Other Industry News
Consolidation continues in the global aviation market, this time delivering a shift in transatlantic services. International Airline Group announced this morning its intentions to buy Air Europa. The Spanish carrier will become part of the Iberia operation within IAG though remain an independent brand, at least to start. The deal is valued at 1 billion euro and full integration is expected by 2025.
The final phase of Bombardier's aviation business restructuring is approaching the finish line. The company announced today a definitive agreement to sell its aerostructures business to Spirit AeroSystems. The deal includes facilities in Belfast, Casablanca and Dallas. Spirit will pay $500 million in cash and assume liabilities in excess of $700 million as part of the deal.
Sure, the plane can land itself with this magic button. But does that really portend the coming autonomous aircraft revolution? Or highlight just how far away that really is from a reality??
What can we gather from more than three hours of testimony by Boeing executives and government safety officials before the US Senate Commerce Committee today? Mostly that the format is terrible for getting real answers to the critical questions surrounding the 737MAX crashes, subsequent grounding and potential, eventual return to service. Still, a few interesting bits bubbled up through the testimony.
It is no secret that Norwegian wants access to fly across northern Russia. The trans-Siberian routes open up opportunities in North Asia, including Japan, China and Korea. And the Russians know this. The country is a notoriously tough negotiator when it comes to gaining access to those routes. Some might even claim extortionate. Oh, and the country has a maligned small airplane that it would like to see selling better, perhaps flying more outside of its home carriers. What are the odds??