Airlines are benefitting from growing capital market support for new aircraft financing, with this source of funding expected to account for as much as 15 percent of all transactions this year, according to Boeing Capital. A few years ago, capital markets accounted for barely 2 to 3 percent of aircraft financing.
AIN Air Transport Perspective » May 13, 2013
Sita is supporting the launch of datalink ATC service in Indonesian airspace. The Geneva-based company has an agreement with Indonesia’s air navigation service provider to provide an air-to-ground datalink infrastructure that will enable pilots and controllers to communicate in the Jakarta flight information region.
Struggling Scandinavian flag carrier SAS has signed an agreement to sell its regional subsidiary Widerøe as part of an ongoing restructuring program to achieve financial stability. SAS will sell 80 percent of Widerøe to Norwegian companies Torghatten ASA, Fjord1 AS and Nordland Fylkeskommune. The sales will include seven Bombardier Q400 turboprops that SAS currently leases to the regional carrier. The transaction must be approved by Norwegian authorities, and is expected to close in September.
Last month US Airways became the first airline to receive FAA certification approval of the SafeRoute suite of NextGen avionics applications in the Airbus A330. The airline claims SafeRoute will “enhance operational safety and efficiency during various phases of flight.”
As the Regional Airline Association gathered its membership in Montreal from May 6 to 9 for its first-ever annual convention held outside the U.S., few among the RAA braintrust could set aside thoughts of events back home in Washington, D.C. In fact, what many consider the FAA’s bungled effort to advance the Next Generation Air Traffic Control system, or NextGen, took top billing among the various panel discussions held at the Palais des Congres de Montreal, where the RAA saw some 1,400 visitors pass through the turnstiles.
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