COLLINS AEROSPACE opened The Grid, a $50m, 25,000 sq ft advanced electric power systems laboratory to develop and test key components for hybrid-electric propulsion and more electric systems; it has test capability of eight megawatts.
KM MALTA AIRLINES is being established by Govt of Malta for startup on March 31, 2024 (supplanting AIR MALTA, which is ceasing operations on March 30) with eight A320neos (in mixed owned and leased ownership structure) serving 17 routes.
AZUL completed restructuring program with all lessors and OEMs that includes permanent elimination of lease payment obligations, deferral of certain payments to lessors, OEMs, and certain suppliers, and other concessions including improved end-of-lease compensation obligations and aircraft return conditions. It issued $370.5m in senior notes due 2030.