Spirit rejects US$3.6 billion offer, JetBlue now considering a hostile takeover bid

Spirit Airlines (Spirit) has rejected an offer of US$3.6 billion, US$33.00 per share, made by ultra-low-cost carrier JetBlue at the beginning of April this year. This offer is appreciably higher than the US$2.9 billon, then worth US$25.83 per share, cash and stock offer from Frontier Airlines (Frontier), announced in February this year. Spirit has chosen […]

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airBaltic wet leases one Ukraine International Airlines aircraft

Aircraft & Engines

Latvian airline airBaltic has agreed to wet lease one Ukraine International Airlines Boeing 737-900ER aircraft. The aircraft and its crew will perform flights within airBaltic’s network short-term starting from May 1, 2022. Martin Gauss, airBaltic Chief Executive Officer: “Ukraine International Airlines has been a reliable long-term partner of airBaltic. It is now a very challenging

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Delta TechOps, Asiana Airlines enter engine maintenance agreement

MRO & Production

Delta TechOps will be a maintenance, repair and overhaul provider of Asiana Airlines’ CF6-80C2 engines over the next five years, bringing the engines powering the South Korean carrier’s Boeing 747 and 767 aircraft under its extensive global portfolio. Delta TechOps people will expertly carry out scheduled engine overhaul shop visits during the five-year period. Additionally,

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Boeing reports increased stability and growth for aircraft finance sector

Other News

Boeing Capital Corporation, a wholly-owned subsidiary of The Boeing Company, has released the 2022 Commercial Aircraft Financing Market Outlook (CAFMO) showing improving financing stability as the industry recovers from the impacts of the global pandemic. “Financiers and investors remain committed to the long-term fundamentals that continue to make aircraft a valuable asset class,” said Tim

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Embraer and Aernnova conclude strategic partnership agreement in Évora

Financial

Embraer and Aernnova have concluded the strategic partnership agreement announced in early 2022. Therefore, Aernnova now owns all shares of Embraer Metálicas and Embraer Compósitos, in an investment totalling approximately US$174 million. For Embraer, this partnership is another opportunity to increase the production capacity of these two units, since besides supplying components for the company’s

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Kalitta Air commits to using ExxonMobil aviation lubricants across its fleet

Other News

ExxonMobil has announced that Kalitta Air will now use Mobil Jet™ Oil II and Mobil™ HyJet™ IV-Aplus across its entire fleet. Kalitta Air, which currently uses Mobil Jet Oil II as well as Mobilgrease™ 33 and Mobilgrease™ 28 in its Boeing 777 freighter fleet, will commit to using Mobil Jet Oil II in its Boeing

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Qantas places major Airbus aircraft order to shape its future

Aircraft & Engines, Top Stories

Australia’s Qantas Group has confirmed that it will order 12 A350-1000s, 20 A220s and 20 A321XLRs. The news was announced at a ceremony in Sydney attended by Qantas Group CEO Alan Joyce and Airbus Chief Commercial Officer and Head of Airbus International, Christian Scherer. The A350-1000 was selected by Qantas following an evaluation known as

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Southwest Airlines will cut 1,750 jobs to create a leaner and more agile organisation © Southwest Airlines

Southwest Airlines reports first-quarter net loss of US$278 million

Financial

Southwest Airlines has reported its first-quarter 2022 financial results. The company posted a net loss of US$278 million, excluding special items, a net loss of US$191 million down 8.8% compared with first-quarter 2019. Cash provided by operations was US$1.1 billion. The company was encouraged by the sharp rebound in revenue trends in March 2022, despite

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Virgin Australia looks to Boeing as it targets greater capacity while lowering emissions

Aircraft & Engines

Virgin Atlantic has unveiled the first phase of its fleet growth programme which will see it acquire four new Boeing 737 MAX 8 aircraft introduced to its network and those Fokker twin-engine F100 aircraft which are retired from service will be replaced by Boeing 737-700s. The carrier currently operates a fleet of 10 F100s.

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Wizz Air takes delivery of the 1,000th GTF-powered Airbus A320neo-family aircraft

Aircraft & Engines

Pratt & Whitney has released that 1,000 Airbus A320neo-family aircraft powered by GTF engines have now been delivered to airlines around the world. The 1,000th aircraft was an A321neo delivered to Wizz Air in Budapest, Hungary. The airline has selected GTF engines to power 276 A320neo family aircraft, of which 54 have now been delivered.

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Spirit rejects US$3.6 billion offer, JetBlue now considering a hostile takeover bid

airBaltic wet leases one Ukraine International Airlines aircraft

Delta TechOps, Asiana Airlines enter engine maintenance agreement

Boeing reports increased stability and growth for aircraft finance sector

Embraer and Aernnova conclude strategic partnership agreement in Évora

Kalitta Air commits to using ExxonMobil aviation lubricants across its fleet

Qantas places major Airbus aircraft order to shape its future

Southwest Airlines reports first-quarter net loss of US$278 million

Virgin Australia looks to Boeing as it targets greater capacity while lowering emissions

Wizz Air takes delivery of the 1,000th GTF-powered Airbus A320neo-family aircraft

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