A Japan Airlines Boeing 777 heading from Naha Airport in Okinawa to Haneda Airport in Tokyo suffered engine damage and failure shortly after take-off, forcing it to return back to its origin airport. The failure was reportedly caused by significant damage to the engine, caused when parts of the engine, including its cover, broke up
Norwegian Air Shuttle has officially launched its emergency rescue plan to save the struggling airline, which includes proposals to downsize its fleet and raise additional funds from investors. Norwegian Air’s board has currently proposed the “reconstruction” of the airline’s balance sheet by reducing the size of its aircraft fleet, launching a new debt-for-equity swap, and
Boeing has announced it will reduce the production output of its 787 Dreamliner widebody aircraft to five jets a month in mid-2021, down from six. The decision was made off the back of ongoing subdued demand for new jet orders, with the US planemaker reporting another month of no new deliveries or orders on the
CDB Aviation, the Irish subsidiary of China Development Bank Financial Leasing, has completed the financing for eight of the nine Boeing 737 MAX 8 aircraft under the purchase and leaseback agreement with Canada’s second-largest carrier WestJet. The ninth aircraft is expected to close in December 2020. The aircraft were originally delivered to WestJet over the
Collapsed regional airline Flybe may be set to return from the dead, after the airline’s hedge fund owner applied for a UK operating licence. Thyme Opco, a holding company owned by Cyrus Capital, has applied for an operating license with the UK Civil Aviation Authority for the Exeter-based regional carrier. New-York based Cyrus Capital was
A number of airlines have come out in public support of Boeing and its newly recertified 737 MAX jet by taking delivery of delayed orders and placing new ones, a win for the embattled US planemaker. European budget airline and major customer Ryanair has ordered an additional 75 MAX jets, a deal worth over $9
