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Cancellation of Mitsubishi SpaceJet M90 order confirmed by Mitsubishi Aircraft Corporation

After close discussions, the decision was made to cancel the contract for the Mitsubishi SpaceJet M90 – 50 firm orders with 50 options – as the variant does not meet the requirements of the United States market. Future discussions will be focused on the scope complian...

The start of a new era for the human spaceflight industry

Virgin Galactic and Social Capital Hedosophia, a public investment vehicle, announced the completion of their previously announced business combination. The resulting company is named Virgin Galactic Holdings, Inc. and its common stock, units and warrants are expected to commence trading o...


Norwegian Air Joint Venture with China Construction Bank Leasing Corporation

Norwegian Air announced a joint venture with China Leasing International Corporation DAC to finance, own and lease aircraft that Norwegian has on order. The agreement will strengthen Norwegian’s financials considerably. Initially, the JV comprises 27 Airbus A320 NEO aircraft to be delivered from 2020 to 2023. CCBLI will also provide aircraft financing for aircraft within th...

1.4 billion business jet deal with Praetor Fleet Launch Customer

An amazing announcement was made today at NBAA-BACE 2019 - 1.4 billion business jet deal! Flexjet has placed a $1.4 billion order with Embraer Executive Jets for the Praetor mid- and super midsized aircraft and Phenom 300 light jets. With this purchase agreement, Flexjet becomes Embraer’s Praetor Fleet Launch Customer. Valued at up to USD 1.4 billion, at current list prices, thi...

New MTU Aero Engines high-tech test center for engine parts in Munich

MTU Aero Engines has built a new test center for engine parts on its Munich premises, investing an amount of more than 25 million euros in a new building and the most advanced test equipment. After two years of construction, the test center is now operational. This afternoon, Judith Gerlach, Bavarian State Minister for Digital Affairs, and MTU’s Chief Operating Officer (COO) Lars Wagner inau...

Boeing To Invest In Human Spaceflight Pioneer Virgin Galactic

Boeing will invest $20 million in Virgin Galactic, a vertically integrated human spaceflight company. The companies will work together to broaden commercial space access and transform global travel technologies. “Boeing’s strategic investment facilitates our effort to drive the commercialization of space and broaden consumer access to safe, efficient, and environmentally responsible...

Rolls-Royce completes acquisition of eAircraft business

Rolls-Royce has completed the acquisition of the electric and hybrid-electric aerospace propulsion activities of Siemens (formerly known as the eAircraft business), following a period of employee consultation.  The timely execution of the deal, announced in June this year, underlines the fit of these activities to our strategy to ‘champion electrification’ and will help acceler...

Azul First E195-E2 - a reason to celebrate for Embraer, Azul, AerCap and Pratt & Whitney

September 12 2019 a special ceremony at Embraer main facility in São José dos Campos was dedicated to the delivery of first E195-E2, the biggest of the three members of the E-Jets E2 family of commercial aircraft! This is the reason to celebrate for all companies who were working ot this succes - Embraer, Pratt & Whitney, AerCap and Azul Linhas Aéreas Brasileiras...

Welcome to aviation - Valsoft acquired Commsoft OASES

Valsoft announced the acquisition of Commsoft OASES, a leader in the aviation engineering and maintenance software market, based in Tiptree, UK. Founded as a software house in 1971, Communications Software (Airline Systems) Limited won its first airline contract in 1975 with industry innovator Laker Airways in the UK, leading to the launch of the predecessor to OASES (Open Aviation Strategic En...

The expansion of Embraer Eugênio de Melo unit, in São José dos Campos

During the celebration of 50th anniversary, Embraer announced  US$ 30 million investment in the expansion of its Eugênio de Melo unit, in São José dos Campos. Through the construction of new facilities, the site will have capacity for over 4,000 employees. The site currently has 1,500 employees working in manufacturing, development, engineering, structural and system testing, and training, among o...

Vietnam Airlines Flies Its First Boeing 787-10 Dreamliner

  Boeing delivered the first of eight 787-10 Dreamliner airplanes to Vietnam Airlines today via lease from Air Lease Corporation . The Vietnamese flag carrier plans to put the 787-10 – the most fuel-efficient twin-aisle airplane in the industry – on the busiest routes in its expanding network. "Welcoming the largest member of the 787 family to our growing fleet ensures...

New five-year investment plan at Gatwick to improve resilience and create future capacity

Gatwick is publishing its new five-year Capital Investment Programme (CIP) which highlights more investment in automation and technology as an enabler of sustainable growth. New initiatives include robotic parking and automated boarding technology, which will speed up boarding and give passengers more choice about how they spend their time.  Gatwick’s total investment since 2009, com...

Ural Airlines Receives First of Three A320neo Aircraft from CDB Aviation

CDB Aviation announced the delivery of an Airbus A320neo aircraft to its new customer in Russia, Yekaterinburg-based Ural Airlines.  The aircraft is part of the lease agreement for a fleet of three A320neos, with two further jets slated for arrival through the end of 2019. The delivery also marks the introduction of the first CFM International LEAP-1А-powered A320neo to be operat...

Air Seychelles gets Africa’s First A320neo from CDB Aviation

CDB Aviation delivered Airbus A320neo to Air Seychelles, the national airline of the Republic of Seychelles.  While being the first A320neo family aircraft type to be delivered to an African airline, the aircraft is also the first unit equipped with CFM’s new generation LEAP-1A engines to be operated on the continent.   “We congratulate the Air Seychelles team...

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Norwegian fulfils criteria for initial NOK 300 million in guarantee from the Norwegian Government

Reference is made to the press release by the Norwegian Government on 19 March 2020 regarding the financial measures to support the Norwegian airline industry and the subsequent stock exchange notice...

Fitch affirms Aeroflot's long-term credit rating

Fitch Ratings has affirmed PJSC Aeroflot’s long-term issuer default rating at “BB” as part of its annual review of the airline’s credit ratings. The outlook has changed from &l...

FACC confirms the results for FY 2019 and sets the course for the time after Corona

The previously reported results for the short fiscal year 2019 (1 March - 31 December) are unchanged after completion of the audit. New orders worth USD 800 million will help offset impending market c...

How much air transport industry will lose due to COVID-19

IATA updated its analysis of the revenue impact of the COVID-19 pandemic on the global air transport industry. Owing to the severity of travel restrictions and the expected global recession, IATA...

Actions to adapt to the current crisis: Safran

The Board of Directors of Safran (Euronext Paris: SAF) under the Chairmanship of Ross McInnes, met on March 26, 2020 to consider an action plan prepared by Executive Management in response to the impa...