Having been in administration since last year, Italian aircraft maker Piaggio Aerospace will not be broken up as a buyer is sought, according to a statement from Italian government Deputy Prime Minister Luigi Di Maio. The hope is that a buyer will be found for the whole, or one of its two divisions – engines
Munich, Germany-based Lilium has unveiled its latest all-electric jet-powered five-seat taxi which has the capability and range to enable it to fly up to 300km in just 60 minutes with zero emissions. The Lilium Jet has been developed as part of a revolutionary on-demand air taxi service. The prototype was shown off for the first
A combination of the delivery of fewer planes and a surge in spending ahead of the deal which will see Boeing take an 80 per cent stake in the commercial jets arm of the Brazilian planemaker has resulted in Embraer posting a US$42.5 million loss for the first quarter, 2019. Revenue fell 26 percent to
The day after Jet Airways chief financial officer Amit Agarwal resigned, the grounded Indian low-cost carrier’s chief operating officer, Vinay Dube has also resigned, for what has been stated as “personal reasons”. Agarwal’s resignation was effective from May 13, while Dube’s resignation is effective immediately, as of May 14. Dube joined jet Airways in 2017,
Onex Partners, the private equity platform of Toronto-based Onex Corporation, will lead the investment buyout of Canada’s second-largest commercial carrier WestJet for an agreed figure of CA$3.5 billion, plus a further CA$1.5 billion in assumed debt. The announcement today comes two months after Onex first approached the board of WestJet in March. Onex will pay
At the end of the week where Dubai-based Emirates posted a 69 percent drop in its full-year profit, the carrier’s Executive Vice President and Chief Commercial Officer, Thierry Antinori, has resigned with immediate effect. Adnan Kazim, Divisional Senior Vice President, Strategic Planning, Revenue Optimisation and Aeropolitical Affairs has been appointed as the acting CCO in
Early this Thursday morning, the sighting of a drone at Germany’s Frankfurt airport resulted in all take-offs and landings being suspended for approximately one hour as the incident was investigated. At just after 8.15 a.m. local time the all-clear was given, but not before 143 take-offs and landings were canceled. In addition, 48 aircraft which
As is becoming a regular occurrence, the arrival of the summer holiday season in Europe has seen the commencement of two commercial aviation-related strikes. This Friday, a number of airport staff, along with some employees of debt-ridden Alitalia, and Air Italy, will be going on strike between 12 noon and 4 p.m. local time, though
As part of its continued growth strategy, Germany’s largest commercial airline, Lufthansa, has made a non binding offer for U.K. travel giant Thomas Cook’s offshoot carrier Condor. According to a Lufthansa spokesperson: “We have made a non-binding offer for Condor, with the option of extending it to all Thomas Cook airlines.” Thomas Cook has been
When questioned whether the Russian-built Sukhoi Seperjet-100 would be grounded following Sunday’s fatal Aeroflot crash which killed 41 people, the country’s transport minister, Yevgeny Ditrikh, commented bluntly that “There are no grounds for that.” The Sukhoi Superjet-100 is the first new passenger jet to be developed in Russia since the fall of the Soviet Union
