SQUAWK

IAG aims to seal revised Air Europe purchase in second half

Iberia parent IAG has confirmed it has struck an amended agreement with Globalia to acquire Air Europa for €500 million, half the price envisaged when the deal was originally agreed in November 2019. Iberia parent IAG has confirmed it has...

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SIAEC to invest over S$40 million in digitalisation, automation

SIA Engineering (SIAEC) has rolled out the second phase of its business transformation efforts, where it will invest more than S$40 million ($30.2 million) in technological areas such as digitalisation and automation. SIA Engineering (SIAEC) has rolled out the second...

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Pandemic forces lessors to rethink risk: panel

The pandemic has upended lessors’ market assumptions more than any crisis in the history of aviation, forcing them to reevaluate their approach to risk, an industry panel of lessors, lenders and remarketers has observed. The pandemic has upended lessors’ market...

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AirAsia X restructuring places creditors in a bind

AirAsia X’s debt restructuring negotiations highlight the dilemma creditors face when deciding whether to stand by a struggling airline during the Covid-19 pandemic. AirAsia X’s debt restructuring negotiations highlight the dilemma creditors face when deciding whether to stand by a...

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General Atomics demos MQ-9’s anti-submarine tracking capability

General Atomics Aeronautical Systems successfully tracked a small submersible target for 3h using 10 sonobuoys dropped from a MQ-9 UAV. General Atomics Aeronautical Systems successfully tracked a small submersible target for 3h using 10 sonobuoys dropped from a MQ-9 unmanned air...

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FAA Accepting Applications for Workforce Development Grants

WASHINGTONThe Federal Aviation Administration (FAA) is seeking applications for two Aviation Workforce Development Grant programs aimed at developing and inspiring a more inclusive pool of pilots and aviation maintenance technicians to join the next generation of aviation professionals. The Aircraft...

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Magnix consolidates, moves headquarters from Redmond to Everett, Washington

Electric aircraft propulsion company Magnix is consolidating its operations at a new headquarters in Everett, Washington, a move the company says will give it a greater presence in Washington’s aerospace hub. Electric aircraft propulsion company Magnix is consolidating its operations...

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Is this the new look for Eviation’s Alice?

An image obtained by FlightGlobal shows what appears to be an evolution of Eviation’s design for its all-electric Alice commuter aircraft. Eviation may have radically changed the design of its all-electric Alice aircraft, ditching the wingtip- and tail-mounted pusher props...

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Biden team says US travel restrictions will remain

The administration of US President-elect Joe Biden has no intention of immediately lifting the USA’s entry ban on travellers arriving from certain coronavirus-affected countries. The administration of US President-elect Joe Biden has no intention of immediately lifting the USA’s entry...

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BBAM orders another six 737-800 Boeing Converted Freighters

Aircraft lessor BBAM Limited Partnership has placed orders with Boeing for the conversion of six additional 737-800s into the Boeing Converted Freighter configuration. Aircraft lessor BBAM Limited Partnership has placed orders with Boeing for the conversion of six additional 737-800s...

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