Pratt & Whitney plans US$650 million investment in turbine airfoil production facility in North Carolina

October 26, 2020

Pratt & Whitney has announced plans to invest at least US$650 million through 2027 in a world-class turbine airfoil production facility in Asheville, North Carolina. The new, 1,000,000-ft² facility will house an advanced casting foundry for the production of turbine airfoils as well as conduct machining, coating and finishing of airfoils onsite. The investment is

China yet to confirm plans to lift flight ban on 737 MAX

October 23, 2020

The head of China’s aviation regulator, Feng Zhenglin, has advised that the country currently has no plans to lift the grounding of the Boeing 737 MAX, having been the first country to ban the aircraft from flying after two fatal crashes. Zhenglin confirmed that China would be prepared to lift the ban once the jet

United Airlines set to trial global health app in attempt to open up international borders

October 22, 2020

United Airlines has announced that it will be trialing a digital health pass on a flight between London Heathrow and Newark Liberty International, New Jersey, on October 21. The digital health pass aims to set a common international standard for COVID-19 test results, together with future vaccine records, in an attempt to encourage countries worldwide

PIMCO and GECAS to create US$3 billion aviation leasing investment platform

October 20, 2020

Investment Management PIMCO and GE Capital Aviation Services (GECAS), have reached a preliminary agreement to develop an aviation leasing platform to support up to US$3 billion in aircraft asset financings. The transaction is subject to customary closing conditions and receipt of required regulatory approvals. This strategic investment platform will enable GECAS and PIMCO-advised accounts to

U.S. exceeds 1 million airline passengers screened on October 18th

October 20, 2020

For the first time since March this year, over one million airline passengers were screened on Sunday, October 18, though the exact total of 1.03 million still saw a 60% reduction in passenger numbers when compared to the same period last year. While 1.26 million passengers were screened on March 16, that figure dropped to

General Atomics Europe intends to take over RUAG Aerospace Services

October 19, 2020

General Atomics Europe GmbH (GA-E), the medium-size service and consulting company with stakes in eight subsidiaries, has announced its intention to acquire RUAG Aerospace Services (RUAG), formerly part of the Swiss technology group RUAG International. This will enable GA-E to expand its product and service portfolio to include the maintenance and repair of business aircraft

Rolls-Royce looks to double up on October 1 bond offering to now raise £2 billion

October 16, 2020

On October 1, Rolls-Royce Holdings (Rolls-Royce) announced its intention to raise at least £1 billion through a bond offering as part of its strategy to raise £5 billion in a recapitalization package to support its long-term strategy. However, unanticipated strong demand for the investor Notes has seen the company double the size of the offering,

Combined research involving Volocopter opens way for multicopter use in emergency scenarios

October 15, 2020

In 2018 a feasibility study was launched by ADAC Luftrettung and sponsored by the ADAC foundation to examine if the rescue service system could be improved and future-proofed through the use of multicopters as a means of transport for emergency doctors, in cooperation with Volocopter, which is currently building the world’s first sustainable and scalable

Boeing suffers with more 737 MAX cancelations and continued 787 Dreamliner problems

October 14, 2020

For the month of September, Boeing Co (Boeing) delivered just 11 aircraft, considerably down on the 25 twin-aisle jets it delivered in September 2019, bringing total aircraft deliveries for the year to 98, again greatly reduced from the 301 aircraft delivered in the first nine months of 2019. This has caused considerable cash flow problems

EU looks to persuade U.S. to drop trade tariffs surrounding Airbus-Boeing dispute

October 13, 2020

Valdis Dombrovskis, the new EU trade chief has warned the U.S that it needs to withdraw its US$7 billion tariffs it has recently placed on EU products or it will have to deal with a retaliatory US$4 billion in tariffs on exports to Europe. For 16 years there has been a dispute between Europe’s Airbus

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