TrueNoord adds $360 million financing facility

TrueNoord adds $360 million financing facility

🕔13:04, 31.Oct 2019

Regional aircraft lessor TrueNoord has closed a new revolving warehouse finance facility of $360 million with an uncommitted $150 million accordion feature. The funds will be used finance business development and expand its portfolio of 50-150 seat aircraft which includes regional

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Qantas Airlines grounds Boeing 737 NG due to structural crack

Qantas Airlines grounds Boeing 737 NG due to structural crack

🕔12:48, 31.Oct 2019

Qantas Airlines has grounded one of its Boeing 737 NG planes after a structural crack was found.  The Australian carrier is now urgently inspecting 32 others to see if flaws exist elsewhere. In a statement, Qantas said: “Even when a

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Embraer reveals deliveries in Q3 2019

Embraer reveals deliveries in Q3 2019

🕔12:46, 31.Oct 2019

During the third quarter of 2019, Embraer delivered the first of 51 E195-E2 to Brazil’s Azul, with the airline set to receive another five aircraft by the end of 2019. Elsewhere, Embraer also signed a contract with SkyWest during the

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Bombardier sells Northern Ireland operations to US firm Spirit Aerosystems

Bombardier sells Northern Ireland operations to US firm Spirit Aerosystems

🕔12:06, 31.Oct 2019

Bombardier has sold its Northern Ireland operations to US firm Spirit Aerosystems in a deal reportedly worth more than $1 billion in cash and assumed liabilities. In May, Bombardier announced it would sell off its Belfast factory as it looked

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Thomas Cook’s Nordic airline saved by investors; renamed Sunclass Airlines

Thomas Cook’s Nordic airline saved by investors; renamed Sunclass Airlines

🕔11:56, 31.Oct 2019

Thomas Cook Airlines Scandinavia has been saved by a trio of investors, including two private equity firms, just a month after its financial decline. Last month, Thomas Cook declared bankruptcy when it ceased operations and stranded more than 150,000 customers.

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Ryanair set to introduce multiple routes in April 2020

Ryanair set to introduce multiple routes in April 2020

🕔11:36, 31.Oct 2019

Ryanair is set to increase its Summer 2020 schedule from London Southend with 16 new routes set to be added. These include six new summer routes to Bergerac, Bucharest, Girona, Marseille, Venice Treviso and Vilnius, starting April 2020. Three flights per

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Avolon releases Q3 2019 results

Avolon releases Q3 2019 results

🕔11:28, 31.Oct 2019

Avolon has said that its total revenue for the third quarter of 2019 stood at $654 million, marking a profit of $161 million. The company has upsized its unsecured revolving credit facility by $225 million, bringing the total facility size

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IAG places blame on British Airways strike for decline in Q3 2019 operating profit

IAG places blame on British Airways strike for decline in Q3 2019 operating profit

🕔11:19, 31.Oct 2019

International Airlines Group has placed blame on UK carrier British Airways’ pilot strike in September for its decline in third-quarter operating profit. The group’s operating profit during its Q3 2019 results stood at €1.42 billion before exceptional items, compared with

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Indonesia AirAsia reshuffles board with new CEO appointment

Indonesia AirAsia reshuffles board with new CEO appointment

🕔11:05, 31.Oct 2019

Indonesia AirAsia has reshuffled its board with the announcement of Veranita Yosephine as the company’s new CEO. Yosephine replaces Dendy Kurniawan who has been in the role since 2017.   Kurniawan will take on the role of president commissioner of the

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Documents show Boeing Employees raised concerns over lack of safety systems on MAX

Documents show Boeing Employees raised concerns over lack of safety systems on MAX

🕔10:56, 31.Oct 2019

A document has appeared which shows that a Boeing engineer was concerned that the 737 Max lacked sufficient safety systems. A Boeing engineer asked in 2015, more than a year before the planes were certified by federal regulators, whether a

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