AerCap has agreed to settle its insurance claim over seventeen airliners and five engines that are still in Russia. The lessor will receive $645 million for the assets, that were on lease to Aeroflot and Rossiya but which they refused…
TAP Air Portugal produced its best HY1 result in five years, announcing a €22.9 million net profit for the first six months and an even more solid result for Q2. “These results underpin TAP’s sustained commercial and financial improvement trend,”…
Embraer delivered sixteen more commercial and executive jets in the first six months of 2023 compared to the same period of last year. The majority of the deliveries or 47 aircraft, notably business jets, happened in Q2, the Brazilian airframer…
A number of shareholders have filed a lawsuit against Spirit AeroSystems. In a filing by The Klein Law Firm, they allege Spirit of violating Federal securities laws in relation to the tailfin fitting quality issue of the Boeing 737 MAX.…
UPDATE May 15 – The acquisition of South African Airways (SAA) by Takatso Aviation Proprietary Ltd seemed to be a step closer late last week after the Competition Commission announced that two shareholders would divest their interest in Takatso. The…
Engine trouble all over