NEWS
Gulfstream Delivers First G600
The initial U.S. customer delivery marks a milestone for the jet. Gulfstream Aerospace delivered its first G600 business jet to a U.S. customer from its facility in Savannah, Georgia, on August 8, 2019. The initial delivery marks an important milestone for the program, just one month after the FAA granted the aircraft’s type and production
Read MoreTamarack Aerospace Restarts the Clock on Warranties
Active winglet airplanes returned to flying status. On July 10, the FAA approved an alternative method of compliance (AMOC) for all Active Winglet equipped Citation jets, which returned CJ1, CJ2, CJ3 and M2 aircraft to flying status. EASA regulators also recently resolved flight restriction issues in Europe created around the recent Emergency Airworthiness Directive (EAD)
Read MoreBritish Airways facing record £183 million data break fine
British Airways is facing a record fine of £183 million in relation to last year’s breach of its security systems. “We are surprised and disappointed in this initial finding from the ICO. British Airways responded quickly to a criminal act to steal customers’ data,” British Airways chairman and chief executive officer Alex Cruz, said. “We
Read MoreGaruda Indonesia shares tumble as regulator orders fixing of financial numbers
Indonesia’s financial regulator (OJK) and stock exchange has ordered Garuda Indonesia to “repair and restate” its annual accounts – this has in turn sent the airline’s shares tumbling 7.6%, its lowest level since January. The news comes just weeks after its two biggest private shareholders alleged it had misrepresented a $240 million transaction. OJK has
Read MoreLufthansa lowers outlook; IMO 2020; and the lead story from Paris
Lufthansa shares fell by 11.5% this morning at the open after the German flag carrier lowered its profit outlook for 2019 from €2.4-3bn to €2-2.4bn, citing price competition from low-cost rivals. In a statement, Lufthansa said: “Yields in the European short-haul market, in particular in the group’s home markets, Germany and Austria, are affected by
Read MoreMagnetic MRO looking to raise capital with issue of new shares
Magnetic MRO (MMRO) has reached an agreement with investors to raise additional capital by up to €8.95 million ($10.1 million). Chinese company Shenzhen Yongtai Trading and Hong Kong-based Sapphire Investment Holding will acquire shareholdings of up to 13.44% and 1.6% respectively. The total share capital of Magnetic MRO will be increased from €1.09 million to €1.23
Read MoreWheels Up Network Grows With New Acquisition
Light jet aircraft will complement Wheels Up’s existing fleet. New York City-based Wheels Up, a private member-based aircraft operator, today said it was adding Travel Management Company (TMC) to its portfolio. The acquisition is responding to the increasing demand from Wheels Up members for high-quality light jets that meet Wheels Up’s stringent safety and operational
Read MoreFAA Grounds Citation 525s With Tamarack Winglets
AD allows a ferry permit with flight restrictions. The FAA today issued an airworthiness directive effective immediately that grounds all Cessna Citation CJ 525, 525A and 525B models operating with Tamarack active load alleviation system (ATLAS) winglets installed in accordance with STCSA03842NY. The agency said malfunctioning of the ATLAS could lead to loss of control
Read MoreSenate Grills FAA Nominee on Boeing 737 Max Issues
Former Delta executive Steve Dickson’s path to confirmation as the next FAA Administrator is expected to be a smooth one despite pointed questions from senators. Former Delta Air Lines executive Steve Dickson faced heated questions in the Senate on Wednesday about whether regulators could have done more to prevent two fatal crashes of Boeing 737
Read MoreVan Nuys Airport Holds Another Successful Aviation Career Day
1,200 students heard from dozens of exhibitors. Van Nuys Airport, one of the busiest general aviation facilities in the U.S., last week held its 14th annual, “The Sky’s the Limit: Aviation Career Day.” This year more than 1,200 students got a first-hand look at dozens of job opportunities possibly awaiting them in the aviation industry.
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