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MTU Aero Engines Holding AG successfully places bond

MTU Aero Engines Holding AG has successfully placed a €250m bond on the capital market. It has a five-year term, expiring 2017, and a coupon of 3.0 %. The proceeds of the new issue will be used for general business purposes. The bonds were purchased by institutional investors and retail intermediaries from Germany and abroad, and the issue was heavily oversubscribed. Moody’s and Fitch rated the bond investment grade Baa3 and BBB- respectively. Deutsche Bank and UniCredit acted as joint leads and bookrunning managers for the bond issue.

Lufthansa to acquire 41% stake in Italy’s ITA Airways

Friday May 26, 2023

Deutsche Lufthansa AG will acquire a minority stake in ITA Airways

Deutsche Lufthansa AG (Lufthansa) has agreed with the Italian Ministry of Economy (Ministero dell’Economia e delle Finanze, MEF) to acquire a 41% stake in ITA Airways through a capital increase of €325 million (£283 million). As part of the agreement, the... Read More »

Ministry of Defence of Malaysia signs contract with Leonardo for two ATR 72MPA

Friday May 26, 2023

The Ministry of Defence of Malaysia has signed a contract with Leonardo to supply two ATR 72 MPA (Maritime Patrol Aircraft) platforms. A signing ceremony took place at LIMA 2023, a key maritime and defence exhibition in the Asia-Pacific region held in Langkawi... Read More »

SkyWest Airlines to use GE’s 360 Foam Wash system

Friday May 26, 2023

GE’s 360 Foam Wash is an alternative to water wash for engine maintenance

SkyWest Airlines, a subsidiary of SkyWest, has been awarded a technical license from GE to use its 360 Foam Wash system on its CF34 aircraft engines, making SkyWest the first North American operator to license the patented engine cleaning system. Estimates are... Read More »

Spirit AeroSystems finalises MRO services contract with MAB Engineering

Friday May 26, 2023

Signing ceremony of the MRO services agreement between MAB Engineering and Spirit AeroSystems

Spirit AeroSystems (Spirit) has finalised a partnership agreement with MAB Engineering Services (MAB Engineering) to provide MRO services for nacelle and flight control surfaces to Malaysia Airlines and other operators at Kuala Lumpur International Airport, Se... Read More »

Geoff Shearer becomes AJW Group's representative for Australasia

Friday May 26, 2023

AJW Group appoints Geoff Shearer as representative for Australasia region

Geoff Shearer is to become AJW Group‘s new representative for the Australasia region. In this role, Shearer will be responsible for nurturing relationships with key customers, maximising opportunities arising from the Group’s presence in the region... Read More »

Brazil and Costa Rica join International Transport Forum (ITF)

Friday May 26, 2023

Brazil and Costa Rica have joined the International Transport Forum (ITF) as the organisation’s 65th and 66th member countries. The ITF’s highest statutory body, the Council of Ministers of Transport, voted to admit both Latin American nations on May 24, 2... Read More »

France activates ban on short-haul flights to cut CO2 emissions

Thursday May 25, 2023

Effective May 23, France has activated a ban on all short-haul flights to destinations where there is an existing train connection that can be reached within two-and-a-half hours. However, the train service has to offer the same degree of flexibility as a flig... Read More »

Glasgow Airport to test feasibility of hydrogen production, storage and distribution hub

Thursday May 25, 2023

A consortium led by Glasgow Airport and net-zero consulting co-developer Ikigai, has successfully secured funding from the Scottish Government to test the feasibility of a hydrogen production, storage and distribution hub that would support zero-emission fligh... Read More »

Air Corporate of Italy orders 43 Airbus helicopters

Thursday May 25, 2023

Air Corporate, the Italian business aviation operator, has placed a firm order for 43 helicopters from Airbus on the concluding day of EBACE 2023. The helicopters include 40 single-engine helicopters (H125/H130) plus three ACH160s from Airbus Corporate Helicop... Read More »

ASL Group inks agreement for delivery of six Lilium pioneer edition jets

Thursday May 25, 2023

ASL Group and Lilium have signed an agreement for the delivery of six Lilium jets

