UPDATE – US start-up Connect Airlines has bold plans for its regional operations with hydrogen-based aircraft. The carrier has announced a firm order with Universal Hydrogen for 75 converted ATR 72-600s plus 25 options. Connect expects to take delivery of the...
The Board of Directors of China Eastern Airlines has approved the non-public issuance of shares to raise RMB 15 billion, of which two-thirds will be used to finance the purchase of 38 new aircraft. The issuance of no more than 5.6 million shares was approved on May...
It is months away before a formal request for proposals is issued but manufacturers are already angling for looming opportunities at flag carrier Uganda Airlines. The airline is feeling an acute gap in its fleet that it wants to be filled by what is being generally...
Another lessor has confirmed an impairment on aircraft that it has been unable to repossess from customers in Russia. Dubai Aerospace Enterprise (DAE) reported a $537.9 million net write-off on nineteen aircraft. DAE takes write-off on Russian fleet too. Originally,...
Another lessor has to accept the financial implications of the situation in Russia. Aircastle has taken a $252 million impairment on thirteen aircraft that are unlikely to be repossessed from airlines. Of these, twelve are in Russia and one in Ukraine. Last week, Air...
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