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FedEx reports third quarter net income of $239 million

Fedex reported revenue of $8.70 billion, up 7% from $8.14 billion a year ago, operating income was up 129% to $416 million, from $182 million last year, operating margin was 4.8%, up from 2.2% the previous year and the net income was up 146% to $239 million from last year

Travelport investors commit US$570 million in new equity financing

Tuesday December 5, 2023
Travelport Worldwide Limited (Travelport), a global technology company that powers travel bookings for hundreds of thousands of travel suppliers worldwide, has released that a group of its existing equity holders and lenders have agreed to invest US$570 millio... Read More »

Kellstrom Aerospace Group appoints John McKirdy as CCO

Tuesday December 5, 2023
John McKirdy
Kellstrom Aerospace Group, a leading provider of aviation life-cycle cost management solutions, has appointed John McKirdy as its Chief Commercial Officer. In his new capacity, McKirdy will leverage his extensive expertise and proven track record in delivering... Read More »

NAC collaborates with ATR and TotalEnergies

Tuesday December 5, 2023
AirSwift ATR 72-600
Nordic Aviation Capital (NAC) collaborates with ATR and TotalEnergies to offer the equivalent of 6% SAF on NAC’s ATR delivery flights. The initiative provides for a blend of 30% SAF to be used for one-out-of-five deliveries of new ATR aircraft to NAC, result... Read More »

Vincent Metz joins SR Technics as VP Business Development Europe

Tuesday December 5, 2023
Vincent Metz
Vincent Metz is joining SR Technics as VP Business Development Europe. In this role, he will leverage his experience in the aviation industry to grow SR Technics’ market share in Europe. With over two decades in aviation, Metz held key roles at Air France KL... Read More »

IBA predicts long-term turbulence in narrow-body engine market

Tuesday December 5, 2023
Pratt & Whitney GTF engine
In its latest webinar on the narrow-body engine market, IBA, a leading aviation market intelligence and consultancy company, predicted that engine market values and lease rates are likely to increase given the current and ongoing supply chain issues and the mo... Read More »

Turkish Airlines and Riyadh Air sign strategic MoU

Tuesday December 5, 2023
Turkish Airlines Chief Investment and Technology Officer Levent Konukcu and Riyadh Air CEO, Tony Douglas at the MoU signing
Turkish Airlines (TK) and Riyadh Air (RX) have agreed a strategic cooperation memorandum of understanding (MoU) to offer a comprehensive range of benefits for guests traveling between the Kingdom, Türkiye and points beyond their Riyadh and Istanbul hubs, as w... Read More »

AVIAN Inventory Management acquires two Embraer ERJ-170s from Azorra

Tuesday December 5, 2023
Avian Inventory Management (AIM)
AVIAN Inventory Management (AIM), a division of AVIAN Component Solutions (ACS),a customised inventory capital solutions and financing services for the aviation industry, has successfully finalised the acquisition of two Embraer ERJ 170-100 LR aircraft from gl... Read More »

Alaska Air Group announces US$1.9 billion acquisition of Hawaiian Airlines

Monday December 4, 2023
“This combination is an exciting next step in our collective journey to provide a better travel experience for our guests and expand options for West Coast and Hawai‘i travellers,” Ben Minicucci, Alaska Airlines CEO
Alaska Air Group has reached an agreement to acquire its rival, Hawaiian Airlines, in a deal valued at US$1.9 billion. This transaction marks the second proposed airline merger in less than two years and sets the stage for a potential regulatory battle. Under ... Read More »

China Airlines partners with GE for services on 747-400F fleet

Monday December 4, 2023
CF6 engine © GE Aerospace
China Airlines has entered into a services agreement with GE Aerospace for its 747-400F fleet, as announced by GE Aerospace. Under this long-term agreement, China Airlines will rely on GE’s OEM solution for high-pressure compressor air foils, with GE man... Read More »

