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
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
