India’s largest conglomerate, Tata Sons (Tata), has acquired the country’s government-owned, debt-ridden carrier, Air India, having outbid SpiceJet to return the carrier to the private sector. It is understood that Tata will pay US$2.4 billion, (INR180 billion), while SpiceJet had offered INR151 billion. Tata will absorb INR153 billion of the carrier’s current debt of INR615
Airbus has received a further firm order from Global Medical Response (GMR) for 21 helicopters from its H125, H130, and H135 families, with an option for a further 23 aircraft. GMR is one of the largest operators of Airbus helicopters and in the last 18 months alone took delivery of 15 of them as part
Malaysia’s Air Asia Group has come to an agreement with European planemaker Airbus over changes to an existing order for 362 narrow-body planes. As part of the arrangement, 13 A320neos will be switched to the larger A321neo model. While the original schedule for deliveries is not publicly known, the new schedule will see deliveries through
BOC Aviation Limited (BOC), a leading global aircraft operating leasing company, has announced a firm order for ten Pratt & Whitney GTFTM engine shipsets and an option for 15 further shipsets which will be used for its Airbus A320 neo-family aircraft which are on BOC’s current order book which are scheduled for delivery between 2023
The Lufthansa Group is accelerating the modernization of its long-haul fleet. The Group has signed leases for four state-of-the-art and fuel-efficient Airbus A350-900 aircraft with lessors Avolon, SMBC Aviation Capital and Goshawk. As a result, the Group’s A350 fleet will grow to 21 aircraft at the beginning of 2022. The Airbus A350-900s are scheduled to
United Airlines has confirmed that 593 of its employees who are currently refusing to abide by its vaccine mandate will have their contracts terminated if proof of vaccination is not produced by next Monday. “This was an incredibly difficult decision but keeping our team safe has always been our first priority,” Chief Executive Scott Kirby
At the 13th China International Aviation and Aerospace Exhibition in Zhuhai, Air Travel and CFM International have signed a 12-year LEAP-1A engine rate per flight hour (RPFH) agreement to support the smooth operation of Air Travel’s A320neo aircraft that will be introduced in the future. The agreement, which includes the purchase of LEAP-1A spare engines,
In publishing its Annual Report for 2020/21, covering a challenging year with the ongoing COVID-19 pandemic causing extensive loss of traffic and revenue, Qatar Airways Group has reported a net loss of US$4.1 billion, of which U.S.$2.3 billion was due to a one-time impairment charge related to the grounding of the airline’s Airbus A380 and
United Airlines has been fined a total of US$1.9 million by the U.S. Department of Transport (DOT) for a total of 25 specific incidents where federal rules were violated as its aircraft were left on the tarmac, with passenger on board, for longer than three hours for domestic flights and four hours for international flights
It was last September when flag carrying airline South African Airways (SAA) ceased operations after it had been under a form of bankruptcy protection since December 2019, and since then all planes had remained grounded. The carrier had been struggling against the dual problems of lack of profitability and the effects of the global COVID-19
