In a statement Air Lease Corp said, it is weighing options to write-off the value of 27 jets that are in sanctions-hit Russia, in a move that could lead to charges of nearly $802 million. Global aircraft leasing companies have scrambled… Read More ›
jets
Europe, Canada close airspace to Russian jets, US has yet to decide
Canada and European nations moved to close their airspaces to Russian aircraft, in an unprecedented step aimed at applying pressuring on Russian President Vladimir Putin to end the invasion of Ukraine. Following the move, in a statement Russian airlines Aeroflot… Read More ›
Germany likely to discuss US F-35 purchase during Chancellor Olaf Scholz’s visit to Washington next week
According to a German defense source, Germany is leaning towards the purchase of U.S. stealth fighter jets F-35 built by Lockheed Martin which will replace its ageing Tornado. It has yet to take a final decision on the purchase. According to… Read More ›
Allegiant Air plans to buy 50 Boeing 737 MAX jets at $5 billion: sources
According to sources familiar with the matter at hand, Allegiant Air is set to place an order for 50 Boeing 737 MAX jets worth $5 billion at list prices, as the air carrier seeks to ride on the boom of… Read More ›
Meaningful transatlantic relationship EU’s top priority: EU’s new trade chief
According to a report from the Financial Times, the EU’s new trade chief has told the United States to remove the imposition of tariffs on more than $7 billion EU products or face additional duties on exports to Europe, in… Read More ›
Russia’s Rostec agreeable to out-of-court-settlement for non-delivery of Boeing 737 MAX jets
Avia Capital Service is now demanding that Boeing return the deposit amount along with interest which totals to $75 million in “lost profit” and around $115 million in compensatory damages, plus “several times the amount” in punitive damages. On Tuesday,… Read More ›
American Airlines Group sees $185 million profit hit from ground Boeing 737 MAX jets
With fewer planes in service, the airlines saw its second-quarter unit revenue, increase between 3% and 4% percent in the quarter ended June. According to a statement from the No.1 U.S. airline, American Airlines Group Inc, its second-quarter profit will… Read More ›
Saudi Arabia’s budget airline Flydeal opts for Airbus 320 over Boeing 737 MAX
Boeing appears to be steadily losing market share over the 737 MAX fiasco. In a significant development, Saudi Arabia’s budget airline, Flyadeal stated, it has opted for a fleet of Airbus A320 jets rather than buy more Boeing 737 MAX… Read More ›
Boeing pitches T-X training jets to Royal Australian Air Force
The Royal Australian Air Force is just one of many potential customers Boeing is talking to ahead of a request for proposal. On Tuesday, Boeing Co disclosed it is holding talks with potential customers, including the Royal Australian Air Force,… Read More ›
Vietnam’s Vietjet Aviation to purchase 50 A321neo from Airbus in a $6.5 billion deal
The deal was finalized during French Prime Minister Edouard Philippe’s visit to Hanoi. According to sources familiar with the matter at hand, Vietjet Aviation, a budget air carrier that is growing rapidly, is set to finalize a $6.5 billion jet… Read More ›
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