AIR NEW ZEALAND established 3-year, NZ$250m unsecured syndicated revolving credit facility for standby liquidity support; new facility replaces previous $400m facility and was arranged by ANZ Bank New Zealand and MUFG Bank.
AMERICAN AIRLINES lowered its 2Q24 guidance for adjusted operating margin by one percentage point, to between approximately 8.5% to 10.5%, as y-o-y TRASM is expected to be down 5-6% vs down 1-3% as previously forecast.
The European Commission has approved up to $1.5 billion in state aid to support development and deployment of a hydrogen value chain for the transport sector.
CAE and its partners have passed the PDR for their program to electrify the Piper Archer training aircraft and are heading into detail design of the testbed.
The UAE Space Agency and the Emirates Defense Companies Council (EDCC) have signed an MoU to collaborate on fostering business within the aerospace and defence sectors.
French seat manufacturer Expliseat has won a contract for around 25 shipsets of its new TiSeat 2X model, to refurbish Air France Hop's Embraer E190 fleet.
