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NewsVirgin Australia bondholders drop challenge to Bain Capital sale
A group of Virgin Australia bondholders, represented by two fund managers, have withdrawn their application to the Australian Takeovers Panel to challenge the airline’s sale to Bain Capital.
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Stability tests conducted on proposed An-124 successor
Researchers have analysed low-speed behaviour of a proposed successor to the Antonov An-124 heavy freighter, and are set to assess its aerodynamics in cruise. The proposed aircraft, dubbed ‘Slon’, would be powered by Aviadvigatel PD-35 engines, and have a payload capability of 180t and a range of 3,800nm. ...
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Wizz Air’s Abu Dhabi division sets out initial route network
Wizz Air’s new Middle Eastern operation is to focus initially on the eastern Mediterranean and Caucasus when it commences services in October. The new venture, Wizz Air Abu Dhabi, will station two Airbus A321neo in the United Arab Emirates capital. But this fleet will be expanded to six ...
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Government tries to divide SAA pilots as creditor vote looms
South Africa’s government is appealing to individual South African Airways pilots to break from their union’s position and accept voluntary severance packages, as the beleaguered airline faces a critical creditor vote on its proposed rescue. Cockpit union SAAPA has put forward alternative proposals intended to reduce retrenchments and increase ...
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USA clears $250 million in support for South Korean RC-800s
The US government has approved a $250 million support package for South Korea’s fleet of Hawker RC-800 Peace Krypton tactical signals intelligence jets.
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Japan to suffer heaviest revenue hit among APAC countries: IATA
Japan, Australia, India and South Korea are the Asia-Pacific countries that will see the worst revenue impact from the Covid-19 pandemic, running into tens of billions of dollars, IATA has predicated. In providing a country-by-country breakdown, IATA reiterates its 9 June forecast that Asia-Pacific, as the first region to ...
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USAF orders eight Boeing F-15EX as part of deal worth up to $23bn
The US Air Force has ordered eight Boeing F-15EX fighters as part of a larger deal the manufacturer says could be worth nearly $23 billion.
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Toray Industries to supply carbonfibre material for Lilium Jet
Electric vertical take-off and landing (eVTOL) start-up Lilium has signed an agreement with composite specialist Toray Industries to provide raw carbonfibre material for the Lilium Jet, as the German firm further secures its supply chain.
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American expects this week to notify pilots of layoffs
American Airlines intends to notify pilots this week of potential layoffs, a move coming after executives estimated the airline may need to cut some 1,500 pilot jobs.
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Pentagon invests $13.4m to boost drone start-ups during coronavirus slump
“Funds across five companies saved 14 jobs, created 20 new positions, and will support continued advancement of capabilities providing the companies additional paths for recurring revenue”, says the US Department of Defense.
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Lufthansa prepares launch of new leisure unit Ocean
Lufthansa has incorporated a new entity named Ocean to operate long-haul flights to tourist destinations and reduce the “complexity” of the group’s current presence in that segment.
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ATR 72 struck sea surface after crew turned off ground-proximity system
Investigators have determined that a Royal Air Maroc Express ATR 72-600 twice struck the surface of the Mediterranean Sea during an extraordinary botched approach to Al Hoceima airport, badly damaging the turboprop before its crew diverted to Nador. Analysis of the incident showed the pilots had proceeded with an ...
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SkyDrive readies eVTOL ‘flying car’ for its first public sortie
Japanese start-up SkyDrive is preparing to fly its electric vertical take-off-and landing (eVTOL) test aircraft in public for the first time in August, as it sets its sights on building a thriving air taxi and urban air mobility market in the country on the back the developmental battery-powered design.
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European Commission gives KLM state financing the go-ahead
KLM’s €3.4 billion ($3.8 billion) state-support package has been approved by the European Commission.
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Cathay shareholders approve HK$39 billion bailout plan
Cathay Pacific’s shareholders have given the green light for a HK$39 billion ($5.03 billion) recapitalisation plan. At the closing of an extraordinary general meeting held on 13 July, the carrier’s shareholders voted overwhelmingly to approve the plan. In total, three resolutions and two special resolutions were put up ...
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El Al faces class-action suit alleging unpaid ticket refunds
Israeli flag-carrier El Al is facing a lawsuit over allegations that it failed to reimburse customers for cancelled flights, and did not inform the public about their right to receive a refund. The class-action suit has been brought before a district court by all passengers who were due to ...
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CR929 faces delays amid Beijing, Moscow differences
Russia has disclosed that the Sino-Russian CR929 widebody programme will make its first delivery in 2028-2029, in what appears to be another round of delays in the programme’s production timeline. Russian media reports cite Irkut chief Ravil Khakimov as saying that the delivery timeline will move to the right, ...
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Airbus Helicopters lists partners for Australian special forces bid
Airbus Helicopters will work with 20 partners to support its H145M pitch for an Australian special forces requirement.
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UIA 737 shot down as command chain broke after defence system blunder
Two missiles were fired at a Boeing 737-800 over Tehran after a misaligned defence system, and a breakdown of communications and procedures, led the aircraft to be misidentified as a hostile intruder. Evidence from Iranian investigators indicates that only the first missile hit the Ukraine International Airlines aircraft, although ...
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German air force to use A321LRs for troop and medevac roles
Two Airbus A321LR twinjets are to be modified for troop transport and medical evacuation roles on behalf of the German air force. The aircraft are to be delivered to maintenance and modification specialist Lufthansa Technik’s facilities in Hamburg in August and October next year. Lufthansa Technik says its ...
