Air Canada has announced the successful closing of U.S.$2.15 billion senior secured credit facilities, comprising a U.S.$1.175 billion term loan B maturing in 2031 and a U.S.$975 million revolving credit facility maturing in 2029. The proceeds from the term loan, along with U.S.$1.09 1.09 billion from Air Canada′s balance sheet, will be used to refinance
Colorado-based company Radia has announced plans to design, build, and operate the world’s largest aircraft, called WindRunner™, to enable the deployment of the largest and most efficient wind turbines to locations currently inaccessible at a scale and speed previously impossible. The aircraft will be able to fly large turbine blades and other components directly to
Eve Air Mobility, a leading developer of Urban Air Traffic Management (Urban ATM) solutions for Advanced Air Mobility (AAM) operations, has unveiled the name of its software, Vector, at the Airspace World in Geneva. Vector is an agnostic software solution designed to address the unique air traffic and network management challenges of current and future
IAE International Aero Engines AG (IAE) has announced that it successfully tested the V2500 engine using 100% sustainable aviation fuel (SAF) at MTU Maintenance Hannover in Germany. IAE, a multinational consortium comprised of Pratt & Whitney, Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines AG, stated that the
Luís Carlos Affonso, the Senior Vice President of Engineering and Technology Development at Embraer, has been honored with the inaugural Pathfinder Award by the Aviation Week Network. This prestigious recognition comes as part of the 66th Laureate Awards, a highly anticipated annual ceremony in the aerospace industry, which took place at the National Building Museum
Bell Textron Inc., a subsidiary of Textron Inc., has finalised a sales agreement with Japan General Aviation Service (JGAS) for the first Designer Series Bell 429 helicopter in Japan. Recognised for its role in the aerospace industry, JGAS specialises in aircraft sales and aftermarket support services. This luxury helicopter, following its delivery, will be utilised
