The board of Sydney Airport Holdings has opted to reject last week’s offer of US$16.6 billion for Sydney Airport, which represented a 42% premium on the pandemic-affected value of the company. The offer came from the Sydney Aviation Alliance, a consortium comprising IFM Investors, QSuper, and Global Infrastructure Partners. Sydney Airport Holdings said on Thursday
On Wednesday, the European Union’s executive Commission made it clear that aviation must do more by 2030 to contribute to the EU’s goal to cut economy-wide net emissions by 55% from 1990 levels. As a consequence, current tax breaks enjoyed by airlines on jet fuel would see it become taxed in line with other transport
United Airlines Ventures (UAV), along with Breakthrough Energy Ventures (BEV) and Mesa Airlines, have invested in electric aircraft start-up Heart Aerospace. Heart Aerospace, located at Säve Airport in Gothenburg, Sweden, is developing the ES-19, a 19-seat electric aircraft that, before the end of this decade, has the potential to fly customers up to 250 miles .In addition
In a bid to disrupt the Canadian aviation landscape, Canadian carrier Porter Airlines has placed a firm order for 30 E195-E2 jets from Brazilian planemaker Embraer. In addition, the carrier has taken an option for a further 50 aircraft. With all options exercised, the deal is valued at US$5.82 billion at list price and Porter
Airbus will demonstrate its latest technological innovations and projects implemented in Russia at the International Aerospace Show which takes place in Zhukovsky from 20, to 25 of July. Key attractions will be the last-generation widebody A350-1000, which will be shown in the country for the first time, and the twin-engine EC145 rotorcraft. The A350-1000 is
Deutsche Lufthansa AG has again successfully issued a bond with a total volume of €1 billion. The bond, with a denomination of €100,000, was placed in two tranches with a term of three and eight years respectively, and a volume of €500 million each: the tranche with a term until 2024 bears interest at 2.0%
Deutsche Aircraft and H2FLY have announced the signing of a memorandum of understanding (MoU) to combine resources and collaborate in researching and developing hydrogen fuel cell technology for regional commercial aircraft. At the heart of the project is a Dornier 328 twin turboprop aircraft that will be converted to become a demonstrator aircraft with its
Israel Aerospace Industries’ (IAI) Aviation Group has agreed to establish a passenger-to-freighter conversion site to convert the Boeing 737-700/800 with Atitech at Atitech’s MRO center in Naples, Italy, following the rise in demand for cargo aircraft of this model. The cargo conversion site in Italy will join two existing cargo conversion sites in China. Atitech
A Philippines Air Force Lockheed C-130 transport aircraft has crashed after a failed landing attempt at Jolo Airport in the province of Sulu, Philippines. Having failed to land successfully at Jolo, the plane failed to gain sufficient height before crashing in nearby Patikul. Early reports indicate that there were 96 passengers on board, all military
After the surprise announcement two months ago of the retirement of its long-time CFO Greg Smith, Boeing has found a replacement, Brian West. West has been the CFO of financial market data provider Refinitiv since 2018 and will take up his new post on August 27, this year. He will be joining Boeing at one
