Bloomberg: Max cancellations by overstocked airlines no cause for alarm

Bloomberg: Max cancellations by overstocked airlines no cause for alarm

🕔13:04, 28.Mar 2019

Analysis by George Ferguson at Bloomberg Intelligence shows that airlines are using the issues around the 737 Max as an excuse to cancel excess orders. Bloomberg remains confident that the Boeing Max aircraft will be deemed safe after minor modifications,

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DAE upsizes unsecured revolving credit facility

DAE upsizes unsecured revolving credit facility

🕔12:57, 28.Mar 2019

Dubai Aerospace Enterprise (DAE) has increased an existing revolving credit facility to US$600 million from the original amount of US$535 million announced in December 2018. ENBD is the sole mandated lead arranger and bookrunner.

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Sabena technics unveils new maintenance site

Sabena technics unveils new maintenance site

🕔12:52, 28.Mar 2019

Sabena technics has acquired the assets of a new company New EAS – now known as Sabena technics PGF – based in Perpignan-Rivesaltes, France, which has three hangars able to accommodate a widebody aircraft and up to five narrowbody aircraft

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AerCap prices $1bn jumbo bond

AerCap prices $1bn jumbo bond

🕔12:49, 28.Mar 2019

AerCap has priced its offering of $500 million senior notes due 2024 at 4.875%, and $500 million senior notes due 2026 at 4.450%. The 2024 notes are extension to the $400 million notes that priced at 4.875% with the same

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airBaltic receives its 15th A220-300

airBaltic receives its 15th A220-300

🕔12:46, 28.Mar 2019

Latvian airline airBaltic has received delivery of its 15th Airbus A220-300 aircraft, registered as YL-AAO. This was the first Airbus A220-300 received this year; seven more new aircraft will join the airline’s fleet by the end of the year. airBaltic

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WOW Air ceases operations

WOW Air ceases operations

🕔12:43, 28.Mar 2019

Unable to secure much needed funds, WOW Air has confirmed that it has ceased all operations and all flights have been cancelled. In an alert, WOW Air said that some airlines may offer some reduced rate rescue fares for any

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Cebu Pacific to launch direct Cebu-Shanghai route

Cebu Pacific to launch direct Cebu-Shanghai route

🕔16:55, 27.Mar 2019

Cebu Pacific will commence operation of its direct service between Cebu and Shanghai, China from April 15 to September 30, 2019. The new route is in line with plans to expand capacity in Cebu to meet increasing demand. Flights between

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Scoot pulls out of Bangladesh

Scoot pulls out of Bangladesh

🕔16:51, 27.Mar 2019

Singapore-based budget airline Scoot is scheduled to operate its last flight on Dhaka-Singapore route from Hazrat Shahjalal International Airport on April 29. In 2018, UAE-based Fly Dubai and Etihad Airways stopped their operations in Bangladesh. Many foreign airlines have complained

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Jet Airways to increase flights in April

Jet Airways to increase flights in April

🕔16:48, 27.Mar 2019

Indian civil aviation secretary Pradeep Singh Kharola has announced that no more Jet Airways aircraft will be grounded and the airline will fly 40 more aircraft from April onwards. Some 54 aircraft are grounded due to non-payment of lease rentals.

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Panasonic Avionics announces senior sales executive appointments

Panasonic Avionics announces senior sales executive appointments

🕔16:46, 27.Mar 2019

Panasonic Avionics Corporation (Panasonic Avionics) has appointed senior executives to three key sales positions across its organisation. Panasonic Avionics has named Malcolm McKay Vice President of Sales. McKay will be responsible for accelerating and driving top-line annual growth for Panasonic

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