Timaero, which is linked to sanctioned Russian bank VEB, has issued legal proceedings against Boeing in Ireland, on top of its long-running US lawsuit against the aviation giant.
The liquidation of Pan JSC started in 2017 and has finally finished up. The company was financed by a bank which was recently embroiled in an international money-laundering crackdown.
Having bowed out of insurance litigation last May, CDB Aviation has been settling with insurers on its beached Russian assets. But one case that went the distance looks set to deliver a multi-million euro payout.
The family business, run from Limerick, works with airlines and lessors to move aircraft engines and parts around the world and has more than €38 million in turnover.
Alan Doyle kicked off Aerlytix in 2020 in the midst of Covid challenges and aviation’s shutdown but in the last five years it has raised over €10m and is now plotting a major product expansion.
The lines between long- and short-haul, trunk and point-to-point routes are blurring as more efficient jets redefine the economics of each seat – and the rules of competition.
The Swiss company set up a Dublin base several years ago but the operations never fully took off. Now the company is shutting down the Irish subsidiary.
Flexjet, recently valued at $4bn, is seeking the go-ahead from the Irish Aviation Authority to push deeper into Europe, despite a backlash against emissions from private jets.
Led by Rupert Stebbings, the new airline hopes to target Caribbean islands, the Amazon and more. Called Alma Air, it will be the seventh airline backed by Declan Ryan's Irelandia.
The C919 is Beijing’s bold attempt to break into commercial aviation. With lessons learned from cars, ships and trains, China has shown scale and patience — but the Airbus-Boeing duopoly won’t be easy to unseat.
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