The Moscow Arbitration Court has issued an order requiring Yakutia Airlines, a Russian carrier, to pay $2.6 million to VTK-Avia as part of a partial settlement in a debt recovery case. The case centers on a 2017 lease agreement for two SSJ100 aircraft, with VTK-Avia seeking compensation for unpaid dues under the lease terms. This ruling marks a significant step in resolving a longstanding financial dispute, with…
Boeing has commenced the process of issuing layoff notices to 17,000 of its employees, a move set to reduce its workforce by 10%. This reduction comes as part of Boeing’s strategic efforts to stabilize its finances amid significant challenges impacting the aviation industry, particularly due to the reduced demand for air travel and aircraft orders…
Royal Jordanian has announced it will begin taking delivery of its new A320neo fleet starting January 2025. The airline has committed to introducing 16 A320neo aircraft to its operations, with these additions set to gradually replace 13 older A320 models as part of a modernization strategy. This transition supports Royal Jordanian’s goals for operational efficiency and sustainability by incorporating fuel-efficient A320neo jets into…
Lufthansa has entered into a $400 million sale-leaseback agreement with an undisclosed lessor, covering three Airbus A321neo and five A320neo aircraft currently operated by Eurowings, its subsidiary in Germany. This strategic move provides Lufthansa with increased flexibility and liquidity while retaining operational control of these modern, fuel-efficient aircraft within the Eurowings fleet.
LATAM Airlines Group, based in Chile, has sold one of its Boeing 767-300F freighters, serial 30780, to Jetran (US), beginning a planned reduction of its freighter fleet. This transaction represents the first of three B767-300F units that LATAM intends to remove, reflecting an adjustment in its fleet strategy to optimize operations and asset management.
BOC Aviation, headquartered in Singapore, has announced the placement of six Airbus A321neo aircraft with Turkish Airlines. All six aircraft will be delivered in 2027 as part of BOC Aviation’s order book, marking a significant addition to Turkish Airlines’ fleet expansion plans. This agreement underscores the commitment of both companies to bolster their respective positions in the global aviation market.
Air Botswana has expanded its fleet by introducing an ERJ145 regional jet, serial 14501063, on a wet lease arrangement with Westair Aviation from Namibia. This addition is aimed at enhancing the airline’s operational capacity to meet growing regional demand while offering greater flexibility in scheduling and route management.
NASA has awarded Electra, a U.S.-based company, a contract to develop key technologies and aircraft concepts aimed at the next generation of commercial airliners. This initiative is part of NASA’s broader efforts to drive innovation in commercial aviation, with an emphasis on sustainable and efficient aircraft that could enter service by mid-century. Electra’s involvement signals NASA’s commitment to fostering cutting-edge advancements…
GE Aerospace and Liebherr have announced their intention to collaborate with COMAC (Commercial Aircraft Corporation of China) in the development of the C929, China’s ambitious wide-body aircraft project. This collaboration marks a significant step in GE Aerospace and Liebherr’s longstanding relationship with COMAC, having previously supplied components for smaller planes. The companies aim to bring their technical expertise and advanced component…
Boeing has announced that it will take several weeks to fully resume the production of passenger aircraft, following the return of factory workers after a nearly two-month strike. This pause in manufacturing activity has led to delays in Boeing’s production schedule, impacting the company’s ability to meet existing orders and deliver aircraft on time. The strike, which affected…
