A five year truce has been negotiated between the U.S and EU concerning the 17-year spat over aircraft subsidies provided to Boeing and Airbus that were seen as unfair. As a consequence, many of the Trump-era retaliatory subsidies have also been suspended. Since 2004 both planemakers have taken their case to the World Trade Organization
GE Aviation and Safran have launched a bold technology development program targeting more than 20% lower fuel consumption and CO2 emissions compared to today’s engines. The CFM RISE (Revolutionary Innovation for Sustainable Engines) program will demonstrate and mature a range of new, disruptive technologies for future engines that could enter service by the mid-2030s. The
Santa Clara-based aviation startup Archer Aviation (Archer) unveiled its new two-seat electric vertical and take-off (eVTOL) urban taxi in Los Angles on June 10. Given the name ‘Maker’, the aircraft is a prototype of a four-passenger (five-seater) eVTOL aircraft it anticipates launching in 2024. Maker has a top speed of 150mph, has a range of
Russia’s S7 Technics, a leading MRO provider in both Russia and CIS has confirmed that its first Russia-based MRO facility for the repair of Honeywell auxiliary power units (APUs) has reached 85% completion, with the opening of the facility due in the fourth quarter of the year. The facility will be based at Sheremetyevo International
Having challenged financial aid provided to KLM and TAP, Ryanair has successfully challenged the EU’s approval of a €550 million state loan package for struggling German vacation carrier Condor. However, while the top European court’s ruling has annulled the EU’s approval of the loan, it has also suspended the application of the ruling in light
Southwest Airlines (Southwest) has confirmed it has ordered a further 34 Boeing 737 MAX 7 aircraft with delivery scheduled for 2022. Including those already on order, this takes Southwest’s anticipated deliveries of the MAX 7 in 2022 to 234 aircraft. Like many major airlines, Southwest sees the mass COVID-19 vaccination program and the easing of
Macquarie Infrastructure Corporation (MIC) and KKR, a global investment firm, have signed a definitive agreement for MIC to sell its Atlantic Aviation business to KKR for US$4.475 billion in cash, assumed debt and reorganization obligations. Atlantic Aviation operates one of the largest networks of fixed-base operations (FBOs) in the U.S. providing a full suite of
Low-cost Irish airline Ryanair is to appeal the injection of state funds into new Italian carrier currently referred to as ‘newco’ but which will be named Italia Trasporto Aero (ITA). The objection is being made on the grounds that, to all intents and purposes, the new carrier is simply a rebranding of the now defunct
United Airlines has announced its intention to buy 15 ‘Overture’ ultra-fast jets from Denver-based Boom Supersonic with an option to acquire a further 35 provided that they meet United’s safety, operating and sustainability requirements. This would see the return of supersonic trans-Atlantic flights which have been absent since the demise of Concorde in 2003. The
Long-haul Malaysian carrier Air Asia X is all set for restructuring having secured the approval of the shareholders of its parent company Air Asia Group. At an extraordinary general meeting, the survival of the Group’s affiliate was secured through the approval of all resolutions, including a rights issue and share subscription for new investors in
