Aviation Daily Roundup: July 6, 2021

London Southend Airport Owner Agrees To $173M Loan

Credit: John Keeble/Getty Images

LONDON—Esken, the parent company of defunct UK regional carrier Stobart Air, has negotiated a £125 million ($173 million) seven-year loan with Carlyle Global Infrastructure (CGI), convertible to a 30% stake in London Southend Airport (LSA).

Read the full article

Standards Developers Identify Concerns, Next Steps For Certifying AI

Credit: Daedalean

Existing aeronautical standards are not adequate for certifying artificial intelligence (AI) with safety-critical systems, and new means of compliance will have to be developed, concludes a report jointly issued by standards developers SAE International and Eurocae.

Read the full article

Daily Memo: Parts Scarcity Creating Engine MRO Headwinds

Credit: Joe Pries

As commercial aftermarket business ramps up to support steadily increasing flight activity, log jams are inevitable. 

Read the full article

Qatar Airways Adds Vaccination Status To Travel Pass

Credit: Karim Jaafar/AFP/Getty Images

Qatar Airways plans to expand the functionality of the IATA Travel Pass mobile app by linking the vaccination status of personnel to the electronic document.

Read the full article

Wheels Up Envisions Evolving Into EVTOL Market

Credit: Wheels Up

As it prepares to list on the New York Stock Exchange, on-demand private aviation provider Wheels Up has detailed its vision for expanding into the electric vertical-takeoff-and-landing (eVTOL) market.

Read the full article

Aegean Airlines Finalizes $214M In Funding

Credit: Rob Finlayson

Greek carrier Aegean has received €180 million ($213.5 million) in fresh liquidity, after completing a €60 million share-capital increase and receiving €120 million in government-backed compensation.

Read the full article

India’s Authorities Ease Domestic Flight Restrictions

Credit: Money Sharma/AFP/Getty Images

The Indian government has decided to raise its cap on airline domestic operations, allowing Indian carriers to add back more capacity as demand increases.

Read the full article

Trans Maldivian Airways Restructures, Sold To Carlyle

Credit: Eyes Wide Open/Getty Images

Seaplane operator Trans Maldivian Airways (TMA) has completed a restructuring that has seen its majority ownership transfer to funds affiliated with U.S. investment firm Carlyle.

Read the full article

AirAsia Indonesia Suspends Flights For A Month

Credit: Sonny Tumbelaka / AFP / Getty Images

AirAsia Indonesia will suspend all domestic and international flights for a month from July 6 to support the Indonesian government’s efforts to control the latest COVID-19 outbreak.

Read the full article

Porter Plans To Resume An Initial 12 Routes

Credit: Joe Pries

After a series of false dawns, Porter Airlines is confident its flights will finally restart in September.

Read the full article

An-26 Turboprop Crashes In Russian Far East

Credit: Kamchatskoe Air Enterprise

MOSCOW—A 39-year-old Antonov An-26 turboprop crashed on the Kamchatka peninsula in the Russian Far East on July 6 with 28 people aboard. 

Read the full article

Changi May Reopen T4 For Travelers Coming From High-Risk Countries

Credit: Changi Airport Group

SINGAPORE—Singapore Changi Airport (SIN) and relevant authorities are studying a proposal to reopen its Terminal 4 solely to handle passengers from high-risk countries.

Read the full article

UWCA Progresses On Development Of New 44-Seat TVRS Turboprop

Credit: Maxim Pyadushkin

YEKATERINBURG, Russia—Russia’s aircraft industry is controlled by the government through United Aircraft Corporation (UAC), a holding company that unites the country’s legacy design and manufacturing facilities to focus on defense programs and commercial aircraft with more than 50 seats.

Read the full article

London Southend Airport owner agrees to a $173m loan, Qatar Airways adds vaccination status to travel pass, India’s authorities ease domestic flight restrictions and more. Take a look at the daily roundup of air transport news.

Get regular analysis and insights from Aviation Week Network’s award-winning editorial and data teams on technology and business advances impacting the global aviation, aerospace and defense industries.

Aviation Week Intelligence Network
Monitor the market and connect your business to the people, programs and proprietary data driving the Commercial Aviation market - only available with AWIN.

AVD_AWIN_270

Stay Connected.
Stay Informed.
Grow Your Business.

Learn How