Rolls Royce announced on June 14, 2018, it would cut 4,600 jobs by 2020, mainly in the United Kingdom, in order to simplify its operations and save up to £400 million a year. The company confirms the rumors reported by the Sunday Times on June 10, 2018. The downsizing will affect about 8% of the […]
Airbus and Bombardier closed their C Series agreement after receiving the necessary approvals. The integration of the plane family in Airbus’ catalogue will become effective from July 1, 2018. Airbus is to acquire a majority stake in the Société en commandite Avions C Series (SCAS), a joint venture which was originally created by Bombardier and […]
Who does not want to tap the growing demand for air travel in Asia these days? Particularly, its booming budget travel market. You may have heard about the latest airline to join the competition, when on May 14, 2018, Japan Airlines (JAL) announced it is going to launch a brand-new low-cost carrier business for the […]
Having received all required regulatory approvals, Airbus, Bombardier and Investissement Québec have agreed to close the C Series transaction effective on July 1st. The transaction by which Airbus will acquire a majority stake in the C Series Aircraft Partnership was initially announced in October 2017. The Mirabel-based partnership, which was originally established between Bombardier and […]
Boeing confirmed the manufacturer would comply with US sanctions and will not fulfill the orders placed by Iran Air and Aseman Airlines. The two Iranian carriers hold an order of more than 110 aircraft for an estimated total of about $20 billion. As it was previously declared soon after Trump’s decision to withdraw from the […]
The first BelugaXL has passed the Ground Vibration Test (GVT), a requirement for certification of the aircraft that paves the way towards its maiden flight in summer 2018. The objective of this test is to measure the dynamic behaviour of the aircraft and confirm theoretical models of various flight conditions, such as manoeuvring, flying in […]
South African Airways (SAA) is offering spare pilots and cabin crew for temporary or permanent contracts with other companies. As part of its turnaround strategy, the state-owned carrier is cutting unprofitable routes and thus needs fewer staff than it currently employs. CEO Vuyani Jarana announced the offer that should help SAA cut the costs in […]
The International Air Transport Association (IATA) called on governments to abide by international agreements and treaty obligations to enable airlines to repatriate revenues from ticket sales and other activities. According to IATA, the amount of airline funds blocked from repatriation totaled $4.9 billion at the end of 2017, which was down 7% compared to year-end […]
Wizz Air, one of Europe’s fastest growing airlines and the leading low cost carrier in Central and Eastern Europe, celebrates a unique milestone today as its fleet reaches 100 aircraft. To mark the event, a special livery on one of Wizz Air’s super-efficient Airbus A321 aircraft was unveiled in Budapest and, reflecting the ever-increasing importance […]
Royal Brunei Airlines has welcomed the delivery of the first of its Airbus A320neo aircraft during a delivery ceremony in Toulouse, France. The aircraft is the first of seven firm aircraft and three option aircraft ordered by the national airline of Brunei Darussalam as part of its fleet renewal program announced in 2014. Karam Chand, […]
