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Transat warns of ability to remain ‘going concern’, eyes Air Canada lifeline

Transat AT, owner of Canadian leisure carrier Air Transat, has warned investors about its ability to remain in business “as a going concern” if a planned acquisition by Air Canada falls through., has warned investors about its ability to remain a “going concern”...

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FAA clears pilots to receive Pfizer vaccine

The Federal Aviation Administration is allowing pilots to receive Pfizer’s Covid-19 vaccine, so long as they wait 48h before returning to the cockpit. The Federal Aviation Administration is allowing pilots to receive Pfizer’s Covid-19 vaccine, so long as they wait...

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Croatia Airlines to receive Kn600m through capital injection and loan

Participants in a Croatia Airlines extraordinary assembly have approved an increase in the airline’s share capital through the issue of new shares to the Croatian government. The decision was made during the assembly on 14 December. Under the measure 35...

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Oklahoma City street crews will continue snow clearing efforts through next round of snow

Oklahoma City street crews will continue working 12-hour shifts as another round of snow fall is expected Tuesday. Crews driving 29 trucks affixed with plows and salt spreaders will address slick spots on bridges and streets overnight. Once the snow...

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AirAsia X plans stock issue to raise funds while cutting share capital

Long-haul budget carrier AirAsia X is planning to broaden the extent of a planned capital reduction, and raise additional funding through a new share issue. AirAsia X aims to raise RM300 million from current shareholders plus another RM200 million from...

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Tamarack calls attention to factors contributing to a 2019 Cessna CJ1+ incident

Winglet maker Tamarack Aerospace is stressing that several factors other than erroneous deployment of a control surface contributed to a 2019 incident involving a Cessna Citation CJ1+. Winglet maker Tamarack Aerospace is stressing that several factors other than erroneous deployment of a...

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Montreal’s aerospace industry to partner with Nagoya’s aviation cluster

Quebec’s aerospace industry has partnered with the aerospace cluster in Japan’s Aichi prefecture, home to Japanese aerospace company Mitsubishi Aircraft in the industrial city of Nagoya. Quebec’s aerospace industry has partnered with the aerospace cluster in Japan’s Aichi prefecture, home...

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Corsair secures state aid as Intro and TUI sell stakes

The Europe Commission has approved €136.9 million ($166 million) in state aid for French leisure carrier Corsair. The European Commission has approved €136.9 million ($166 million) in state aid for French leisure carrier Corsair, paving the way for the struggling...

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Virgin Atlantic cancels launch of Delhi and Mumbai flights from Manchester

Virgin Atlantic has cancelled the launch of services between Manchester airport and the Indian cities of Delhi and Mumbai. “We are continuously reviewing our flying programme and in response to the ongoing impact of Covid-19 we have made the difficult...

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Elbit secures Romanian IAR-99 avionics contract

Elbit Systems has been awarded a contract worth $27 million for its role in a project to upgrade the Romanian air force’s IAR-99 Standard jet trainers. Elbit Systems has been awarded a contract worth $27 million for its role in...

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