Qantas announced on May 2, 2018, an order for six additional Boeing 787-9s to fly on its international network, bringing its fleet of Dreamliners to 14 by the end of 2020. The arrival of the new aircraft should accelerate the retirement of the airline’s last six Boeing 747s. The Qantas Group CEO Alan Joyce hailed […]
Boeing announced on May 1, 2018, entering a definitive agreement to acquire KLX as a means to enhance its growing services business. The agreement comprises an all-cash transaction for $63 per share and the assumption of approximately $1.0 billion of net debt, totaling at $4.25 billion. Boeing’s acquisition of KLX will include KLX’s Aerospace Solutions […]
Ethiopian Airlines, Ethiopia’s flag carrier and one of the largest airlines in Africa, signed a firm $332 million-worth order to purchase ten Bombardier Q400 turboprop planes, the Canadian manufacturer announced on April 27, 2018. The order also includes purchase rights for five additional Q400 aircraft. “The Bombardier turboprops continue to deliver unmatched performance to our operators, […]
IndiGo Airlines parent, InterGlobe Aviation, announced on April 27, 2018, that the company’s president and whole-time director, Aditya Ghosh, is stepping down. While the board considers his replacement, Rahul Bhatia, the company’s founder and director, took over as interim CEO. But after going through several tumultuous months, topped with Ghosh’s exit, the airline faces more […]
