JetBlue enters service with first A220 aircraft powered by Pratt & Whitney GTF™ engines

April 27, 2021

JetBlue Airways’ (JetBlue) first Airbus A220-300 aircraft powered by Pratt & Whitney GTF™ engines, has officially entered scheduled service with the first revenue flight from Boston Logan International Airport (BOS) to Tampa International Airport (TPA). The aircraft – which was assembled at Airbus’s U.S. production facility in Mobile, Ala. – is scheduled to operate between

Leonardo to acquire 25.1% stake in HENSOLDT AG for €606 million

April 26, 2021

Leonardo has entered into a definitive agreement with Square Lux Holding II S.à r.l., a portfolio company controlled by funds advised by Kohlberg Kravis & Roberts & Co., to purchase a 25.1% stake in HENSOLDT AG (HENSOLD) for a cash consideration of approx. €606 million or €23 per share. HENSOLDT is a leading European player

IndiGo acquires 14 Airbus Neos through purchase/leaseback agreements with GECAS

April 23, 2021

GE Capital Aviation Services (GECAS) has agreed a purchase/leaseback (PLB) arrangement for 14 LEAP-powered Airbus neo aircraft with IndiGo. The deal involves seven A320neo and seven A321neo aircraft which are scheduled to deliver between the fourth quarter of 2021 and mid-2022. GECAS has supported Indigo since the carrier’s inception in 2006 and it is currently

Airbus plans to create new aerostructures companies in France and Germany

April 22, 2021

Airbus has reaffirmed its intention to build a stronger aerostructures assembly value chain across its industrial system to its social partners, and considers aerostructures assembly as core to its business. Airbus presented its plans to create two integrated aerostructures assembly companies at the heart of its industrial system in order to reinforce its value stream

Stobart Air sold for an initial £2.00 to 26-year-old blockchain entrepreneur

April 21, 2021

Having bought back Stobart Air from Bankruptcy in April last year, Stobart Group, now renamed Esken, has agreed to sell the airline to Ettyl for an initial, token £2.00. Ettyl is an Isle of Man-based startup whose CEO is 26-year-old serial entrepreneur Jason Scales who runs a blockchain and technology incubator called The Hubb. In

United Airlines post greater-than-expected loss, blames increased fuel costs and capacity slide

April 20, 2021

United Airlines (United) has released its first-quarter financial results, revealing a greater-than-anticipated loss which the American carrier has attributed to a combination of rising fuel costs and a drop in capacity as airlines struggle to cope with the lack of demand due to the COVID-19 pandemic. Compared to the previous three months, fuel prices rose

Dubai Aerospace Enterprise orders 15 Boeing 737 MAX jets

April 20, 2021

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 aims to introduce urban air mobility to Chinese market

April 19, 2021

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 projects domestic capacity to return to 90% of pre-COVID levels in Q4 FY21

April 16, 2021

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 to raise additional NEK6 billion before exiting bankruptcy protection

April 15, 2021

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

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