European leisure travel specialist and airline group Thomas Cook is holding last-ditch talks with potential investors in an effort to stave off a financial collapse that could leave hundreds of thousands of travelers stranded.
French airline XL Airways has declared insolvency, citing “great financial difficulties” and stopped selling tickets, in the latest casualty to hit the French airline industry.
Rolls-Royce’s decision to accelerate swaps of older intermediate pressure turbine (IPT) blades is adding pressure to its overhaul shops and will keep the number of Boeing 787s grounded due to Trent 1000 issues well in to 2020, higher than previously projected, the company said.
Three small U.S. drone manufacturers are mounting a buy-American campaign, arguing that widespread use of drones made in China is suppressing the domestic industry for small unmanned aircraft types.
Xiamen Airlines has established a branch company at Shanghai, increasing its ability to gain service rights at China’s largest city, especially for international destinations.
Chinese airlines have won permission to introduce or expand services to Paris and London, including two routes from imminently operational Beijing Daxing International Airport.
Germany’s coalition government has decided to make sweeping changes to air transport taxation and regulation as the country struggles to achieve its 2030 emissions reduction targets.
AirAsia co-founder Tony Fernandes on Sept. 18 said he is taking “the first step of stepping back” and will step down from “all board positions, except [the boards of] AirAsia Group and AirAsia X.”
While Japan’s major airlines are likely to shift more international flights from Tokyo Narita Airport to the city’s Haneda Airport, the two hubs will still fulfill different roles in the carriers’ strategies.
S&P Global Ratings said Sept. 19 that it saw a clear trend in European aviation of decelerating traffic growth, regulatory developments and geopolitical events, although the long-term outlook remains stable.
The proposed tie-up of Raytheon and United Technologies is being billed publicly as a potential catalyst for new technology some day in the future, but executives are acknowledging the deal may be better known as a cash generator for investors in the nearer term.
Mitsubishi Aircraft Corp. plans to establish a footprint in the Montreal area, with the goal of creating 100 jobs in the first year focused on certification and entry into service of the SpaceJet family of regional jets.
Production capacity for the Commercial Aircraft Corporation of China (COMAC) ARJ21 has reached 30 aircraft per year with the commissioning of a second assembly line for the regional jet, the manufacturer said.
Moscow Sheremetyevo International Airport (SVO) opened a third runway Sept. 19, which will nearly double the number of possible takeoffs and landings from 55 to 90.
Air France and Groupe Dubreuil, the parent company of Air Caraibes and French Bee, have withdrawn their joint offer for Aigle Azur, saying the French carrier’s social liabilities mean they could not envision an economically viable plan.
Commercial Aircraft Corporation of China (COMAC) plans to begin building its first C919 delivery aircraft this year, while also putting the sixth and last C919 prototype into the air.
French long-haul carrier Corsair is speeding up plans to transition to an all-Airbus fleet as it seeks to grow its fleet and network with the backing of its new shareholder.
