Lufthansa Cargo achieved an operating profit of €100m last year. This represents a significant increase for the cargo airline when compared with the previous year (€79m). Speaking in Frankfurt, Chairman of the Executive Board and CEO Peter Gerber presented a result for the year that stood out from the competition and was achieved in a […]
Improved profits for Lufthansa Cargo Read More »
On Monday 16th March, in an interview reported in the Financial Times, Ryanair confirmed that its board had approved plans to go ahead with the long-anticipated development of transatlantic flights. It also confirmed that Ryanair was in discussion with manufacturers for new aircraft to launch a service covering a network of somewhere between 12 to
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Nordic Aviation Capital A/S (NAC) has increased the Debt facility it signed in January 2015 to US$400m. The company will use the proceeds to part finance the acquisition of turboprop and regional jet aircraft, which will then be leased to airline partners around the world. The US$400m facility was led by Deutsche Bank as sole
Nordic Aviation Capital A/S increases Debt Facility from US$300m to US$400m Read More »
Avolon, the international aircraft leasing company, delivered its first Boeing 787-9 to Virgin Atlantic. The delivery is the first of four B787-9 aircraft scheduled for delivery to Virgin Atlantic by Avolon.
Avolon delivers first Boeing 787-9 to Virgin Atlantic Read More »
MTU Aero Engines’ materials experts and their partners have jointly developed a new class of unique, intermetallic high-temperature materials for highly stressed engine components: Titanium aluminide (TiAl) is the name of the new lightweight material for turbine blades that combines the advantages of metallic and ceramic materials, offering the best of both worlds. The job
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Airbus has celebrated the delivery of its 9000th aircraft at a ceremony in Hamburg, Germany on 20th March 2015. The aircraft is the first A321 to be delivered to Vietnamese carrier VietJetAir and will join the carrier’s all-Airbus A320 Family fleet flying on its fast-growing Asia-Pacific network. VietJetAir first took to the skies at the end
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EMRISE Corporation, a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, has entered into a stock purchase agreement with an affiliate of Data Device Corporation, to sell all of the issued and outstanding shares of the common stock of the Company’s wholly owned subsidiary, EMRISE Electronics, for a cash purchase price of US$22m, net of debt, transaction and other related
EMRISE Corporation to sell electronic devices business unit to Data Device Corporation Read More »
Rockwell Collins has acquired Pacific Avionics, a Singapore-based company specializing in technologies used for wireless information distribution, including inflight entertainment and connectivity (IFEC). “This acquisition builds on our overall information management strategy by enabling wireless distribution of digital information aboard the aircraft,” said Kelly Ortberg, CEO and President of Rockwell Collins. Pacific Avionics’ powerful wireless cabin intranet
Abu Dhabi Airports reported that passenger traffic at Abu Dhabi International Airport increased by 21.5% in February 2015. A total of 1,715,540 passengers passed through Abu Dhabi International Airport during the month, compared with 1,411,881 in February 2014. There were 12,852 aircraft movements in February 2015, which was a 15% increase over February 2014’s figure of
Abu Dhabi International Airport sees 21.5% increase in traffic for February Read More »
Aergen Management Services made several senior appointments including Heinz Westen as Chief Financial Officer, Michael Barry as Chief Marketing Officer and Tom Kaluza as Senior Vice President. Chief Executive Officer, Robert J. Genise, who previously served as CEO of both DAE Capital (“DAE”) and Boullioun Aviation Services stated “I am delighted to have assembled a
Aergen Management Services makes senior level appointments Read More »
