Aircraft leasing giant AerCap said on Wednesday that it has scrapped 15 orders for the grounded Boeing 737 MAX, leaving 80 orders outstanding for the Dublin-based company. In an earnings call with company investors, AerCap boss Aengus Kelly revealed that the world’s largest aircraft leaser has seen a slump in net income over the second
Speaking to investors on Wednesday, Boeing has confirmed reports that it will pull production of the iconic 747 jumbo jet after 2022. Boeing had initially declined to respond to a report published by Bloomberg nearly a fortnight ago, which said that the last 747-8 is expected to be completed in about two years. “At a
Comprising a 40kg battery pack and electric motor, the system is designed to rapidly detect engine failure
Last week, United Airlines informed the two regional airlines operating under its United Express brand that it has plans to axe one of them. ExpressJet and CommutAir both work exclusively for the Chicago-based airline as “feeder airlines”, helping regional passengers to connect with the airline under a hub-and-spoke model. United also controls minority interests in
European ULCC Ryanair has threatened closures in Spain and Italy should union talks fail to yield an agreement. On Monday, controversial CEO Michael O’Leary told investors that the carrier was “looking at base closures in Spain where, for the moment, the unions have not yet agreed to the pay cuts we need”. While the airline
British Airways, easyJet, TUI, and Ryanair have taken the British government to task over a decision to reimpose a 14-day quarantine against all passengers returning from Spain – shortly after overturning that requirement earlier this month. The move comes after the Spanish cities of Barcelona, Zaragoza and Madrid all recorded a surge in new infections
