Belgian maritime group Compagnie Maritime Belge (CMB), which is a 51% shareholder in Dublin-based ASL Aviation Group, has registered an interest in taking on TNT Express’ airline activities. TNT Express is being acquired by FedEx and, if the deal succeeds, TNT’s European airline operations will have to be divested due to airline ownership regulations. This has sparked inte...
Wizz Air’s shareholders have approved the proposed purchase of 110 Airbus A321neos from Airbus during a general meeting held on Nov. 3. The airline’s owners voted 100% in favor of the aircraft acquisition during the meeting, which was held at Wizz Air’s Geneva offices. Wizz Air signed a memorandum of understanding (MOU) for the aircraft at the Paris Air Show in Ju...
S7 Group co-owner Vladislav Filev—who bought 51% of Transaero shares right before authorities pulled its air operator’s certificate—has pulled out of the deal. The official reason given is that Transaero owners failed to consolidate 51% of shares that are free and discharged. But Transaero co-founder Alexander Pleshakov accused Filev of the deal collapse. In a statement,...
A Boeing 737-400 aircraft operated by Pakistani carrier Shaheen Air International has suffered severe damage upon landing at Allama Iqbal International airport in Lahore. Local media says the aircraft, registered AP-BJO, had operated flight NL142 from Karachi when its main landing gear failed upon landing. Images on social media show the aircraft resting on grass, with at least one...
A new training system initiative about to be launched in the UK is intended to offer prospective commercial pilots a route to the cockpit at around half the cost of the integrated courses created for major airlines. Being established by partners including Bristol Groundschool, Cardiff Aviation and several other approved training organisations, the Wings Alliance will be formally launc...
Nextant Aerospace has completed certification testing of its G90XT twin-engined turboprop, and says US approval for the remanufactured Beechcraft King Air C90 is “imminent”. The programme was launched by Nextant two years ago in partnership with engine manufacturer GE Aviation, with the G90XT having made its first flight in January 2015. The upgraded aircraft features GE H75-10...
WestJet today announced its third quarter 2015 results, with record net earnings of $101.8 million, or $0.82 per diluted share, as compared with the adjusted net earnings1 of $85.4 million, or $0.66 per diluted share reported in the third quarter of 2014, up 19.2 per cent and 24.2 per cent, respectively, notwithstanding the significant weakening of the Canadian dollar year over year and...
AFI KLM E&M Components China, a wholly owned AIRFRANCE KLM subsidiary, was established in Shanghai in 2013 to repair avionics components and wasCAAC-certified in November of that year. Recently in 2015, EASA, the European Aviation Safety Agency also awarded the China subsidiary EASA Part-145 approval under number EASA.145.0721. “This is a v...
The United States and Europe are preparing to lift the trade sanctions that have hobbled the Iranian economy for more than 30 years. It is believed that this step would significantly affect the aviation industry in the country, prompting hundreds of aircraft renewals within the next decade alone. However, it is still unclear how Iran will form and manage its plans with regard to the industry. What...
The worldwide inventory of used business aircraft rose by one percent in September, representing 11 percent of the installed base, according to the latest report by UBS, which noted that this total is still below the historical average of 13 percent. While young aircraft (0 to 10 years old) inventories rose by 2 percent, available very young aircraft (0 to 5 years old) dropped by two percent,...
Iran is studying the feasibility of producing a regional jet using technologies, and even airframe parts, acquired and mastered during the IrAN-140 program using national resources and in-house capabilities. The study began in 2013, shortly after the establishment of the Iranian Aviation Technology and Knowledge-based Industries Development Headquarters (IATDH). The Tehran-based government body...
Two Emirates A380 jets will take to the skies this week, wearing special livery in support of United for Wildlife, a global collaboration that unites the efforts of the world's leading wildlife charities in the fight against the illegal wildlife trade. The livery, will feature some of the planet’s wildlife threatened by poaching and the illegal wildlife trade, aims to raise awareness...
