American Airlines has placed an order with Boom Supersonic for twenty Overture supersonic transport (SST) aircraft, with an option on another forty. The carrier has also paid a non-refundable deposit on the first twenty aircraft, the two companies announced on August…
International Airlines Group (IAG) has exercised its option to convert a €100 million loan to Spanish carrier Air Europa into a twenty percent share, it announced on August 16 in a regulatory filing. This means that IAG has finally got a…
Higher revenues from passengers and cargo helped Thai Airways to significantly lower its second-quarter loss from last year. It also produced its first positive EBITDA since it operated under the Rehabilitation Plan that was implemented a year ago. Reopening of Thailand…
Malaysia Airlines Group has announced the long-awaited decision on the renewal of its medium- to the long-haul fleet, selecting the Airbus A330-900 as the successor to the aging A330-200s and -300s. MAG has signed a Memorandum of Understanding with Airbus…
SAS has entered a debtor-in-possession (DIP) credit agreement of $700 million/SEK 7.0 billion with Apollo Global Management. The arrangement will be used as bridge funding while the Scandinavian airline starts its restructuring plans under Chapter 11 bankruptcy protection. SAS secures…
California-based Joby Aviation says it is progressing well on the roadmap toward certification of its eVTOL. It has more or less completed three definition phases of the project and has now started the implementation phase which includes testing and analysis. The…