China’s ambitions to fast-track the development of its aerospace industry continued to be a key driver of merger and acquisitions (M&A) activity during the second quarter, according to financial advising group PricewaterhouseCoopers (PwC).
AIN Air Transport Perspective » August 12, 2013
The Air Line Pilots Association (ALPA) hopes that testing the U.S. Federal Aviation Administration is conducting will identify a limit for the number of lithium batteries that can be safely transported by cargo aircraft.
Lion Air, Indonesia’s largest domestic carrier, is expanding its routes and training facilities, having ordered 20 Cessna 172s and one Boeing 737-900ER simulator, its third, to shore up an impending need for pilots. The budget carrier has placed orders for more than 500 narrowbodies with Boeing and Airbus; it currently has a fleet of 96 aircraft.
Three of the four shareholders of the defunct Spirit of Manila Airlines (SMA) plan to relaunch and rebrand the Filipino carrier next year. According to Aldo Lance Lopez, an original stakeholder in SMA who expects to hold a 20-percent stake in the new low-cost carrier (LCC), the existing investors hope to add a foreign partner.
This marks the second attempt to relaunch the carrier. The first effort, launched last year, fizzled when a potential foreign investor pulled out after negotiations ended in a stalemate.
The Aviation Partners Boeing (APB) joint venture has in recent weeks signed additional airline customers for its Boeing 737NG split scimitar winglet modification since receiving a firm commitment from launch customer United Airlines in January. The new winglet design improves upon the aerodynamic efficiency of APB’s blended winglet for the 737NG, enabling an estimated 2-percent extra reduction in fuel consumption.
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