Malaysia Airlines Berhad (MAB) is seeking approval for a revised turnaround plan aimed at better aligning its business strategy and fleet to address financial and market challenges.
Baltic maintenance, repair and overhaul (MRO) firm Magnetic MRO plans to raise up to €8.95 million ($10.1 million) to fund organic growth, through a capital increase that could see Chinese company Shenzhen Yongtai Trading Co. and Hong Kong-based Sapphire Investment Holding acquiring shareholdings of up to 13.44% and 1.6%, respectively.
Swedish investment firm Triton has acquired the tour operating activities of the Dutch Corendon Holiday Group, including the latter’s small in-house airline.
London Heathrow is investing £50 million ($63.5 million) in security-screening upgrades, meaning passengers will no longer be required to remove their liquids and laptops from their hand luggage.
Air Canada and Drone Delivery Canada (DDC) have entered into an exclusive sales agency agreement that calls for Air Canada Cargo to market DDC’s drone delivery services in Canada, the companies announced.
Spirit AeroSystems, the aerostructures provider for 70% of the Boeing 737, will shorten its workweek to 32 hours as a result of the aircraft’s production slowdown.
Major US carriers have filed a complaint with federal regulators to seek reimbursement from Buckeye Pipe Line Co., alleging the company’s rates for shipping jet fuel from its Linden, New Jersey, refinery to New York-area airports “are not just or reasonable.”
Nigerian regional startup Ibom Air operated its first flight June 7, from Uyo to Lagos, after securing its air operator’s certificate from the Nigerian CAA.
German startup Volocopter says its multicopter electric vertical-takeoff-and-landing (eVTOL) air taxi can offer the majority of inner-city and airport shuttle services in more than 90% of its Top 100 target cities.
Japan Airlines (JAL) will mainly rely on increased aircraft utilization to increase capacity and meet an expected demand surge in 2020, although its planned long-haul LCC startup will also help.
Air Mauritius is reviewing its business model and network, and upgrading its fleet, in response to growing competition at the airline’s Indian Ocean base.
Greek carrier Aegean Airlines reported a first-quarter net loss of €35.2 million ($39.6 million), 14% greater than a €30.8 million loss in the year ago period as fuel costs rose and average fares declined.
Central and Eastern European LCC Wizz Air, which launched operations from its Vienna, Austria base in June 2018, is adding a sixth Airbus A321 and six new routes from mid-December.
The Civil Aviation Administration of China (CAAC) has released a list of international air route applications by local airlines, including Beijing Capital Airlines, China Eastern Airlines, Juneyao Airlines and Shenzhen Airlines:
After a nearly year-long hiatus, the FAA’s drone advisory committee (DAC) met June 6 with a new chairman and a tasking from the agency to marshal industry behind a coming requirement that drones be capable of being identified in flight.
France has called on European transport ministers to discuss putting in place an aviation tax at a European level to help reduce carbon dioxide emissions.
The US House Appropriations Committee has approved legislation granting $17.7 billion to FAA in FY2020, advancing the bill to the full chamber where it is scheduled to be taken up later in June.
