Hi Fly Airline, The Mirpuri Foundation, and The Aircraft Performance Company GmbH are pushing the reduction of greenhouse gas emissions of in-service aircraft forward by introducing the new multi-fingered plug and fly retrofit wingtip solution TRINITAIR. The new TRINITAIR wingtip is capable of reducing fuel consumption by up to 2% and on particular applications beyond
The United States Federal Aviation Administration has confirmed that Boeing Co. has suspended all deliveries of the 787 Dreamliner until the agency receives all required data before confirming if the planemaker’s planned inspection method meets with federal requirements. “Boeing still needs to show that its proposed inspection method would meet FAA’s federal safety regulations. The
Having reported an overall adjusted net loss of US$2.26 billion for the quarter ended March 31, a loss for the fifth quarter in a row, Delta Air Lines (Delta) has run up a debt of US$346 million in unpurchased credits through Monroe Energy, a 185,000-barrel-a-day Delta-owned refinery. In the meantime, Delta is looking to convince
Seabury Securities LLC (Seabury), the investment banking arm of Seabury Capital Group LLC, has announced that acting as Lead Financial Restructuring Adviser, it has successfully helped Norwegian Air Shuttle ASA (Norwegian) complete its multi-jurisdictional financial restructuring while also raising SEK6 billion in capital. This latest news comes as a culmination of the involvement of courts
As airlines adjust to the return to air travel, SMBC Aviation Capital (SMBC) has confirmed it has ordered 14 further 737-8 jets from Boing Co. “We are pleased to have concluded an agreement with Boeing for the purchase of 14 low-cost-carrier-configured 737 MAX aircraft which is an aircraft we are seeing increased customer demand for
Low-cost Indian carrier IndiGo has announced that it has once again turned to CFM International and its LEAP-1A engine to power its fleet of 310 new Airbus A320s, A321s, and A321XLRs. The agreement involves 620 newly installed engines together with a multi-year service agreement and associated spare engines. This is the second major deal IndiGo
Virgin Galactic has successfully made its first rocket-powered flight from Spaceport America in New Mexico to outer space, some 55 miles (89 kilometers) above sea level. The two pilots were on board the VSS Unity shuttle which launched from VMS Eve, travelling at up to three-times the speed of sound during the flight, before gliding
ATRAN Airlines (ATRAN) has taken delivery of the first of two Boeing 737-800 converted freighters (BCFs) from GE Capital Aviation Services (GECAS), the second to be delivered later in May. ATRAN is a scheduled express cargo carrier and since 2011 it has been part of the Russia-based Volga-Dnepr Group of Companies. These two jets will
Having announced back in February 2019 that the Superjumbo – the double-decker A380 and largest commercial airliner – would cease production in 2021, Airbus is now faced with having to merge operations of two production plants in Spain as there will now be insufficient work for them both. On March 17, 2021 the final Airbus
In what is Europe’s largest defense project expenditure France, Germany, and Spain have reached an agreement over the next generation of fighter jets including unmanned drones – the Future Combat Air System (FCAS) – with an expected expenditure of around €100 billion (US$122 billion.) The new aircraft will begin to phase out the existing German
