Deutsche Bank aerospace analyst Myles Walton downgraded his rating for Gulfstream Aerospace parent company General Dynamics today from “buy” to “hold” due to concerns about the effect of rising pre-ownedG650 inventory on new sales and deliveries. According to Walton, for-sale G650 inventory has risen from nine to 22 this month, up from four last March....
By Lucky Last week I wrote about how the SEC is investigating an executive from Baltia Air Lines, which is an airline I first wrote about in 2014. They’ve been in “business” (which is to say they’ve been stealing investing other peoples’ money) for 27 years, though they’ve still yet to operate a commercial flight, despite owning a plane for over 20 years....
Hypersonic aircraft and weapons that can fly more than five times the speed of sound may seem like a futuristic fantasy, but defense giant Lockheed Martin says it is committed to making these ultrafast innovations a reality. In fact, Lockheed Martin is doubling down on hypersonic aerospace technologies, Lockheed officials said recently at the company's Media Day. "Lockheed Martin co...
Mahan Air is accused of providing lifeline to Syria's Bashar al-Assad and ferrying elite Quds force to Damascus. Two British businessmen have been blacklisted by the American government for allegedly helping an Iranian airline – accused of carrying arms and fighters to Syria – flout US terrorism sanctions. The US Department of the Treasury said it was placing Jeffrey Ashfield...
Some of us are travelling less due to job specifics, some much more. Different airports, different airlines, different flight experiences... Each time you are getting to know a new one, it is really interesting, a bit of the premiere feeling. This time we were flying with airBaltic from Riga to Frankfurt. First thing we found really easy and great to use – airBaltic online check-in. fast...
Though several industrial giants can be found at the forefront of metal 3D printing pioneering, none is more prominent than Airbus. They have been adopting 3D printing at lightning speed, and several of their latest engine and plane designs already rely on top of the range 3D printed parts – such as A350 XWB which features over a 1000 3D printed components. Additive Industries, the Dutch 3D...
Jet Airways will operate three recovery flights from Amsterdam to Mumbai, Delhi and Toronto on Thursday to fly the passengers stranded in Brussels following a series of explosions that rocked the airport and metro station in the Belgian capital on Tuesday. An airline spokesperson said the first recovery flight, 9W 227, will depart from Amsterdam for Mumbai at 1400 hrs (local time) while the one...
Seaplane operator Seawings has launched a series of corporate solutions and programmes ensuring progressive companies have access to creative and distinct corporate event ideas, team building programmes and employee reward programmes, among other options. Bespoke itineraries are developed for both internal events such as team building, as well as corporate entertaining for their new or existing...
The world’s largest aerial firefighting asset, the Boeing 747-400-based Global SuperTanker, is almost ready to begin commercial operations. Jim Wheeler, president and chief executive of Global SuperTanker Services, based in Colorado Springs, Colorado, expects the US Federal Aviation Administration to approve an amended supplemental type certificate in early May. Investment group A...
ExecuJet Aviation Group is expanding its European managed fleet with the addition of a brand new Gulfstream G650 aircraft and one Gulfstream G550 aircraft. Niclas von Planta, ExecuJet’s Vice President, Europe, says: “As we continue to receive positive feedback and referrals from our customers globally, we are experiencing very high interest in ExecuJet’s aircraft management se...
Comlux America has been awarded a Foreign EASA 145 Certificate making them the first stand-alone EASA certificate holder in the USA. The certificate allows Comlux to perform base maintenance and interior completions on European Union (EU) registered aircraft not type certificated by the Federal Aviation Administration (FAA). Since 2011 Comlux America has held an EASA supplement to their FAA...
Fastjet's share price plunged yesterday, dropping by 10.95 per cent to close at 30.50p. The stock dipped on the first day of trading since Easy Group owner Sir Stelios Haji-Ioannou sent a letter to the African budget airline, threatening legal action over a series of alleged licence breaches. Easy Group - parent company of EasyJet - owns the Fastjet brand. Among other grievance...
