Entities affiliated with the governments of Malaysia and Thailand have in recent days affirmed support for their respective flag carriers, both undergoing court-led restructurings. Entities affiliated with the governments of Malaysia and Thailand have in recent days affirmed support for...
The innovation-finance arm of American Express is the latest company to invest in Denver-based supersonic aircraft maker Boom Supersonic. The innovation-finance arm of American Express is the latest company to invest in Denver-based supersonic aircraft maker Boom Supersonic. Boom says...
A second General Atomics Aeronautical Systems’ Avenger Extended Range (ER) unmanned air vehicle (UAV) received an Experimental Certificate from the Federal Aviation Administration. A second General Atomics Aeronautical Systems’ Avenger Extended Range (ER) unmanned air vehicle (UAV) received an Experimental...
Bombardier aims to achieve 20% profit margins by 2025 through a mix of cost cutting, corporate restructuring, improved productivity, aftermarket expansion and increased sales of high-profit business jets. Bombardier aims to achieve 20% profit margins by 2025 through a mix...
Brazil’s Azul posted a profit in the fourth quarter of 2020 and is preparing for a stronger-than-industry-average recovery, especially across its domestic network and cargo operations. Brazil’s Azul posted a profit in the fourth quarter of 2020 and is preparing...
Safran has secured a credit line of €500 million ($600 million) from the European Investment Bank (EIB) to fund research into “innovative propulsion systems” for the next generation of single-aisle airliners. Safran has secured a credit line of €500 million...
Etihad Airways has accelerated restructuring efforts after its core annual operating loss more than doubled to $1.7 billion in 2020. Etihad Airways has accelerated restructuring efforts after its core annual operating loss more than doubled to $1.7 billion in 2020. The Middle...
Fleet adjustments and the failures of other airlines are likely to offset the impact of an accelerated fall in demand from business travellers in the coming years, according to Lufthansa Group chief executive Carsten Spohr. Fleet adjustments and the failures...
Signs have emerged of a shift in the effort to resolve the long-running transatlantic civil aircraft subsidies dispute, after the US government agreed to suspend tariffs on Airbus jets for four months. The measure follows the UK’s unilateral suspension of...
Vista Global – the parent of the largest European-owned private jet company, VistaJet – has expanded its US operations with the acquisition of brokerage Apollo Jets. Source: BillyPix Thomas Flohr set up Vista Global three years ago to expand the...