EDM, a global provider of training simulators to the civil aviation and defence sectors, has invested £1m in a suite of new CNC machines to support its strong growth. Purchased over the past 12 months to help meet the demands of EDM’s rapidly growing order book, the four new CNC machines enable the company to […]
EDM invests £1m in new CNC machines to support growth Read More »
In what Carsten Spohr, chief executive of Lufthansa, said was a “great day” for his company, Germany’s largest carrier has agreed to purchase the lion’s share of Air Berlin, which filed for bankruptcy protection on August 15. The purchase price of €210m (US$245m) will see Lufthansa looking to acquire 80 of Air Berlin’s 144 aircraft,
“Great day” for Lufthansa as it buys major portion of defunct Air Berlin Read More »
Sepang Aircraft Engineering (SAE), an MRO centre based in Kuala Lumpur, Malaysia, partially owned by Airbus since 2011, has become a fully owned Airbus subsidiary, following the acquisition by Airbus of its remaining shares. With this acquisition, SAE becomes an integral part of the Airbus Customer Services network and is set to represent a key
Sepang Aircraft Engineering becomes fully owned Airbus subsidiary Read More »
Delta Air Lines has released financial results for the September quarter 2017. Adjusted pre-tax income for the September 2017 quarter was US$1.7bn, a US$182m decrease from the September 2016 quarter. Pre-tax income includes a US$120m reduction from the operational disruption following Hurricane Irma that hit the Caribbean, Florida, Georgia and, specifically, Delta’s hub in Atlanta.
Delta Air Lines posts 2017 September quarter profit Read More »
Finnair acquires 60% of Nordic Regional Airlines AB (Norra) from Staffpoint Holding Oy (StaffPoint) and Kilco Oy (Kilco). Finnair currently owns 40% of the company, and following the transaction Norra will transfer full ownership to Finnair on an interim basis. The transaction has no impact on Norra’s operations or personnel. Norra operates Finnair’s domestic and
Finnair acquires Norra on an interim basis Read More »
Air France-KLM has completed the capital increases reserved to China Eastern Airlines and Delta Air Lines. The 75,054,820 related new shares have been admitted to the regulated market of Euronext Paris and Amsterdam. These capital increases, announced on July 27, 2017, have been approved by the General meeting of shareholders on September 4, 2017. Each
Completion of capital increases reserved to China Eastern Airlines and Delta Air Lines Read More »
According to a memo seen by Reuters, Airbus Defence and Space has frozen capital expenditure and is stressing upon its 34,000-strong workforce to take “drastic measures” to make cash savings. This has come as a result of the European aerospace giant facing the prospect of missing its 2017 cash targets by hundreds of millions of
Capex frozen as Airbus defense unit fears missing 2017 cash goals Read More »
Boeing plans to acquire Aurora Flight Sciences Corporation, a world-class innovator, developer and manufacturer of advanced aerospace platforms, under an agreement signed by the companies. Aurora specializes in autonomous systems technologies to enable advanced robotic aircraft for future aerospace applications and vehicles. Leveraging autonomous systems that include perception, machine learning and advanced flight control systems,
Boeing to acquire Aurora Flight Sciences Read More »
Qatar Airways has further strengthened its commitment to Italy, with the acquisition of a 49% of AQA Holding, the new parent company of Meridiana fly (Meridiana), while the previous sole shareholder Alisarda has kept 51%. Qatar Airways currently flies from Doha to Rome, Venice, Pisa and Milan a total of 42 times per week and
Along with several other airlines, Southwest Airlines (Southwest) has had to readjust its third-quarter revenue projection. In Southwest’s case, the hurricanes which devastated parts of Florida and Texas, while leaving the whole of Puerto Rico without power, together with the recent earthquake which has destroyed swathes of Mexico, has forced the American carrier to cut
Hurricanes and earthquake see Southwest Airlines revise revenue guidance downward Read More »
