Airbus has amended its contracts with France and Spain on loans it has received for launching and developing the A350, the airframer announced on July 24. With these amendments, Airbus claims to have fully complied with the requirements set out…
Chinese airframer Comac hit an important milestone on June 28 when it simultaneously delivered three ARJ21 regional jets to the country’s biggest airlines: Air China, China Eastern, and China Southern Airlines. For the type, it means a breakthrough as until…
Typically the airlines don’t pay much for their engines using “Power-By-Hour” contracts instead. From industry sources, we understand more than half the airlines utilize these contracts. On the lower side, we might see GE and CFM in high-sixties percent and…
UK’s Virgin Atlantic is set to retain its majority-share by parent company Virgin Group after all. In a letter to his employees on December 2, president and non-executive director Richard Branson said Virgin Group is to keep its 51 percent-share…