US President Joe Biden has officially signed the third COVID-19 relief bill that will protect thousands of jobs in the aviation industry for the next six months. The bill includes an additional US$14 billion in wage assistance for airlines, as well as US$9 billion for airports and other adjacent businesses. It serves as one part
Boeing has officially been requested to hand over thousands of documents that will reveal exactly what the planemaker, and its prominent staff, knew about the nature of the first fatal 737 MAX crash prior to the second, five months later. A class action suit against Boeing taken out by the families of the victims of
Raytheon Technologies subsidiary Collins Aerospace has been tapped to provide sensor enhancements to the US Air Force’s MS-110 Multispectral Airborne Reconnaissance system. The North Carolina-based Raytheon unit has secured an indefinite delivery/indefinite quantity (IDIQ) contract modification by the US Air Force to support its Fast-Jet reconnaissance pod, the MS-110 Multispectral Airborne Reconnaissance system. The firm
British charter airline Titan Airways has taken delivery of its first passenger-to-freighter converted aircraft, a CFM56-5B powered Airbus A321P2F. This delivery is the first of three Airbus A321 converted passenger-to-freighter aircraft on order. The UK airline is among the first carriers in the world to operate the converted aircraft since the plane’s initial production in
After days of speculation, it has now been officially confirmed that Irish aircraft lessor AerCap has finalised a $30 billion deal to purchase the leasing unit of engine-maker General Electric, GECAS. The deal will see the world’s two biggest aircraft leasing bodies combine to create a new financing giant that will control over 2,000 plane
Boeing is reportedly closing in on a multibillion-dollar deal to sell dozens of its embattled 737 MAX jets in what is rumoured to be the largest deal the planemaker has secured since the aircraft was grounded in 2019. According to a report from Reuters, the US planemaker is negotiating a deal with Texas-based Southwest Airlines,
