Yesterday, Condor Flugdienst received a guarantee from the German government and the Hessian State Government for a six-month €380 million bridging loan by German Development Loan Corporation KfW. Th...
The EU is reported to be beginning a large-scale antitrust investigation into Boeing’s bid for a controlling stake in the commercial aircraft arm of Embraer, Reports Reuters citing sources.The Europe...
The International Air Transport Association (IATA) has announced the launch of IATA MRO SmartHub, an online tool that it claims will bring much needed transparency to the market for aircraft componen...
Air Astana, Kazakhstan’s flag carrier, has taken delivery of its first A321LR on lease from Air Lease Corporation. The A321LR will join Air Astana’s Airbus fleet of 18 Airbus aircraft (eight A320s, f...
Rolls-Royce has warned that problems with its Trent 1000 engines will take longer than expected to repair. This warning means that a reduction in the number of grounded aircraft will be slower tha...
An extra £200 million in extra funding is needed otherwise Thomas Cook could fall into administration. The airline has been told by banks including RBS and Lloyds that new contingency funds are ra...
Investors in Ryanair have registered a major protest vote after it was revealed that long-serving chief executive Michael O'Leary was granted a bonus that could be worth as much as €99m. Under the...
Private equity firm CataCap has agreed to acquire UK-based AerFin Holdings from CarVal Investors. AerFin provides cost-saving aftermarket support solutions to the aviation industry. Led by an exper...
Fitch Ratings has assigned Ireland-based GTLK Europe Capital DAC's upcoming issue of US dollar-denominated guaranteed notes an expected 'BB+ rating. The final rating is contingent upon the receipt...
Wizz Air has announced further expansion of its Romanian operations, by introducing one new aircraft to its fleet. The new Airbus A321 aircraft will join the fleet in June 2020, which will grow th...
The world’s passenger and freighter aircraft fleet is set to more than double from nearly 23,000 to almost 48,000 by 2038, according to a new report from Airbus. The planemaker also says that wit...
Worldwide Flight Services (WFS) has secured a five-year ground handling contract at Birmingham Airport for Flybe. WFS is recruiting a team of some 160 staff at the UK airport in preparation for the...
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