GOL Linhas Aereas Inteligentes has agreed to enter into several strategic transactions with the Constantino Family, GOL’s controlling shareholder, and Delta Air Lines to strengthen the airlines’ strategic alliance and enhance GOL’s financial position and liquidity. As part of the agreement, GOL’s controlling shareholder will invest up to US$90 million in newly issued preferred shares
China’s efforts to challenge the duopoly of Boeing’s 737 and Airbus’ A320 narrow-body aircraft with the country’s first production of a narrow-body commercial jet has been further delayed, though for reasons as yet unknown. The original launch date for the C9198 was 2016, but continual delays have seen that date change to 2018. While the
The A350 XWB arrived in Sao Paulo–Guarulhos International Airport, officially kicking off the aircraft’s Americas Demo Tour. The Demo Tour will continue taking flight test aircraft MSN 2 to other major airports in Latin America, stopping in Campinas, Brazil and Bogota, Colombia before heading to the United States. Senior Airline representatives from TAM, the A350
Frankfurt Airport (FRA) continued to record increased passenger traffic in the first half of 2015. Welcoming 28.9 million passengers from January to June 2015, FRA achieved strong 4.1% growth compared to the previous year and a new historic half-year passenger record. Furthermore, the average number of passengers per flight rose to 135.4 – an all-time
Operating as the low-cost arm of AirAsia (AirAsia Berhad), Indonesia AirAsia, based in Jakarta, is facing potential grounding if new financial regulations introduced by the Indonesian government become enforceable. The government has been increasingly concerned over the state of finances of 13 Indonesian airlines and as a consequences has given them all until the 31st
China Eastern Airlines’ decided to purchase 50 Next-Generation 737-800s as stated in their public disclosure to the Hong Kong stock exchange on July 9th. The airplanes will be operated by China United Airlines, a wholly-owned subsidiary of the China Eastern Airlines, and other branches and subsidiaries of the carrier. The order will be posted on
Lightweight metals leader Alcoa reported solid second quarter 2015 results as the Company’s transformation showed strong progress. Profitability from Alcoa’s growing aerospace and automotive businesses increased year-over-year as mid and downstream investments delivered positive impact. In the upstream, the Primary Metals business was resilient in the face of market headwinds and the Alumina business delivered
Jet Aviation Basel has expanded its maintenance capabilities, adding the B787 Dreamliner to its capability list following recent receipt of EASA Part-145 approval. The company was awarded the world’s first private completions project for B787-9 in May 2015. Jet Aviation Basel has received approval from EASA to add Boeing’s new flagship B787 Dreamliner to its
Avolon, the international aircraft leasing company, issued an update for the second quarter of 2015 (‘Q2’). Avolon agreed sale and leaseback transactions for 14 new aircraft in Q2 and delivered 14 new aircraft and sold three aircraft resulting in a 19% increase in its owned and managed in-service fleet to 152 aircraft at the end
The “green” ATR 72 prototype made the first flight of the “Clean Sky Joint Technology Initiative (CS JTI)” test campaign. CS JTI is a measure adopted by the European Parliament to support the trend of public-private partnership (PPP) initiatives in the field of research, with the aim of jointly developing a wide spectrum of technologies
