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,
Hong Kong’s Cathay Pacific has announced it will retire 34 of its aircraft early, as nearly half of its fleet now sits in long-term storage in Australia and Spain. In its 2020 full-year financial results, Cathay group chairman Patrick Healy stated that the airline how has 92 of its aircraft – around 46 per cent
Dassault Aviation has confirmed the completion of the first test flight on its new Falcon 6X business jet, marking the official beginning of the jet’s certification process. The 6X, serial number 01, took off from the company’s Mérignac plant near Bordeaux at 2:45pm on Wednesday, as the pilots testing the aircraft’s handling qualities, engine response
In this cross-posting with The Conversation, computer science professor Dave Parry explains how the IATA’s ‘Travel Pass’ works on a wide scale, and the potential loopholes someone could use to get around it. Although international travel restrictions for Australia have been extended to at least June, there may still be potential for a trans-Tasman bubble
Passengers onboard United Airlines Flight 328 have reportedly slammed United with a class action lawsuit, citing emotional distress, after one of the plane’s engines failed and caught fire mid-flight. Chad Schnell, the passenger leading the class action, claimed that the incident caused him severe emotional distress, and accused the airline of failing to properly inspect
