To date, Ryanair, Europe’s largest low-cost carrier, has launched 16 lawsuits against the European Commission in relation to state aid it has allowed for individual carriers such as Lufthansa, KLM, Austrian Airlines and TAP, as well as national schemes that mainly benefit flag-carrying airlines. Ryanair feels that what, to all intents and purposes, is financial
Germany’s Recaro Aircraft Seating has confirmed that it has signed an extension to its original 2016 contract to provide Airbus with SWIFT economy class seats, Bl3530, for the A320 Family aircraft. This contract extension will enlarge the supplier-furnished equipment (SFE) catalogue with the most up-to-date Recaro products. The SWIFT program was devised to target lessors
SAS has selected CFM International LEAP-1A engines to power its new fleet of 35 A320neo Family aircraft ordered in 2018. This agreement also includes eight spare engines. In addition, SAS has signed a Rate-Per-Flight-Hour (RPFH) support agreement with CFM to cover its new fleet of LEAP-1A engines, including spares, as well as 15 additional LEAP-1A-powered
Air Canada has reported a net loss for the 2020 fiscal year of CA$4.65 billion, or CA$16.47 per diluted share compared to a net income of CA$1.45 billion, or CA$5.44 per diluted share, in 2019, also reporting a net loss of CA$1.16 billion, or $3.91 per diluted share, in the fourth quarter ending Dec. 31,
Bombardier is to continue its transition from plane and trainmaker to solely a business jet manufacturer as it looks to lay off 1,600 of its staff. The majority, 800, will be mostly those based in Quebec, though some 250 in Wichita are also likely to go as operations on the poorly performing Learjet are to
United Airlines has completed an agreement to work with air mobility company Archer as part of the airline’s broader effort to invest in emerging technologies that decarbonize air travel. Rather than relying on traditional combustion engines, Archer’s electric vertical takeoff and landing (eVTOL) aircraft are designed to use electric motors and have the potential for
British Airways (BA) has announced that it is to start introducing blended fuel into its transatlantic flights from 2022. BA will be investing in a new Georgia-based LanzaJet U.S. plant which will produce sustainable aviation fuel (SAF) at a commercial-scale volume, which will be made from ethanol which has been derived from agricultural and other
On Monday, February 8, the Irish Strategic Investment Fund (ISIF) released details of its commercial investments in COVID-19 pandemic-hit businesses, which includes a three-year, €150 million loan to IAG’s Irish airline, Aer Lingus, and a €40 million loan to the Dublin Airport Authority. The ISIF was launched in 2014 to invest in supporting economic activity
NetJets has announced a dual investment in sustainable air fuel producer Wastefuel. As the only private aviation company to invest in the production of sustainable aviation fuel (SAF), NetJets has acquired a stake in WasteFuel in addition to agreeing to purchase 100 million gallons of SAF over the next ten years. Currently the two companies
Russia’s TMH Group, a supplier of rolling stock, has agreed to buy Norway-based Bergen Engines from Rolls-Royce for a net price of €150 million (US$180 million). The deal is one of a number of sales involving its smaller businesses in an attempt to mitigate the financial hardship the conglomerate is suffering as a result of
