SQUAWK

Canada’s TSB chief faults Iran’s 737 shoot-down report

The head of the Transportation Safety Board of Canada (TSB) has taken the unusual step of criticising Iran’s conclusions into the downing of Ukraine International Airlines flight 752.  The head of the Transportation Safety Board of Canada (TSB) has taken...

Continue Reading  

IAG to raise €1 billion through bond issue

IAG has issued two tranches of senior unsecured bonds to raise a total of €1 billion ($1.19 billion), which it will use to shore up liquidity and for other general corporate purposes. IAG has issued two tranches of senior unsecured bonds to...

Continue Reading  

Air China strikes deal with GECAS unit to acquire A320neos

Air China has disclosed plans to acquire 18 Airbus A320neos from GECAS subsidiaray AFS Investments. Air China has disclosed plans to acquire 18 Airbus A320neos from GECAS subsidiaray AFS Investments. The deal, announced by the Star Alliance carrier in a...

Continue Reading  

UIA 737 shootdown: Simulation supported air defence ‘misalignment’ theory

Judicial investigators carried out a simulation of the air defence system error which, according to an Iranian inquiry, led to the missile launch that destroyed a Ukraine International Airlines Boeing 737-800 over Tehran. Two air defence units were placed at...

Continue Reading  

FAA Releases Scoping Report for SpaceX Environmental Assessment

The Federal Aviation Administration (FAA) today released a report summarizing the public comments received during the scoping period for an Environmental Assessment (EA) of the SpaceX facility in Boca Chica, Texas. SpaceX plans to launch its Starship/Super Heavy vehicle from...

Continue Reading  

IAI reports record revenues and profits, despite Covid-19

State-owned aerospace and defence company hits $4.18 billion in sales as it finishes 2020 firmly in the black. Israel Aerospace Industries (IAI) today appeared to buck the crisis by reporting record revenues and net profits for 2020. It follows, what...

Continue Reading  

Extent of initial missile damage to shot-down 737 remains unclear

Few details on the immediate effect of an Iranian surface-to-air missile strike that brought down a Ukrainian Boeing 737-800 over Tehran have emerged in the investigators’ final analysis. Although the Iranian Civil Aviation Organisation has published the flight-data recorder traces...

Continue Reading  

Gol tweaked 737 leasing agreements in January

Gol renegotiated aircraft leasing agreements January, securing new terms that the airline says will save it R1.2 billion ($216 million) over one year. Gol renegotiated aircraft leasing agreements January, securing new terms that the airline says will save it R1.2...

Continue Reading  

Gol’s 2020 loss nears R5bn despite profitable final quarter

Brazil’s Gol swung to a profit in the fourth quarter of 2020, though substantial losses in the first nine months of the year left the Sao Paulo-based airline with a full-year loss of R4.9 billion ($881 million). Brazil’s Gol swung...

Continue Reading  

Updated Il-103 light single to be licence-built in Hungary

Russia’s United Aircraft has reached an agreement to licence production of a modernised version of the Ilyushin Il-103 single-engined light aircraft at a facility in Hungary. The pact was sealed with Hungarian firm Aviation Engineering. United Aircraft says the two...

Continue Reading