Rolls-Royce has announced that it will suspend its UltraFan geared-turbofan jet engine once the current testing phase is completed, which will be in 2022. Over US$800 million has been invested in the program which began approaching seven years ago. The British engine maker has indicated that it is not scrapping the engine but will instead
In order to comply with EU regulations for European-operated airlines, both Ryanair and Wizz Air have barred U.K nationals from buying shares in either airline and have both reclassed shares owned by U.K. nationals prior to January 1, 2021 as “restricted shares” where these shareholders “shall not be entitled to attend, speak or vote at
Bombardier, the Canadian plane and train maker has announced it has completed the acquisition of all issued and outstanding shares that it did not currently own from Lufthansa Technik AG and ExecuJet Aviation Group AG, for Berlin Service Centre. The company can now establish a wholly owned service center in Berlin which will enable it
As part of the delivery of three 777 Freighters to Boeing, the American planemaker has passed the 200 mark for deliveries of the world’s largest twin-engine freighter. The arrival of the three planes sees Qatar Airways’ now become one of the world’s leading air cargo carriers with a fleet of 24 77 Freighters and two
For the best part of sixteen years a dispute has existed between the U.S. and Europe over what have been deemed unfair government subsidies. While the U.S. objected to those granted to Airbus, The U.K, France, Spain, and Germany objected to those subsidies which had been given to Boeing by the U.S government. Emily Haber,
The controversial third runway at London’s Heathrow Airport has been given the go-ahead by the U.K.’s highest court, the Supreme Court. It has overturned a previous ruling by the Court of Appeal which had struck down an earlier approval for the runway on the grounds that the U.K. government had ignored climate change commitments when
China Airlines has unveiled the first of six Boeing 777 Freighters, officially becoming the 20th operator of the twin-aisle freighter. The 777 Freighter joins the airline amid growing demand for dedicated freighters as operators grapple with the impacts from the COVID-19 pandemic. An operator of an all-Boeing freighter fleet, China Airlines debuted its new 777
Subject to consultation and finalization of contracts, Swissport Australia has been appointed as preferred operating partner by Qantas at Sydney, Melbourne and Canberra airports. The five-year agreement was reached after a rigorous tender process and will cover up to 70,000 flights per year. This follows on from Swissport’s expanded contract with Qantas Group’s low-cost carrier
As part of its £2 billion disposal plan announced in August, Rolls-Royce has announced that it intends to dispose of Industria de Turbo Propulsores (ITP Aero) which has seen a continued negative impact on trading owing to the challenging civil aerospace market. However, defense, which represents 25% of ITP Aero volumes, benefited from the Eurofighter
Only days after TUI, the Anglo-German multinational travel and tourism company headquartered in Hanover, Germany secured a third round of emergency funding for €1. 8 billion, it has posted an annual loss of €3.0 billion as a result of the effect of the COVID-19 pandemic on the holiday industry sector. TUI had previously secured state
