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Jet Airways has delayed paying interest on debentures coming due on 19 March, and grounded four more jets over defaults on lease rentals as the carrier’s cash crunch show little sign of abating. The carrier disclosed that its interest payments “will be delayed owing to temporary liquidity constraints” in a stock exchange statement. It did…

Increased sales at Leonardo’s helicopter division and its electronics, defence and security systems business were the main drivers behind a 4.3% rise in the Italian aerospace group’s revenue in 2018, to €12.2 billion ($13.8 billion). The manufacturer says it delivered 177 rotorcraft during the year ended 31 December – up from 149 units in 2017…

US helicopter operator PHI has filed for chapter 11 bankruptcy protection in the face of continued weakness in the offshore oil and gas market and other financial pressures. Louisiana-based PHI says it has been working since last spring to address the company’s problems, including its matured debt, and to strengthen its balance sheet. PHI had…

Boeing, its suppliers and some weaker airline credits could come under credit ratings pressure this year if complex safety problems are identified with the 737 Max, Fitch Ratings warns. The agency says in a research note that there are several possible scenarios from the recent crashes of 737 Max 8s operated by Ethiopian Airlines and…

The US Army launched a manned-unmanned aircraft teaming demonstration programme on 14 March which is intended to help rotorcraft pilots better coordinate with autonomous drones in combat. Called the Advanced Teaming Demonstration Programme (A-Team), manned-unmanned teaming systems that are engineered could be installed on the service’s new Future Vertical Lift aircraft. Those aircraft include the…

Copa Airlines will fund eight Boeing narrowbodies delivering this year with Japanese operating leases with call option. Sign in/Register here Registration gives you instant free access to FlightGlobal’s news, in-depth analysis, insight and opinion from our global team of experts, and access to our Flight International and Flight Airline Business online libraries. You’ll only need…

Leonardo Helicopters has secured US certification for its skid-equipped AW109 Trekker, having gained European approval for the light-twin in June 2018. Designed to appeal to the emergency medical services segment, the new variant builds on the success of the AW109 Grand New and is the first light-twin in the company’s portfolio to be fitted with…

Delta Air Lines has priced a $500 million secured enhanced equipment trust certificate (EETC) transaction for 14 aircraft, its first such transaction in four years. Sign in/Register here Registration gives you instant free access to FlightGlobal’s news, in-depth analysis, insight and opinion from our global team of experts, and access to our Flight International and…

WNG Capital has hired three people into top roles, after raising a $345 million aircraft investment fund in January. Sign in/Register here Registration gives you instant free access to FlightGlobal’s news, in-depth analysis, insight and opinion from our global team of experts, and access to our Flight International and Flight Airline Business online libraries. You’ll…

Jet Airways has denied recent Indian media reports that it had secured a new R20.5 billion ($295 million) credit facility from Punjab National Bank (PNB). It clarified that while the company has existing credit facilities of $300 million from PNB, “no fresh credit facilities, as reported, have been provided by PNB”. The carrier issued the…

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