Low cost carrier Wizz Air is aiming to raise €200 million ($273 million) through an initial public offering on the London Stock Exchange next month. The 10-year-old company is seeking to expand its network, which currently consists of around 315 routes between 96 destinations in 35 countries, in order to challenge the continent’s leading budget carriers Ryanair and EasyJet. U.S. private equity group Indigo Partners, which is currently Wizz Air’s leading shareholder, is expected to reduce its equity holding through the share offering.
The U.S. Federal Aviation Administration on Wednesday increased the limits of Boeing 787 extended twin-engine operations (ETOPS) from 180 to 330 minutes, Boeing announced on Wednesday. The approval allows the Dreamliner to operate as far as 330 minutes away from a diversion airfield, thereby allowing for more direct routes between long-range city pairs, particularly over the Pacific Ocean.
The Federal Aviation Administration has created a new interagency office to coordinate federal investment in the ambitious NextGen ATC modernization effort following the elimination of the Joint Planning and Development Office (JPDO). Congress erased funding for the JPDO earlier this year, 10 years after it required the Department of Transportation to establish the office under the Vision 100-Century of Aviation legislation that launched NextGen.
The Malaysian Department of Civil Aviation (DCA) on Tuesday released the raw satellite data that it used as the basis for its March 21 announcement that Malaysian Airlines flight MH370 had crashed into the southern Indian Ocean after disappearing on March 8 during a flight from Kuala Lumpur to Beijing.
While ATR and Bombardier continue to vacillate over plans to introduce a new 90-seat turboprop, Pratt & Whitney Canada keeps moving forward with an engine it believes will deliver a 20-percent fuel burn improvement over existing engines in the 5,000- to 7,000-shp range by the turn of the decade. Dubbed the Next Generation Regional Turboprop (NGRT), the engine would feature an all-new compressor, a miniaturized version of Pratt & Whitney’s patented Talon combustor and likely an eight-blade propeller
Battle lines have formed in the National Transportation Safety Board (NTSB) review of the $10,000 fine the FAA charged Raphael Pirker for operating a small unmanned aircraft. Six parties filed “friend of the court” amicus briefs by the NTSB’s May 16 deadline, including a coalition of major news media organizations supporting Pirker’s position.
European Union government ministers meeting at the ILA air show in Berlin on Tuesday said they will back a new European Commission (EC) complaint to the World Trade Organization (WTO) over the state of Washington’s offer of $8.7 billion in financial support for Boeing’s 777X development.
A contract for 30 of the new 737 Max airliners placed by an undisclosed customer on Tuesday has pushed Boeing passed 2,000 orders for the new generation narrowbody. According to the U.S. airframer, the Max has reached the 2,000-order mark faster than any other Boeing aircraft. Boeing now holds 2,010 orders from 39 customers worldwide, with a collective value of $209 billion at list prices, plus commitments for more than 250 additional aircraft.
Lebanon’s inability to appoint a fully fledged civil aviation authority has led to failures to pass ICAO audits, but has not raised safety concerns about airlines operating within the country, a senior Lebanese civil aviation official told AIN recently in Dubai.
UK carrier EasyJet said it will apply new technologies, including operating small unmanned aircraft systems (UAS), to maintain its Airbus fleet. The airline is also developing 3D virtual reality and augmented reality technology, customized engineering applications and early fault prognosis. It is installing Panasonic Toughpad tablets in cockpits fleetwide.