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Engineering, MRO, Aviation Leasing and Aviation Financing news and insight from around the United Kingdom and beyond.
Aero engine manafacturer Rolls-Royce has said that it will be closing its jet engine factories at Derby, Solihuill, Tyne & Wear and Glasgow in order to preserve cash this summer. The temporary closure will last two to three weeks and will help the manafactureer save cash during as it deals [read more]
US airframer Boeing has committed to producing aircraft by 2030 that are ready to fly on 100% sustainable fuel to address aviation role in the challenge of climate change. Boeing is pioneering making sustainable jet fuels and has already conducted test flights using 100% sustainable fuels. According to studies, using [read more]
Boeing has ended 2020 with a torrid looking order book that saw it have net orders for -1,026 aircraft, no, the minus is not a typo! The Seattle based airframer was impacted largely loss of orders for the Boeing 737 Max which over the year saw a net loss of [read more]
Due to the global pandemic Airbus found it had a problem with delivering aircraft dipping to just 14 deliveries in April 2020 so in a bid to keep deliveries flowing, Airbus developed an e-delivery system to help speed up aircraft deliveries. The system, which allows customers to receive their aircraft [read more]
Dublin based Aircraft Leasing specialist ABRIC has reached a conditional agreement with Pakistan International Airlines (PIA) which allows the airline to return one of its leased ATR aircraft. The agreement will see PIA return an ATR72-500 to ABRIC with the contract being terminated provided PIA meets certain undisclosed conditions. The [read more]
Virgin Atlantic has begun a sale & leaseback program for two of its Boeing 787-9 Dreamliners in order to free up around £70m in cash. The deal will see Griffin Global Asset Management, together with Bain Capital, purchase the two aircraft under an agreement that will see the aircraft lease [read more]
The EcoPulse Hybrid aircraft being developed by Daher, Safran and Airbus has successfully passed its Preliminary Design Review (PDR), a key milestone in the development of the aircraft. The PDR is a key step towards validating the project’s feasibility as well as firming up the architecture towards a first flight [read more]
The last British Airways Boeing 747-400 has left Cardiff Airport for what is the final flight of the type for the airline. BOAC liveried G-BYGC departed Cardiff Airport (CWL/EGFF) at 13:37L for the short flight to St Athan where it will be preserved by eCube Solutions. The aircraft flew with [read more]
Ryanair (FR/RYR) has given Boeing a boost with an order for 75 more Boeing 737 Max 8 200s as part of a deal with the planemaker over compensation for the delay of its original Max order. The deal will bring Ryanair’s 737 Max order up to around 210 units with [read more]
The European Aviation Safety Agency (EASA) has clarified its requirements in clearing the Boeing 737 Max to return to European skies. The Federal Aviation Administration (FAA) cleared the type weeks ago but EASA carried out its own independent review of the aircraft type which was grounded in 2019 following two [read more]
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