An interesting piece of consolidation news has been coming from France on September 5: aerospace giant Safran Group is in negotiations with another aerospace giant, Thales Group, to acquire its aeronautical electrical systems or avionics business. The transaction,...
UPDATE Sep 19 – SAS is seeking court approval to reject the lease of several aircraft and return them to their lessors. The aircraft involved include five widebodies. The Scandinavian airline filed a so-called omnibus motion with the Southern District of New...
Mitsubishi Heavy Industries (MHI) has fully impaired costs and assets related to the SpaceJet regional jet program, making it ever more unlikely that the project will ever re-start again. The impairment of ¥80.599 billion ($573 million) is mentioned in MHI’s financial...
“Unforeseen challenges” as the effects of the war in Ukraine and higher fuel prices have largely negated airBaltic higher revenues in the first six months. The carrier of the Baltic States reported a €-59.3 million net loss, almost identical to the result in HY 2021...
UPDATE Sep 13 – A pilot strike at Lufthansa has been lingering on for some weeks, but the threat is getting to a climax on Friday, September 2. Pilot union Vereinigung Cockpit has called out for a 24-hour strike at Lufthansa and Lufthansa Cargo. The airline has...
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