Neymar is currently under investigation in Brazil over alleged tax evasion during the last two years of his Santos career between 2011 and 2013. A Brazilian court has ordered the seizure of £33million worth of Neymar's possessions, according to reports. Spanish outlet Marca claim the Barcelona star will have his luxury yacht and private jet reclaimed, as well as numerous properties...
MIT is collaborating with Boeing and NASA to develop a four-part online, certificate-based program: “Architecture and Systems Engineering: Models and Methods to Manage Complex Systems.” The program aims to ensure that the engineering workforce has continual training and access to the latest knowledge and methods to design and develop products in a rapidly changing environment. The f...
Qatar Airways will seek compensation for delays in delivery of its Airbus A320neo aircraft, chief executive Akbar Al Baker said. Pratt & Whitney’s geared turbofan-powered engines have a “long way to go,” and Qatar Airways expects a “very huge” delay before receiving the A320neo, Mr Al Baker told Bloomberg Television on Tuesday during the Singapore Airshow....
Throughout 2015, the large-cabin, long-range business jet segment showed some serious signs of weakness in light of slowing demand from an emerging markets slowdown and reduced orders from oil-producing countries, according to Flightglobal’s Ascend consultancy. This also triggered a slump in the residual values of many established models in this niche sector, it says. In its latest ViewPo...
After paying $16 for a flight's worth of crappy Wi-Fi service, the thought might have crossed your mind to sue Gogo. That's exactly what American Airlines just did. The nation's largest airline filed a lawsuit against Gogo, which could could clear the path for American to change its in-flight Wi-Fi provider for a quarter of its fleet. The lawsuit aims to get a jud...
In just 90 days, aircraft designer Cobalt has taken over $50 million in pre orders for its first two models, the Co50 Valkyrie and the Valkyrie-X. In the first 24 hours alone, the company received 29 orders. Aircraft buyers are notoriously conservative when it comes to new design, preferring tried-and-true models that have remained relatively unchanged for decades....
Boeing and Okay Airways today announced a commitment for 12 737s, including eight MAX 8s, three 737 MAX 9s and one Next-Generation 737-900ER (Extended Range) airplane. The agreement, valued at $1.3 billion at current list prices, is subject to the approval of the Chinese government and will be posted to Boeing’s Orders & Deliveries website once all contingencies ar...
Delta Air Lines will file with the U.S. government to operate non-stop service to Cuba, the airline said. The application follows Tuesday’s signature of a historic agreement allowing North American airlines to fly scheduled commercial flights to Havana and nine other Cuban cities. “Filing for service to Havana is an important moment in aviation history for Delta and between the U.S....
Qingdao Airlines has selected CFM International’s CFM56-5B engine to power five purchased Airbus A320ceo aircraft. The order is valued at $100 million U.S. at list price. The airplane order was announced in September 2013 and the airline will begin taking delivery later this year. To support its fleet, the airline has also signed a 12-year Materials Services Agreement. &ldquo...
Airbus got off to a good start in 2016, in particular for its best-selling wide body family with 16 aircraft orders booked in January, comprising 14 all new A330-900neo’s from an undisclosed customer and two A320ceo’s from fast growing Hong Kong based lessor, CALC (China Aircraft Leasing Company). The main highlight of Airbus’ deliveries in January 2016 was the very first A320...
Aerolease Aviation, a Florida-based lessor with a portfolio of 40 used Boeing 757s, signed a letter of intent (LOI) for 10 Mitsubishi Regional Jets (MRJ) plus 10 options. Aerolease becomes the first lessor to commit to the MRJ. “We firmly believe that the asset value of the MRJ has now been recognized in the aircraft finance market,” Mitsubishi Aircraft Corp. president Hiromichi Mor...
Gulfstream Aerospace says it’s unable to keep up with demand from the rich. Pay $65 million for the G650 or G650ER personal jets, and your wait to board them could be as long as two years, Scott Neal, Gulfstream’s senior vice president of worldwide sales and marketing, said in a Bloomberg TV interview Tuesday at the Singapore Air Show. The G650ER “has taken market shar...
