AirAsia Inks Major Deals with Airbus
AirAsia X orders 12 more A330neo and 30 A321XLR aircraft AirAsia X, the long-haul unit of the AirAsia Group, has finalised a firm order with Airbus for an additional 12 A330-900 and 30 A321XLR aircraft.…
Category: Economic News
Lufthansa, Deutsche Bahn Settle Air Cargo Dispute
German flag carrier Lufthansa and German national railway Deutsche Bahn have reached agreement on a long-festering dispute concerning an air cargo cartel. The settlement was announced Aug. 26, although details are being kept confidential by…
Japan’s Military Seek Eighth Straight Annual Defense Spending Hike
TOKYO, Aug 30 (Reuters) - Japan's military has asked for an eighth straight annual increase in defence spending to help pay for U.S.-made interceptor missiles, stealth fighters, and other equipment it wants to counter threats…
MD Helicopters Awarded $50.4 Million Contract for Support of Afghan Air Force
EFFECTIVE THROUGH MAY 2020, CONTRACTED SERVICES WILL TAKE PLACE IN MESA, ARIZONA AND AFGHANISTAN MD Helicopters, Inc (MDHI) announced today that the company has been awarded a $50.4 million Firm Fixed Price contract modification for logistics…
Bell 505 Jet Ranger X Fleet Surpasses 20,000 Flight Hours
Fort Worth, TX (28 August 2019) – Bell Textron Inc., a Textron Inc. (NYSE:TXT) company, announced the Bell 505 Jet Ranger X has surpassed more than 20,000 flight hours. Bell has delivered 200 aircraft to customers operating…
Alaska Airlines Expanding West Coast Service
Alaska Airlines is adding new routes and additional frequencies. SEATTLE, Aug. 28, 2019 /PRNewswire/ -- Alaska Airlines reaffirms its commitment to the West Coast with new, nonstop service from the Pacific Northwest and the state of Alaska in the north,…
Collins Aerospace and L3 Harris to Support New C-130H Aircraft Cockpit Capabilities
1970s era aircraft to be updated with Flight 2 AvionicsWill support extension of life of the aircraft by 20 yearsProvides pilots increased situational awareness and reduces workload CEDAR RAPIDS, Iowa (Aug. 28, 2019) – Collins Aerospace…
Saab Brazilian Gripen E Completes its First Flight
Saab today completed a successful first flight with the first Brazilian Gripen E fighter aircraft, 39-6001. At 2.41 pm CET on August 26, the Gripen E aircraft took off on its maiden flight flown by…
Discount Carrier Sun Country Prepares for IPO
Sun Country Airlines,a small Minnesota-based, low-cost carrier owned by private-equity firm Apollo Global Management, plans to file for an initial public offering as soon as April, Sun Country’s CEO said Tuesday in an interview. “Our…
Apollo and Athene to Acquire PK AirFinance From GECAS
NEW YORK, Aug. 29, 2019 (GLOBE NEWSWIRE) -- Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) (APO); Athene Holding Ltd. (ATH); and GE Capital, the financial services arm of GE (GE), today announced…