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
An Aeroflot Sukhoi Superject-100 with 78 passengers on board caught fire after taking off from Moscow’s Sheremetyevo airport a 17:15 local time, Sunday, en route for the city of Murmansk. According to the Interfax news agency, the flight crew issued a distress signal shortly after take-off, but the plane apparently failed with its first attempted
BOC Aviation has delivered to Air Europa the first of seven new Boeing 787-9 Dreamliners. These are part of a purchase and leaseback transaction. The remaining six aircraft – also Boeing 787-9 Dreamliners – are scheduled for delivery between now and the fourth quarter of 2020. All seven aircraft will be powered by Rolls Royce
Only three months after acquiring the wing manufacturing unit from Triumph Group, Bombardier has announced its intention to sell both its wing-making plant in Belfast, Northern Ireland, and its aerostructures plant in Morocco. While both enterprises supply customers beyond Bombardier, 3,600 jobs are now at stake in Belfast, while the Morocco unit has over 400
