Future looks brighter for Norwegian – successfully raises NOK 6 million in capital

May 27, 2021

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

DAE will acquire a portfolio of Boeing 737-8, 737-9 and 737-10 aircraft from CALC

SMBC orders 14 more 737 MAXs – expands MAX portfolio to 121 jets

May 26, 2021

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

IndiGo once again opts for new CFM LEAP-1A engines – this time for 310 new Airbus aircraft

May 25, 2021

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 makes first test flight to outer space from Spaceport America, New Mexico

May 24, 2021

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 to lease two further 737-800 BCFs from GECAS

May 21, 2021

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

Airbus looks to close one of two Spanish plants with demise of Superjumbo

May 20, 2021

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

France, Germany, and Spain reach accord over €100 billion next-gen fighter jet

May 19, 2021

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

Volocopter unveils new urban air mobility aircraft design for connecting suburbs to cities

May 18, 2021

Volocopter, the pioneer of urban air mobility (UAM), has unveiled its newest aircraft, VoloConnect, at EBACE Connect. This electric vertical take-off and landing aircraft (eVTOL) is designed to connect suburbs to cities and complements the company’s existing family of aircraft for the intra-city mission. VoloConnect’s distinctive hybrid lift-and-push design is expected to achieve certification within

Gulf Air delays delivery of Boeing and Airbus jets for 6-8 months

May 17, 2021

As a result of operating at between only 50% and 60% of pre-pandemic levels according to Bahrain’s state carrier, Gulf Air has agreed with both Boeing and Airbus to postpone the delivery of currently ordered jets for between six and nine months. While no specific models were mentioned, Gulf Air had previously indicated it was

FAA gives Boeing’s troubled 737 MAX all-clear over fix for electrical faults

May 14, 2021

The fix for electrical faults on the Boeing 737 MAX that forced over 100 of the jets to be grounded in early April has received approval from the Federal Aviation Administration (FAA). Two bulletins with appropriate fixes which received FAA approval have been sent to affected carriers. “After gaining final approvals from the FAA, we

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