United Airlines Holdings Inc (United Airlines) has confirmed that it has entered into a US$2 billion term loan facility to be repaid on its maturity date of March 8, 2021. The carrier has indicated that the funds are to be used to pay certain transaction fees and expenses, and for general corporate purposes. Currently, airlines
Having failed for the first time in decades to post any orders for the month of January, while sales of wide-body jets improved, cancelations and conversions of orders for the stricken 737 MAX led to a disappointing month for the American planemaker. Having delivered 95 planes to customers in the first two months of 2019,
BOC Aviation Limited (BOC Aviation) has announced an agreement with American Airlines (American) to lease 22 Boeing 787 Dreamliners, with delivery to take place between 2020 and 2021. The aircraft will be powered by General Electric Genx engines. Robert Martin, Managing Director and Chief Executive Officer, BOC Aviation, said: “We are excited to welcome American
The trial relating to the downing of Malaysia Airlines Flight MH17 en route from Amsterdam to Kuala Lumpur on July 17, 2014 has begun. The plane, a Boeing 777, was brought down by a Buk anti-aircraft missile, killing all 193 passengers and crew on board, the majority Dutch nationals, but also passengers from Malaysia, Australia,
An investigative report produced by the U.S. House Transportation Committee into the fatal Lion Air and Ethiopian Airlines crashes involving the Boeing 737 MAX has found fault both with the way the Federal Aviation Administration (FAA) approved the plane’s design, and design failures on the Boeing side. The preliminary investigation classed the FAA’s certification of
Only six months after the collapse of Thomas Cook which left over 150,000 passengers stranded across the globe, the U.K.s Flybe has now gone into liquidation, despite promises six weeks ago from the government to bail out the ailing domestic carrier. Flybe, which employed over 2,000 staff, announced that all further flights had been grounded
Having operated at a loss of US$43.5 million in 2018, the United Arab Emirates’ carrier flydubai has posted a profit of 198.2 million dirhams (US$54 million) for 2019, the reversal in fortune partially helped by a compensation agreement with Boeing over the grounding of the 737 MAX jet in which an interim settlement has been
General Electric Co (GE) has announced that its former CEO, Jack Welch, has died at the age of 84. Welch was single handedly responsible for the transformation of a company best known for its production of light bulbs into the USA’s most valuable public company. In the 20-year period with Welch at the helm, GE
Rolls-Royce rounded off 2019 on a positive note having overcome most of the problems which had particularly beset its Trent 1000 TEN engine variant which powers the Boeing 787 Dreamliner with durability issues. With the roll-out of fixes progressing and increased confidence in a new engine blade due for production next year, the number of
The Court of Appeal has overruled the U.K. governments go-ahead for a third runway at London Heathrow Airport on the basis that it was unlawful. The principal bone of contention relates to environmental factors. Transport Secretary Grant Shapps said the government would take time to decide its next move. “The court’s judgement is complex and
