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Willis Lease Finance total assets surpass $1.0 billion

Willis Lease Finance Corporation reported its total assets surpassed $1 billion as continued growth in the lease portfolio and high utilization of lease assets contributed to a 7% increase in total revenue. Aided by a tax adjustment of $1.8 million related to a change in California state tax law in the quarter that reduces the company

CFM International and ST Engineering sign CFM-branded business partnership

March 22, 2023

CFM International and ST Engineering’s Commercial Aerospace business have signed a CFM-branded service agreement (CBSA) for LEAP-1A and LEAP-1B engines. Under the terms of the CBSA, ST Engineering will provide the full scope of LEAP maintenance, repair & overhaul (MRO) services for operators worldwide. ST Engineering is the first provider in Asia to join the

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Stratos delivers one Boeing 737-800 to Transavia France

March 22, 2023

Stratos, a leading aircraft investment specialist and asset manager, has delivered one Boeing 737-800 on long-term operating lease to Transavia France. The delivery forms part of Transavia France’s fleet expansion, which will see the Air France–KLM subsidiary grow its fleet to 71 aircraft. The aircraft (MSN 37253), which forms part of a portfolio managed on

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AAR acquires Trax to accelerate digital solutions strategy

March 21, 2023

Chicago-headquartered AAR CORP. (AAR) has announced its acquisition of Trax Corp. (trax), a leading independent provider of aircraft MRO and fleet management software to accelerate its digital solutions strategy. AAR is a global aerospace and defence aftermarket solutions company with operations in over 20 countries. It supports commercial and government customers through two operating segments:

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Panasonic Avionics enhances software development capabilities in Pune, India

March 21, 2023

Panasonic Avionics, a leading supplier of in-flight entertainment and connectivity systems (IFEC), continues to enhance its global software development capabilities in Pune, India. Panasonic Avionics’ operation in Pune is the latest Panasonic investment in India. Panasonic entered the Indian market in 1972 and since then the company has grown from strength to strength and now

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WestJet Cargo receives certification from Transport Canada for 737-800 Boeing Converted Freighters

March 21, 2023

WestJet Cargo has received Transport Canada’s approval and official certification of its four 737-800 Boeing Converted Freighters (BCF). Following certification, WestJet Cargo and the GTA Group will expeditiously implement three freighters into service, as dedicated aircraft that will fulfil the large-scale needs of businesses, freight forwarders, shippers and individual customers across North America. The fourth

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Swissport secures major contract with Sky Airline in Chile

March 21, 2023

Swissport International, a leading provider of airport ground services and cargo handling, has secured a major contract with Sky Airline, the first low-cost carrier in the Chilean market. Starting from April 2023, Swissport will provide ground services and cargo handling at all 15 airports Sky flies to in Chile. The portfolio includes serving passengers at

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Turkish Technic posts strong financial results for 2022

March 21, 2023

Turkish Technic has posted its financial results for 2022, which marked successful growth and solid strategic acceleration. The company recorded a 37% growth compared to the previous year with US$1,42 billion in revenue and US$119 million in operational profit and increased its market share to 1.9%, reaching the highest growth rate and revenue in the

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HKIA selects SITA to provide carbon management platform

March 21, 2023

Hong Kong International Airport (HKIA) has selected SITA to provide a carbon management platform to monitor data on carbon emissions across the airport environment, helping to track key performance indicators as the airport progresses towards its net zero carbon goal. SITA’s carbon management platform, to be fully deployed by summer 2023, will collect and aggregate

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ASI and Etihad Engineering collaborate to expand aircraft maintenance facility

March 21, 2023

ASI (Aircraft Support Industries), a leading provider of aviation infrastructure solutions, has announced its collaboration with Etihad Engineering to expand the capacity of its aircraft maintenance facility in Abu Dhabi. Etihad Engineering, one of the largest commercial aircraft MRO services providers and the expansion project in partnership with ASI, aims to cater to the increasing

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ASQS further grows presence in Canada with Central Mountain Air partnership

March 21, 2023

ASQS, a global leader in aviation safety and quality management software, announced its collaboration with Western Canadian Central Mountain Air (CMA), further growing its presence in the Canadian aviation industry. Central Mountain Air, based in Smithers, British Columbia with further bases at Vancouver International Airport and Calgary International Airport, is a privately owned and operated

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Investor group led by Apollo completes acquisition of Atlas Air Worldwide

March 20, 2023

Atlas Air Worldwide (Atlas) a leading global provider of outsourced aircraft and aviation operating services, has released that the investor group led by funds managed by affiliates of Apollo, together with investment affiliates of J.F. Lehman & Company and Hill City Capital, has completed its previously announced acquisition of the company. The company will continue

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Afroport Mauritanie and IATA sign agreement on ground handling safety

March 20, 2023

The International Air Transport Association (IATA) and Afroport Mauritanie have signed an agreement to enhance the safety of ground operations in Mauritania with a focus on two critical global standards: IATA Ground Operations Manual (IGOM) and the IATA Safety Audit for Ground Operations (ISAGO). The agreement was signed by Kamil Alawadhi, IATA’s Regional Vice President,

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Recaro Business Class seats take flight on Iberia’s A350 cabin

March 20, 2023

The Recaro Aircraft Seating (Recaro) CL6720 Business Class seat with doors took flight in Iberia’s A350 cabin on the route from Madrid to Buenos Aires in January. A total of 31 CL6720 seats are outfitted in the A350 business-class cabin. The Premium-Economy and Economy cabins are also fully equipped with the Recaro PL3530 and the

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