Cebu Pacific has finalised details of its planned Ps12.5 billion ($258 million) rights offering, aimed at providing the Philippine low-cost carrier with funds to repay debts – including those owed to lessors – and ensuring it has sufficient funds to refund passengers. Cebu Pacific has finalised details of its planned Ps12.5 billion ($258 million) rights offering, aimed at providing the Philippine low-cost carrier with funds to repay debts – including those owed to...Continue Reading
The US Air Force is studying a future fighter fleet that might include new Lockheed Martin F-16 fighters or possibly a clean-sheet 4.5 generation fighter. The US Air Force is studying a future fighter fleet that might include new Lockheed Martin F-16 fighters or possibly a clean-sheet 4.5 generation fighter. The service has for years advocated for recapitalizing its fleet with stealth aircraft, in particular the Lockheed Martin F-35. However,...Continue Reading
IndiGo chief executive Ronojoy Dutta expects significant growth to come from India’s smaller cities and regional towns. IndiGo chief executive Ronojoy Dutta expects significant growth to come from India’s smaller cities and regional towns. In an interview with FlightGlobal, Dutta notes that airline profitability in India was formerly driven by major routes between key cities, such as Mumbai-Delhi, or Delhi-Bangalore. As a proportion of profitability, however, secondary routes between smaller...Continue Reading
US Air Force Special Operations Command (AFSOC) aims to consolidate multiple aircraft roles into its Armed Overwatch aircraft programme in order to save money on the War on Terror. US Air Force Special Operations Command (AFSOC) aims to consolidate multiple aircraft roles into its Armed Overwatch aircraft programme in order to save money on the War on Terror. AFSOC is stretched thin as it tries to keep up the fight...Continue Reading
Officials in Las Vegas have decided to rename the city’s McCarran International Airport after former democratic US senator Harry Reid. Officials in Las Vegas have decided to rename the city’s McCarran International airport after Harry Reid, a former democratic senator from Nevada. The Board of Commissioners from Nevada’s Clark County, which owns the airport, unanimously voted on 16 February to rename the field Harry Reid International airport, striking the reference...Continue Reading
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