be able to significantly reduce its funded debt obligations. The global rotary wing aviation company specialises in providing transportation services to offshore oil and gas platforms, civilian search and rescue and air medical evacuation services

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SAS may avoid bankruptcy after securing US$700 million in fresh financing

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

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