Benelux-based business jet operator ASL Group and Lilium, developer of an all-electric vertical take-off and landing (eVTOL) jet, have inked an agreement for the delivery of six Lilium pioneer edition jets. The agreement, which includes deposit payments to Lil... Read More »

SKS Airways signs deal for ten Embraer E195-E2s

Thursday May 25, 2023

Signing ceremony between Embraer and SKS Airways at LIMA'23

SKS Airways has signed a deal with Embraer for the purchase of ten E195-E2 jets. The deal was announced at a signing ceremony at the Langkawi International Maritime & Aerospace Exhibition (LIMA’23). Furthermore, the two companies signed a service agreeme... Read More »

Jenny Critchley joins IAG Cargo Executive Team

Thursday May 25, 2023

Jenny Critchley joins IAG Cargo as Chief Transformation Officer

Jenny Critchley joins the IAG Cargo Executive Team as Chief Transformation Officer. IAG Cargo, is the cargo division of International Airlines Group (IAG). Critchley takes over from David Rose, who was recently appointed to a new role on the IAG Cargo Executiv... Read More »

LHT reveals design for government cabin in ACJ TwoTwenty

Wednesday May 24, 2023

Lufthansa Technik AG (Lufthansa Technik) has revealed fist glimpses of its design for a government cabin for the smallest Airbus Corporate Jet (ACJ) type, the TwoTwenty. The new cabin will target both governments as well as military operators and MedEvac organ... Read More »

SKY2SHARE pre-orders 15 Cassio electric-hybrid aircraft from VoltAero

Wednesday May 24, 2023

SKY2SHARE, a Swiss-based aviation company that offers fractional ownership and is focused on radically decreasing the CO2 footprint of its operations, has pre-ordered 15 of VoltAero‘s Cassio electric-hybrid airplanes. This commitment begins with the... Read More »

Lufthansa signs contract for four additional Airbus A350-900 aircraft

Wednesday May 24, 2023

Lufthansa has signed a contract for the purchase of four additional ultra-modern Airbus A350-900 long-haul aircraft. The aircraft will be acquired from Deucalion Aviation Limited and delivered to the Group this year. Lufthansa currently operates 21 Airbus A350... Read More »

British Airways starts roll out of brand-new uniforms

Wednesday May 24, 2023

British Airways has started the roll out of its brand-new uniform, with more than 5,000 colleagues working in the airline’s engineering, maintenance and airport operations teams across the world wearing the new garments from May 23. The uniform, design... Read More »

J&C Aero modernises cabin interiors for SkyUp Airlines' 737 fleet

Wednesday May 24, 2023

J&C Aero, an international aviation centre for innovation in cabin transformation and CAMO, has completed a complex cabin interior modernisation project for Ukrainian charter air carrier SkyUp Airlines. The works covered the airline’s twelve Boeing 737 N... Read More »

Fokker Services Group inaugurates new wide-body hangar

Wednesday May 24, 2023

Fokker Services Group (FSG), an independent leader in aerospace services, has announced the inauguration of its new wide-body hangar in Hoogerheide, The Netherlands, honouring its commitment to customers, suppliers, employees and the local community. Boasting ... Read More »

AerCap signs lease agreements with new customer ASKY Airlines

Wednesday May 24, 2023

ASKY Airlines has signed lease agreements for two used Boeing 737-8 MAX aircraft

AerCap Holdings has signed lease agreements for two used Boeing 737-8 MAX aircraft with ASKY Airlines, the Pan-African carrier, headquartered in Togo. The aircraft are scheduled to deliver June through August 2023. In attendance at the announcement ceremony we... Read More »

Jet Aviation starting to use bio-based resin for first time in VVIP components

Tuesday May 23, 2023

Jet Aviation, an offshoot of General Dynamics, has announced that its Basel, Switzerland facility is to start using bio-based resin for composite parts in its VVIP cabin interiors. The company currently has two completion projects it is working on, and these p... Read More »