The first aircraft will not be modified until 2024, but the first Embraer converted freighters have already found their first customer. Lessor NAC has placed two E190Fs with Kenyan airline Astral Aviation, Embraer announced late on July 20. Astral to become…
Another interesting consolidation is happening in the leasing world: SMBC Aviation Capital is acquiring Goshawk Aviation. Japanese-owned SMBC is paying $6.7 billion for its former competitor from Hong Kong and will become the second-largest lessor in the world, behind the AerCap/GECAS…
UPDATE – ST Engineering has placed the first five Airbus A320P2F converted freighters with a customer. Vaayu Group, which announced the lease of the aircraft from ST Engineering Aerospace Resources in November, has placed the aircraft with Kenyan cargo operator…
The De Havilland Canada Dash 8 is developing more and more into the preferred platform for a hydrogen-electric propulsion system of the future. On December 14, the Canadian airframer and ZeroAvia announced a Memorandum of Understanding to offer ZeroAvia’s hydrogen-electric fuel cell…
On two occasions, on January 27 and again today on April 28, Boeing’s Chief Financial Officer Greg Smith warned analysts of the need of taking a reach-forward loss on the 787. But even now, with Dreamliner production being hampered by…
NEWS: Boeing Commercial Aircraft has been struggling over the last decade with multiple problems related to quality and safety. Both the 787 and 737 MAX were grounded for safety reasons, the company has consistently underestimated the time and costs of…