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Russian government to create United Leasing with GTLK and VEB merger

Russian state leasing company GTLK is to be merged with state investment corporation VEB’s leasing arm to create a single entity. The plan has been disclosed by Russian prime minister Mikhail Mishustin during a 23 November meeting with deputy ministers...

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Lion A330 excursion prompts new guidance on crew proficiency

Indonesia’s National Transportation Safety Committee (NTSC) has advised the country’s civil aviation body to develop guidelines surrounding proficiency and training exemptions in light of the coronavirus outbreak, following a runway excursion involving a Lion Air Airbus A330-300. Indonesia’s National Transportation...

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Tokyo to retire iconic F-4 in March 2021

Tokyo will operate its McDonnell Douglas F-4EJ Phantom IIs until the end of March 2021, at which point the type will be retired. The final flight schedule has yet to be determined, says the Japan Air Self Defense Force (JASDF). The...

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SIA raises S$500 million from privately placed 10-year bonds

Singapore Airlines has raised S$500 million ($373 million) from a private placement of new 10-year, 3.5% bonds. The offer was launched at S$300 million and upsized to S$500 million, “after a strong appetite was apparent from a select group of...

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Mesa will operate 40 CRJ-900s for American Airlines

Mesa Air Group, the parent company of Mesa Airlines has signed a new five-year contract with American Airlines to operate 40 Bombardier CRJ-900 aircraft for the Fort-Worth-based carrier beginning on 1 January. Mesa Air Group, the parent company of Mesa...

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Pandemic’s effect on converted freighters led Boeing to trim 20-year cargo outlook

A pandemic-caused surge in conversions of younger passenger jets to freighters is among reasons why Boeing cut its 20-year cargo-jet forecast. A pandemic-caused surge in conversions of younger passenger jets to freighters is among reasons why Boeing cut its 20-year...

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Avibras to develop family of cruise missiles for Brazil’s air force

The Brazilian air forced has chosen defence contractor Avibras Indústria Aeroespacial to develop a family of air-launched long-range cruise missiles. The Brazilian air forced has chosen defence contractor Avibras Industria Aeroespacial to develop a family of air-launched long-range cruise missiles. The service...

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How EASA’s 737 Max requirements differ from the US FAA’s

While the European airworthiness directive to modify the Boeing 737 Max for return-to-service are the same as those issued by the US FAA, some of the operational requirements will differ. The European Union Aviation Safety Agency has invited comments on...

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High debt levels will hamper airline recovery: IATA

Airlines face a challenge to recover from the increased debt burden which has resulted from efforts to survive the crisis with the industry not projected to turn cash positive for another year. Airlines face a challenge to recover from the...

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IATA deepens airline net loss forecast for 2020 to $118bn

IATA now expects the global airline industry to record a net loss of $118 billion in 2020, some $34 billion deeper than the figure it projected in June. IATA now expects the global airline industry to record a net loss of...

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