Norse Atlantic Airways (Norse), a brand-new low-cost carrier has announced it plans to commence services in early 2022 and to be fully operational by the summer of that year. With a fleet of 15 Boeing 787 Dreamliners, the new airline will concentrate solely on low-cost transatlantic flights, filling the void created when Norwegian Air Shuttle
SkyWest has signed an agreement with Delta Air Lines (Delta) to purchase and operate 16 new Embraer E175aircraft under a multi-year capacity purchase agreement. These aircraft are scheduled to be placed into service beginning in the first half of 2022, and will be placed into service ratably through year-end 2022. The aircraft will be purchased
Canadian business jet manufacturer Bombardier has released its financial results for the second quarter of 2021 and on the back of a strong first half year, has raised its full-year guidance. Aircraft deliveries, revenue, profitability, and cash use should all now outperform previously given targets. Business jet revenues during the second quarter of 2021 climbed
DHL Express has announced its order for the very first 12 Eviation e-Cargo Alice aircraft with deliveries anticipated to commence in 2024. Seattle-area based Eviation is a manufacturer of all-electric aircraft and its Alice model is due to commence test flights later in the year. Alice can be adapted to meet the needs of cargo
Rolls-Royce has signed an agreement to sell its Bergen Engines medium speed liquid fuel and gas engines business to global engineering group Langley Holdings for an enterprise value of €63 million. Langley is funding the deal, together with working capital requirements for the Bergen business going forward, from existing cash reserves. The agreed sale of
Munich, Germany-headquartered Lilium has announced it is entering into a strategic alliance with Brazilian airline Azul to create an exclusive eVTOL network in Brazil. Azul will buy 220 of the 7-seater Lilium electrical vertical take-off and landing (eVTOL) jets for up to US$1 billion. It is anticipated that the network will become operational in 2025.
Air Lease Corporation (ALC) has announced long-term lease placements for ten used Airbus A320-200 aircraft with Allegiant. The aircraft are scheduled to deliver to the airline beginning in fall 2021 through Summer 2022. “Bringing these ten aircraft into Allegiant’s fleet provides a number of advantages aligned with our unique business model and goals,” said Robert
The U.K.’s Ministry of Defence (MOD) has awarded a £250 million (US$350 million) for the Tempest program which will deliver the military, industrial and economic requirements of Britain’s Future Air Combat System (FCAS), marking the official start of the program’s concept and assessment phase. The concept and assessment phase contract will see the partners develop
The European asset manager Attestor has acquired a 51% stake in Condor as planned. The transaction has been approved both by anti-trust officials and the EU Commission, which also issued state-aid approval for the acquisition of Condor through Attestor. The decisions cleared the way for Attestor to invest €200 million in fresh equity capital in
The first of the three A220s for Air Austral, France’s La Réunion Island-based airline, has been delivered from the Airbus A220 Final Assembly Line (FAL) in Mirabel, Canada. The second and third aircraft are expected to join the Air Austral fleet in the coming days. This A220 will be the first of the type to
