On Monday, adding to its string of recent cancellations, China Development Bank (CDB) Financial Leasing Co stated, it has agreed with Boeing, to cancel the purchase of 29 undelivered 737 MAX jets. The 737 MAX has been grounded globally for more than a year following deadly crashes in Indonesia and Ethiopia. “In light of evolving…
Negotiations with Boeing are ongoing. Garuda Indonesia has said, it could switch the order with other Boeing models. Airbus SE jets are not, yet, being considered. On Friday, Fuad Rizal, the Chief Financial Officer of Indonesia’s national carrier Garuda Indonesia stated, the airlines has sent a letter to Boeing Co asking it to cancel an…
The contract has a 10-year tenure and is for the supply of advanced components for various fighter aircraft. Meggitt Plc, a UK-based engineering firm has signed a $750 million contract with Pratt & Whitney for the supply of components for two of its engines. The 10-year contract agreement with Pratt & Whitney is for the…
In the wake of increased incidents of near misses by unmanned vehicles and drones, a United Nations-led effort is making significant headway in the creation of a global drone registry where geo-fencing and blockchain technology is being used to ensure that drones listed in the registry are unable to fly near restricted airspace. Airlines from…
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