The Cabinet of Ministers of the Republic of Latvia, as the majority shareholder of Latvian airline airBaltic, has today approved the investment of up to EUR 250 million into the equity of airBaltic in order to mitigate the company to overcome the economic crisis caused by COVID-19. Martin Gauss, the CEO of airBaltic, said: “With this new equity investment, we...
ABS Jets took delivery of their first Dassault Falcon 7X, overcoming the challenges caused by COVID-19. The aircraft was flown from Dubai under special permits and then solemnly christened at Prague Vaclav Havel Airport. The successful delivery also marks the milestone of the first aircraft manufactured by Dassault Aviation with Czech registration. The sleek three-engine Falcon 7X is a...
Qatar Airways announced the airline will begin a phased approach to expanding its network in line with passenger demand evolution and the expected relaxation of entry restrictions around the world. Having maintained flights to at least 30 destinations where possible during this crisis and to most continents, helping to take over 1 million people home, the airline has been in a unique position to c...
LCI has strengthened its leasing platform with the establishment of a new co-investment vehicle with Thora Capital, LLC. and RIVE Private Investment as partners. The transaction covers six Leonardo AW139s and three Airbus H130 helicopters, all of which have long-term, secure debt financing in place. The helicopters, which are valued at over US$100 million, are currently deployed in Australia...
Tracking crowd movements through a passenger contagion map, as well as identifying contagious groups at an early stage, will be two powerful tools that airports can actively use to ensure they will be compliant with post-COVID19 travel regulations, and can give returning travelers some peace of mind. The advice comes from scientific research by Xovis, the world's leading provider of pe...
Mitsubishi Heavy Industries and Bombardier have agreed that all closing conditions have been met and the transaction pertaining to the acquisition of Canadair Regional Jet (CRJ) Program will close on June 1, 2020. The Program will be operated under the newly created group entities of MHI RJ Aviation Group (MHIRJ) and will commence upon closing. As part of the acquisition, MHI acqu...
VoltAero today revealed the production configuration for its Cassio aircraft, which will revolutionize general aviation with a highly efficient, safe and optimized family of airplanes powered by the company’s hybrid-electric power module. Cassio utilizes VoltAero’s hybrid-electric power module in an aft fuselage “pusher” configuration, integrating a cluster of electric...
With one single buttons the aircraft can land itself at the safest airport... They said it is magic, we say it i technology... 3 years of development program and finaly today Daher unveiled HomeSafe™ - an emergency system that automatically brings the airplane to a runway touchdown if the pilot becomes incapacitated. HomeSafe™ is for TBM 940 very fast turboprop aircra...
Yesterday, the organizing committee of the Lake Kivu Challenge announced the Flying Competition’s winners and named Wingcopter the winner of the Emergency Delivery category. Wingcopter also received a special award for its safety procedures. As a winner, the company receives a prize money of GBP 65,000. The Flying Competition was part of the 2020 African Drone Forum which took place in Rw...
Already known for having low hourly minimum usage requirements, EAP will now defer those hours until 2021 to help operators who may be flying less as a result of the coronavirus pandemic. EAP’s low 75-hour yearly minimum usage requirement is one of the significant benefits of its engine maintenance program. In response to the COVID-19 crisis, EAP has enhanced this benefit. EAP will...
The Qantas Group has continued to strengthen its ability to deal with the short and likely long-term impacts of the coronavirus crisis. It has also extended flight cancellations from end-May through to the end of July, which were still at pre-coronavirus levels – but some capacity can be added back in if domestic and Trans-Tasman restrictions ease in coming weeks. Given the consequence...
Lufthansa Technik's new technical and engineering services for temporary operational changes from passenger to cargo aircraft have met with great interest in the aviation market. So far, the cabin modification experts of the company have received enquiries from more than 40 airlines. More than 15 projects for different aircraft types are already in the implementation phase. A special highlight...
