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
Transat A.T. (Transat) has released that the contemplated arrangement with Air Canada under the revised Arrangement Agreement between Transat and Air Canada dated October 9, 2020 (the Arrangement Agreement) has been terminated by mutual agreement of Transat and Air Canada, effective immediately. The parties have reached this agreement after having been advised by the European Commission
The U.S. Federal Aviation Administration (FAA) has approved the design for the Boeing 737 series MAX 8200 variant, which also includes all of the design improvements recommended for the 737 MAX following a 20-month review after the two fatal air crashes. The approval from the FAA moves Boeing one step closer to delivery of the
Having announced in November last year that it intended to become the major shareholder in Asiana Airlines Inc with a US$1.59 billion investment. Korean Air Lines (Korean Air) has revealed that it anticipates that two years after the purchase has been concluded the two rival airlines will be integrated. In addition, Korean Air intends to
British Airways has invested in ZeroAvia – a leading innovator in decarbonizing commercial aviation – in an effort to accelerate the development of 50+ seater aircraft capable of running on zero emissions hydrogen-electric power. British Airways and a group of investors including Horizons Ventures, Breakthrough Energy Ventures, Ecosystem Integrity Fund, Summa Equity, Shell Ventures, and
Southwest Airlines has completed its previously disclosed discussions with Boeing regarding the restructuring of its delivery schedule for MAX aircraft. The company has completed the multi-year evaluation of the successor aircraft to its Boeing 737-700 model, with the selection of the Boeing 737 MAX 7 aircraft. Southwest Airlines and Boeing reached an agreement on 100 firm orders
Boeing has announced it has recommenced deliveries of its 787 Dreamliner jet, having handed over one of the wide-body jets to United Airlines on Friday, March 26. The American planemaker is currently working through a raft of production defects that have kept dozens of the aircraft on the ground. However, Boeing remains on target with
As with many commercial aviation businesses, RECARO Aircraft Seating (Recaro) has been heavily impacted by the COVID-19 pandemic, which has been reflected in the company’s 2020 financial results which were released this Thursday where it, earned €295 million in 2020, which was 60% less than 209 revenue. Recaro has also revamped its long-term approach, while
Finnair has signaled its interest for electric aviation as a force to be reckoned with for future flying, signing a Letter of Interest for Heart Aerospace’s electric ES-19 aircraft, which is currently under development. Finnair could acquire up to 20 of the new 19-seater Heart Aerospace ES-19 electric aircraft, for use on the airline’s short routes. According to Heart Aerospace, the
