MUFG and its consolidated subsidiary MUFG Bank, Ltd. announced today an agreement for the purchase and transfer of DVB’s Aviation Finance division to MUFG Bank and BOT Lease, MUFG Bank’s affiliate. Th...
Rolls-Royce has announced today that the company has decided to withdraw from the current competition to power Boeing’s proposed middle of the market – or New Midsize Airplane (NMA) – platform. In a s...
The Dutch State has acquired a 12.68% direct interest in airline Air France-KLM through the purchase of shares. In an announcement, the Dutch Finance Ministry stated that its objective is to “obtain a...
In a joint statement from Naresh Goyal, chairman of Jet Airways, and Tony Douglas, chief executive officer of Etihad Airways, the pair have acknowledged that Jet Airways, its principal shareholders in...
The week opens with two sad reports of a crash and an attempted hijacking. On Saturday, February 23, Atlas Air Flight 3591, en route from Miami to Houston, was involved in an accident and went down ne...
Late last week Jet Airways’ Board of directors approved a Bank led Provisional Resolution Plan (BLPRP), whereby the consortium of lenders led by the State Bank of India will take a 50.1% stake in the ...
The weekend news in the UK picked over the demise of British Midland Regional Limited, the East Midlands-based airline operating as flybmi that entered administration on February 16. Although a small ...
The A380 program will now shutter upon the final Emirates delivery in 2021. This brings to an end little over 15 years of production. I can recall when crowds lined the banks of the A1 outside Paris t...
Although the EU already has an emissions trading scheme (ETS) in place, a new paper from the Dutch government does not believe this goes far enough to counter the emissions from aviation, and without ...
In a recent FT article, Meg Whitman – the tech executive, ex HP CEO – said that all businesses need to think, “who’s coming to kill me?” Likewise, Lisa Bodell, writing in Forbes, has pioneered a techn...
Aftermarket parts supplier, AvAir, has been acquired in a management buy-out (MBO) backed by new equity partner Corrum Capital. AvAir president Mike Bianco is now CEO, and is joined on the board of di...
When Ryanair makes a loss, you know most airlines across Europe are in trouble. Ryanair is no longer the profit machine it once was due to hikes in labour costs, impacts from strikes, pilot shortages ...
We're Social