Monday, October 28, saw Sir Richard Branson’s Virgin Galactic Holdings Inc. (Virgin Galactic) become the first space-tourism enterprise to go public as it traded on the New York Stock Exchange (NYSE). The listing was the result of a merger with a currently trading shell investment company, Social Capital Hedosophia, and has now secured critical funding
Stock in Norwegian Air (Norwegian) soared by as much as 23% as the Scandinavian airline not only announced a Q3 net income of NOK1.67 billion, up from a previously forecast NOK 1.47 billion, but also announced a leasing deal to offload 27 new Airbus jets it is committed to purchasing. Norwegian has raised its 2019
While Boeing continues to struggle with the grounding of its popular 737 MAX jet, the American planemaker is seeing other problems surface as it decides to reduce production numbers of its 787 Dreamliner. Beyond either further reducing output of the 737 MAX or even halting production completely, plans for the production of a successor to
On the eve of the 2019 National Business Aviation Association Convention & Exhibition in Las Vegas, Gulfstream has unveiled its all-new flagship G700 while announcing that Qatar Executive will be the launch customer. According to Gulfstream, the G700 blends proven ultralong-range, speed and performance with flight-deck innovation and cutting-edge cabin creation to offer customers an
Embraer has inked a purchase agreement with Flexjet, one of the global leaders in private jet travel. The deal comprises a fleet of Embraer business jets, which includes the recently certified Praetor jets and the Phenom 300. Valued at up to US$ 1.4 billion, at current list prices, this deal was included in the 2019
As part of a research project on the effects of ultra-long-haul travel on passenger and crew, Qantas has set a new milestone in commercial aviation with a successful non-stop flight between New York and Sydney. The flight lasted 19 hours and 16 minutes, covering 16,200 kilometers (10,066 miles) with 50 passengers and crew on board
Sabre Corporation, the travel technology company based in Southlake, Texas has announced its acquisition of Radixx, the Orlando, Florida-based technology provider to low-cost and retail-focused airlines. Radix was founded in 1993 to leverage the technology industry’s fast-paced advancements, focusing on cloud-based solutions that could be rapidly deployed by airlines. With low-cost carriers holding a 30%
Swiss International Air Lines AG (Swiss), part of the Lufthansa group of companies and based near Basel, Switzerland, has announced that it has been forced to ground its fleet of 29 Airbus 220 jets in order to make engine checks after a technical problem was encountered by one of its jets on a London to
Condor Flugdienst GmbH (Condor) the German leisure airline and subsidiary of the now defunct Thomas Cook Group, has received approval from the European Commission for a loan from the German government of €380 million (US$418 million) to guarantee the smooth continuation of operations while it looks to shore up its future and battle against a
In a move that was originally recommended by shareholder advisory firms Institutional Shareholder Services Inc and Glass Lewis six months ago, Boeing’s board of directors has stripped Dennis Muilenburg of his chairmanship title shortly after the plane maker was severely criticized over the development of the 737 MAX. The board has confirmed that it still
