All air transport news – Page 393
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NewsBGI leads race for Israir as bidders continue to tweak offers
Prospective bidders for Israir are continuing to tweak proposals, even after the trustee overseeing the sale highlighted a preferred offer, that submitted by BGI Investments. BGI Investments is controlled by a private company, Shai Odem, which is jointly owned by entrepreneurs Rami Levy and Shalom Haim. Israir’s trustee has put ...
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NewsBoeing trims 787 production again, as undelivered inventory climbs
Boeing has cut its planned 2021 787 production from six to five jets monthly in response to the long-haul air travel sector’s lack of recovery.
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NewsNorwegian tests debt-for-equity appetite again in bid for funding
Scandinavian budget airline Norwegian is again proposing a debt-for-equity conversion as part of an effort to raise funding, just six months after persuading creditors to sign up to a similar scheme. Norwegian says it will request “significant equitisation” of debt at market price, and seek approval for a NKr4 billion ...
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InterviewWhy Embraer commercial aviation chief is staying upbeat despite downturn
Although Arjan Meijer took the helm of the Brazilian airframer’s commercial arm at a particularly difficult time, he believes the strength of its E-Jet line will power it through the pandemic.
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NewsJoint bidders interrupt Israir sale with late acquisition offer
Investment bank Wadiah Capital is attempting a belated entry into the contest to acquire Israeli carrier Israir, submitting a joint offer with Australia Aviation Amrock. The companies have put forward a proposal for a joint acquisition through a 51:49 venture in which Wadiah would hold the majority share. Their submitted ...
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NewsMTU becomes second PW1100G MRO shop in China
Pratt & Whitney has opened its second PW1100G geared turbofan MRO centre in China, with MTU Maintenance Zhuhai joining P&W’s global network of MRO providers.
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NewsFAA order targets 787 localiser-capture issues
The Federal Aviation Administration is requiring 787 operators to update aircraft flight manuals to include new localizer-approach procedures.
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NewsBoeing positions Ryanair deal as 'momentum' ahead of optimistic 2021
Boeing’s executives are describing Ryanair’s new 737 Max order as a turning point for the troubled Max programme and indicative of a faster-than-expected airline sector recovery.
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NewsGulf Air to open Tel Aviv link and explore El Al codeshare
Bahraini carrier Gulf Air is to open scheduled to services to the Israeli hub at Tel Aviv, in a further air transport tie-up between the states following normalisation of diplomatic relations. Gulf Air is also set to explore codeshare opportunities with Israeli flag-carrier El Al under a comprehensive memorandum of ...
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NewsRyanair orders 75 more Boeing 737 Max jets
European low-cost carrier Ryanair has ordered 75 more Boeing 737 Max aircraft, lifting its firm commitments to the type to 210.
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NewsEl Al persuades ministry to advance security expenses
Israeli flag-carrier El Al has been granted a degree of financial relief after the government agreed to provide advance payment to the airline for expenditure on security services. El Al says the ministry of finance has agreed to the request for advance payment of $15 million for security expenses over ...
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NewsEASA certifies ATR 72-600 freighter
ATR has obtained European approval for the manufacturer’s purpose-built freighter, based on the ATR 72-600 airframe. The manufacturer, which launched the programme in 2017 based on an order from cargo operator FedEx, stared flying the first example of the -600F in September. It has since shown off the initial turboprop ...
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NewsSAS not counting Norwegian out as rival plans $450m share issue
Scandinavian operator SAS believes that it will face a fiercely competitive situation in the region during crisis recovery, irrespective of the survival – or otherwise – of budget rival Norwegian. Norwegian disclosed plans on 3 December to pursue a new share issue intended to raise gross proceeds of up to ...
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NewsSAS shifts deliveries of A350s and A320neos to align with recovery
SAS has shifted deliveries of a pair of Airbus A350-900s due to arrive in the current fiscal year, shifting them to fiscal years 2022 and 2023 instead. It has also deferred introduction of eight Airbus A320neos, pushing back the delivery of two batches of four aircraft each by a couple ...
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NewsSAS expects further losses for 2020-21
Scandinavian operator SAS expects losses to persist through the full-year 2020-21, but insists its recapitalisation will prepare the airline for the winter season and the continuing disruption from the air transport crisis. SAS chief executive Rickard Gustafson says the winter will be “tough” while the new fiscal year will be ...
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NewsWinglet maker Tamarack expands with new South Carolina install site
Business-aircraft winglet manufacturer Tamarack Aerospace has opened a new installation facility in South Carolina, adding a third such installation site to the company’s footprint.
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NewsAirbus execs hype TwoTwenty’s capabilities at VBACE
Pandemic aside, Airbus’ executive jet division has had a notable year, having recently unveiled its ACJ TwoTwenty and delivered its first ACJ350.
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NewsAirlines will need 5,500 aircraft with less than 150 seats by 2029: Embraer
Brazilian airframer Embraer expects the world’s airlines will require 5,500 aircraft with up to 150 seats in the coming ten years, as the industry reinvents itself after the historically disruptive coronavirus pandemic.