AeroTime
• Clement Charpentreau
Belgium has blocked the proposed acquisition of NHV Group by China-linked GD Helicopter Finance. The helicopter operator supports offshore energy and defense operations, making the decision a notable intervention in foreign investment involving strategically relevant aviation assets.
Geopolitical Developments & Conflict Impact
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Lithuanian military intelligence believes Russia is considering deploying Ukrainian-made drones against critical infrastructure in the Baltic region, Defense Minister Robertas Kaunas said Aug. 6, 2026. The alleged operation would be designed to obscure Russian responsibility by making the attack appear linked to Ukraine.
Belgium has blocked the proposed acquisition of NHV Group by China-linked GD Helicopter Finance. The helicopter operator supports offshore energy and defense operations, making the decision a notable intervention in foreign investment involving strategically relevant aviation assets.
High activity
Cebu Pacific and Wizz Air reported losses after fuel expenses surged, with Cebu Pacific’s costs more than doubling and Wizz Air’s rising 39%. Copa Holdings’ second-quarter profit fell by more than half, while Cathay Group’s first-half profit rose to HK$6.2 billion despite higher fuel prices and a six-month A350 freighter delivery delay.
Lt. Gen. Daniel Lasica has assumed leadership of U.S. Air Forces Central in a scheduled change of command as American forces operate in the Middle East during the Iran war. The transition places a new commander at the helm of the region’s U.S. Air Force operations.
High activity
Delta Air Lines will begin daily nonstop Atlanta–Riyadh service on Oct. 23, 2026, its first route to Saudi Arabia and the first nonstop connection between the U.S. and Riyadh operated by a U.S. airline. The launch advances Delta’s partnership with Riyadh Air despite continuing regional tensions.
A North Korean unit is deploying to western Russia and could operate as many as 120 ballistic missiles for strikes against Ukraine, Reuters reported. The reported deployment would further integrate North Korean missile capabilities into Russia’s war effort and broaden the conflict’s international military dimension.
Turkish Airlines and LATAM Airlines absorbed fuel-cost increases of roughly 93% or more in the second quarter, with Turkish slipping to an operating loss despite stronger cargo revenue. El Al, meanwhile, doubled quarterly profit and purchased two leased 787-9s as conflict-related capacity constraints strengthened its position.
Israel’s flag carrier El Al remained profitable at the half-year mark after a sharp second-quarter recovery. Reduced military operations in early April helped the airline offset a loss-making first quarter, with net profit doubling to $132 million for the three months ended June 30.
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