Thursday, October 15, 2026

JAL, MHI establish regional aircraft MRO joint venture

In August 2024, JAL and MHI signed an agreement to explore collaboration opportunities in the aftermarket business. Japan Airlines’ engineering unit and Mitsubishi Heavy Industries (MHI) have launched a new MRO joint venture, with a focus on regional aircraft maintenance. Nagoya-headquartered Aero Breath is 51% owned by JAL Engineering and 49% by MHI, and aims…

Ascend Airways’ total deficiency tops $50 million

Sister companies in Avia Solutions Group bear the brunt of losses caused by carrier’s closure. Shuttered UK wet-lease specialist Ascend Airways has a total deficiency of over $51 million, including more than $30 million owed to sister companies in Avia Solutions Group (ASG), newly released documents disclose. Ascend was placed into voluntary liquidation in late…

EasyJet facing possible offer from US investment firm Castlelake

Castlelake confirms interest in a potential approach to UK low-cost carrier. US-based investment firm Castlelake has confirmed it is exploring a possible offer for UK budget carrier EasyJet. Castlelake, which is based in Minneapolis, says its consideration is “in the early stages”. “No approach has been made to the board of EasyJet,” it states. “There…

Canada to launch domestic production of military drones for Ukraine

The deal establishes a partnership between Canadian and Ukrainian manufacturers to supply Kyiv with uncrewed weapon systems. The governments of Canada and Ukraine have signed an agreement to manufacture Ukrainian military drones in North America. Announced on 29 May at the annual CANSEC defence and security conference in Ottawa, the deal establishes a partnership between…

Leonardo unveils UK civil helicopter support centre

New site in Elstree will offer maintenance to operators of around 200 aircraft  Leonardo’s new civil helicopter maintenance and support facility at Elstree aerodrome north of London is one of a series of coming and current investments in the UK, according to the Italian manufacturer. The company officially unveiled what is its third European helicopter…

ZeroAvia faces more uncertainty as CEO Miftakhov steps down

CEO Val Miftakhov’s departure follows a tumultuous period that included staff cuts in the USA and UK. The chief executive and founder of hydrogen-propulsion developer ZeroAvia left the company on 26 May, a move that comes several months after the firm made sweeping layoffs and adjusted its development plans amid funding constraints. CEO Val Miftakhov…