Boeing has reported that aircraft lessor Dubai Aerospace Enterprise (DAE) is growing its 737 MAX portfolio with an order for 15 737-8 jets. DAE had been investing in the 737 MAX by buying jets from existing customers and leasing them back to the carriers. The new order is DAE’s first direct 737 MAX purchase from
Volocopter and the global mobility technology group, Geely Technology Group, have presented Volocopter’s electric air taxi, the 2X, for the first time in China at Geely’s booth at the Shanghai International Automobile Industry Exhibition 2021. The companies are highlighting their cooperation and aim to introduce urban air mobility to the Chinese market and give visitors the chance to
Qantas Group has released encouraging projections for Q4 FY21, ending June 30, highlighting its recovery from the effects of the COVID-19 pandemic on air travel. While Group domestic capacity should reach 90% of pre-COVID levels for the last quarter, subsidiary Jetstar looks likely to exceed 100% thanks to a strong leisure demand. Forward projections into
Norwegian Air Shuttle (Norwegian) has increased its target of cash being raised prior to exiting bankruptcy protection. Courts in both Dublin and Oslo had recently agreed for the airline to convert debt to stock, but only on the condition that it raised a further NEK4.5 billion. However, that figure has been increased to NEK6 billion
Boeing has recorded a year-on-year nine plane increase in monthly deliveries with 29 delivered in March 2021 compared to 20 in 2020, while also maintaining a positive net order book for the second month running. February saw the first positive net orders for 14 months as confidence slowly returns to the company’s customers. Orders for
As part of a series of beneficial climate and environmental measure, French MPs have voted to ban all domestic flights in France where trains offer a viable alternative in two and a half hours or less travel time. It is estimated that planes that fly these short-haul routes produce 77-times the volume of CO2 per
With the Boeing 737 MAX only recently cleared to take to the skies again in the U.S. Boeing has now announced that there is a potential electrical problem with a certain number of the jets. “Boeing has recommended to 16 customers that they address a potential electrical issue in a specific group of 737 MAX
The International Air Transport Association (IATA) has released figures for the global air cargo markets for February 2021, clearly showing that demand continues to exceed pre-COVID-19 pandemic levels. Strong month-on-month growth compared to January 2021, February’s demand exceeded February 2019 levels by 9%. Current demand has now reached the same level seen in 2018, prior
The EU has given the green light for the French government to inject up to €4 billion into Air France by increasing its current 14.3% stake in Air France KLM to 30%. The deal has been subject to weeks of negotiations as the EU has always been keen to ensure that any aid given to
Bombardier has confirmed that worldwide fleet operator VistaJet is the customer for a previously disclosed firm order for ten Challenger 350 business jets. Bombardier announced the sale involving its best-selling Challenger platform on December 23; it was one of the biggest jet orders of 2020. VistaJet said in a press release that its firm order
