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Air Canada is closing in on the purchase of up to 20 787 Dreamliners from Boeing Co to renew and expand its long-haul fleet, Bloomberg News reported on Wednesday, citing people familiar with the matter.
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The world's second largest aircraft lessor, SMBC Aviation Capital, has warned that India's decision to block leasing firms from reclaiming Go First planes will jolt the market and spark a confidence crisis, legal papers show.
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Brazilian planemaker Embraer SA said on Thursday it will sell up to 250 units of its Praetor 500 aircraft to Berkshire Hathaway's NetJets Inc in a deal valued at $5 billion, via an agreed options plan.
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Planemakers can't build them but airlines can't stop buying them.
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Go Airlines (India) needs to raise funds to resume operations, its newly appointed resolution professional told employees of the troubled low cost carrier on Thursday, according to a source with direct knowledge of the matter.