SQUAWK

Vietnam’s central bank proposes $174m loan for flag carrier

Vietnam’s central bank is proposing to offer D4 trillion ($174 million) of loans to help the national flag carrier as it struggles amid the Covid-19 pandemic. The funds will be provided to Vietnam Airlines through credit institutions and refinanced by...

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​BOC Aviation’s profit dips by a quarter on record revenue

BOC Aviation’s net profit dropped by over a quarter in 2020 mainly due to the Covid-19 pandemic, although it managed to break the $2 billion revenue barrier for the first time. BOC Aviation’s net profit dropped by over a quarter...

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US Air Force accepts first Boeing F-15EX fighter

The choice to acquire the F-15EX is controversial as the fourth-generation fighter lacks the low radar cross-section of the service’s former favourite jet, the Lockheed Martin F-35 stealth fighter. The US Air Force (USAF) officially accepted the first F-15EX fighter...

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Aeroflot approves transfer of 10 737-800s to Pobeda

Aeroflot’s board has approved the transfer of 10 Boeing 737-800s from its fleet to that of its low-cost budget sister carrier Pobeda. The aircraft will be sub-leased from April-June this year according to the board decision, although the possibility of...

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FAA Extends Comment Period for Noise Research and Survey

WASHINGTON TheFederal Aviation Administration (FAA)has extended the comment period for the existing noise research portfolio, including the Neighborhood Environmental Survey, and additional areas recommended for investigation to April 14, 2021. Both notices are available onFAAs website; in addition, you can...

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Air Transat suspends operations until June

Transat AT, the parent company of Canadian holiday specialist Air Transat, has effectively shut down revenue operations due to the coronavirus mitigation measures imposed by the Canadian government earlier this year. Transat AT, the parent company of Canadian holiday airline...

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Transat ponders ‘plan B’ should Europe reject Air Canada takeover

Transat AT, parent of Canadian holiday-focused airline Air Transat, is working on a “plan B” in case its planned acquisition by Air Canada falls through. Transat AT, parent of Canadian holiday-focused airline Air Transat, is working on a “plan B”...

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Ethiopian Max crash probe in final stages: investigators

Ethiopia’s aircraft accident investigation bureau says its inquiry into the fatal Boeing 737 Max 8 crash near Addis Ababa is in its final stages. The accident involving Ethiopian Airlines flight ET302 occurred two years ago, on 10 March 2019, five...

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IAI to partner with UAE’s Edge on anti-UAV systems for Gulf market

In the first major industrial collaboration between the two nations’ defence sectors, Israel Aerospace Industries (IAI) is to partner with United Arab Emirates technology group Edge to develop a system to counter the threat of unmanned air vehicles for the...

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Low-cost carriers urge for long-haul to be included in EU’s SAF mandate

A coalition of short-haul airlines, other aviation organisations and environmental groups are calling on the European Commission to ensure that long-haul flights are included in a forthcoming EU mandate on the use of sustainable aviation fuel. A coalition of short-haul...

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