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
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