South Korea opts for C-390 Millennium aircraft

Monday December 4, 2023
C-390 Republic of Korea Air Force
South Korea’s Defense Acquisition Program Administration (DAPA) has announced Embraer’s C-390 Millennium as the winner of the Large Transport Aircraft (LTA) II public tender to provide the Republic of Korea Air Force (ROKAF) with new military transport air... Read More »

easyJet collaborates with Collins Aerospace to enhance operations

Monday December 4, 2023
easyJet will become the largest A320 operator to deploy GlobalConnect
Collins Aerospace is working with easyJet to activate GlobalConnectSM connected aircraft services on more than 330 Airbus aircraft in its fleet. easyJet will become the largest A320 operator to deploy GlobalConnect. This new capability enhances safety oversig... Read More »

SITA appoints Stefan Schaffner and Sergiy Nevstruyev to head Airport and Customer Experience teams

Monday December 4, 2023
Sergiy Nevstruyev (l) and Stefan Schaffner (r)
SITA has announced the appointments of Stefan Schaffner as Senior Vice President of SITA AT AIRPORTS and Sergiy Nevstruyev as Senior Vice President of SITA Global Services (SGS). The two bring a wealth of management experience in the travel, transport and mobi... Read More »

Hamburg Airport joins “Hydrogen Hub at Airport” network

Monday December 4, 2023
Christian Kunsch, Managing Director of Hamburg Airport, Nicole Dreyer-Langlet, responsible for research and technology at Airbus in Germany, Michael Eggenschwiler, CEO of Hamburg Airport, Karine Guenan, Head of ZEROe Ecosystem at Airbus sign the cooperation agreement
Hamburg Airport has become the first German and the 12th member of the international “Hydrogen Hub at Airport” network, to promote the further expansion of hydrogen infrastructure in aviation. The network’s membership already includes members fro... Read More »

Binter Technic signs up for AMOSeTL 

Monday December 4, 2023
Binter ATR 72-600 aircraft
Swiss-AS has released that Binter Technic (including Binter), one of its customers, has signed up for AMOSeTL.  As the airline ventures into a paperless future using AMOSeTL, an additional 34 aircraft will join the predominantly ATR-42 and ATR-72 models, ... Read More »

Divesture of LHT off the table, Lufthansa Group keeps sole ownership

Friday December 1, 2023
Lufthansa Technik
In a resolute declaration of its commitment to the future of aviation excellence, the Lufthansa Group has officially announced its decision to maintain sole ownership of Lufthansa Technik (LHT). This decision comes as the aviation industry anticipates a dynami... Read More »

Canada secures Boeing P-8A Poseidon aircraft for multi-mission aircraft project

Friday December 1, 2023
Canada has selected Boeing’s P-8A Poseidon as its multi-mission aircraft
The Government of Canada has inked a Foreign Military Sales letter of offer and acceptance for the procurement of up to 16 Boeing P-8A Poseidon aircraft, marking a significant milestone in the Canadian Multi-Mission Aircraft (CMMA) project. Canada joins a grou... Read More »

SAMI and Embraer ink MoU for defence collaboration

Friday December 1, 2023
Representatives from SAMI and Embraer at the official MoU signing © Embraer
SAMI, the national defence and security leader and a public investment fund (PIF) company, alongside Embraer, has officially signed a memorandum of understanding (MoU) to initiate collaboration in the defence and security sector between Saudi Arabia and Brazil... Read More »

Etihad Airways set to introduce A380-service to New York JFK

Friday December 1, 2023
Etihad Airbus A380 flying over New York
Etihad Airways has announced the commencement of A380 double-decker flights to New York JFK, beginning in April 2024. “The decision to deploy the A380 on the popular New York route aligns with our commitment to meeting customer demand for increased capac... Read More »

Airbus Helicopters launches maiden flight of NH90 Sea Tiger for German Navy

Friday December 1, 2023
The NH90 Sea Tiger for the German Navy on its maiden flight
The first NH90 Sea Tiger embarked on its maiden flight, taking off as scheduled at Airbus Helicopters‘ facility in Donauwörth, Germany. This achievement marks a significant step in fulfilling the German Bundeswehr’s order for 31 NH90 Sea Tiger mul... Read More »

SWISS deploys SITA eWAS across fleet

Friday December 1, 2023
eWAS enables SWISS' pilots to anticipate and avoid adverse weather conditions © SITA
SITA eWAS is now deployed across all Swiss International Air Lines’ (SWISS) fleet to enable its pilots to anticipate and avoid adverse weather conditions, like turbulence. SITA eWAS is the only digital weather awareness application on the market today that a... Read More »
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