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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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Lufthansa Technik takes on 209 new trainees after two-year hiatus

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

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