Norwegian Air (Norwegian) has reported its fourth-quarter 2021 and preliminary full-year 2021 financial results, revealing a pre-tax (EBT) profit of NOK 117 million for the fourth quarter compared to a loss of NOK 16.6 billion for the fourth quarter of 2020. In the fourth quarter of 2021, 3.1 million passengers travelled with Norwegian, up from
SR Technics has announced that it has signed an MoU for maintenance, repair and overhaul with Bamboo Airways at the Singapore Airshow 2022. The deal has been valued at US$60 million whereby the two companies will jointly work together to explore areas of cooperation including CFM56-5B engines, training services, also providing technical services and component
Los Angeles, California-based Air Lease Corporation (ALC), has announced that it has placed 25 Boeing 737-8 aircraft with Malaysian Aviation Group (MAG), the parent company of Malaysia Airlines. Deliveries are due to commence in early 2023 and will continue through until 2026, the planes coming from ALC’s order book with Boeing. Izham Ismail, Group Chief
CDB Aviation has committed to an additional twelve conversions with Elbe Flugzeugwerke GmbH (EFW), expanding its A330 P2F fleet to fourteen aircraft. Moreover, the lessor is on pace to launch the A330-300 P2F freighter type in China in 2022, with lease commitments from Sichuan Airlines and Jiangxi Cargo Airlines. “We have strategically positioned our platform
Global full-service aircraft lessor Aviation Capital Group (ACG), wholly owned by Tokyo Century Corporation, has signed a firm contract for 20 Airbus A220s following its order for 40 A320neo-family aircraft including five A321XLRs announced in December 2021.” “We are delighted to expand our partnership with Airbus through this A220 order”, said Steven C. Udvar-Hazy, Senior
Embraer offshoot Eve has announced that it has formalized the process for obtaining a Type Certificate for its electric vertical take-off and landing (eVTOL) aircraft with the Civil Aviation Agency of Brazil (Agência Nacional de Aviação Civil (ANAC)). With this agreement, Eve has underlined its commitment to ANAC where compliance with international technical standards and
Families of the victims of the two Boeing 737 MAX crashes have had their request to declare that the government violated their legal rights when it reached a US$2.5 billion resolution of criminal charges with the American planemaker opposed by both Boeing and the US Justice Department. While the DOJ confirmed in its court filing
Vertical Aerospace (Vertical) has announced a joint development programme with Italian aerospace, defence and security specialist Leonardo to design, test, manufacture and supply the carbon composite fuselage for the Vertical VX4 electric aircraft. The two companies will concentrate on optimising composite structures, modular design, systems installation and structural testing for the co-development of the aircraft’s
American budget carriers Frontier Group Holdings (Frontier Airlines) and Spirit Airlines Inc (Spirit Airlines) are to merge to create the fifth-largest American carrier in a US$2.9 billion deal. Frontier Airlines will hold a controlling stake in the yet-to-be-named new carrier. The move could prove beneficial to both carriers while airlines, domestically and internationally, struggle to
In an effort to avoid its current stake in the former Bombardier C Series programme being diluted by a next round of financing, Quebec has agreed to contribute US$300 million to a combined total of US$1.2 billion in new investment. According to REUTERS news agency Quebec will maintain its 25% minority stake in the A220
