29 September 2016

airberlin restructure sees focus now on higher-yielding markets

Other News, Top Stories / Leave a Comment

On Wednesday this week, Air Berlin PLC & Co., (airberlin) Germany’s second-largest airline, announced radical changes to the company structure with the intention of delivering long-term growth. Airberlin now intends to focus core operations as a network carrier from its two main hubs, Berlin and Dusseldorf, in Germany. The leisure flight section of the business […]

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Lufthansa signs letter of intent on wet-lease collaboration between Eurowings and airberlin

Aircraft & Engines / Leave a Comment

Deutsche Lufthansa AG and airberlin signed a letter of intent on the wet lease of up to 40 aircraft which will be operated by the airberlin Group for the Lufthansa Group companies Eurowings and Austrian Airlines. The six-year agreement, is to start with the beginning of the 2017 summer schedule on 26 March. It would

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Finnair takes delivery of seventh A350 aircraft and closes sale and leaseback agreement

Aircraft & Engines / Leave a Comment

Finnair has finalised an arrangement, already announced last year as a memorandum of understanding, by which Finnair sells the Airbus A350 aircraft delivered today, to GE Capital Aviation Services Limited (GECAS) and leases back the aircraft for its own operation. The initial lease period is 12 years, and the lease includes extension options. The arrangement

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Lufthansa Supervisory Board approves full acquisition of Brussels Airlines

Financial / Leave a Comment

The Supervisory Board of Deutsche Lufthansa AG approved the exercising of a call option to acquire the remaining 55% of shares in SN Airholding, the parent company of Brussels Airlines. It remains the common objective of Lufthansa and Brussels Airlines to conduct the full acquisition of SN Airholding by Deutsche Lufthansa AG after the final

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SKY Leasing acquires initial seven aircraft

Aircraft & Engines / Leave a Comment

Through two separate secondary market transactions, SKY Aviation Leasing International acquired seven commercial aircraft on lease with five existing customers (airberlin, Gol Linhas Aéreas, Jet Airways, SpiceJet, and Thai Lion Air) and two new customers (Beijing Capital Airlines and China Airlines). Consistent with SKY Leasing’s investment strategy of building a fleet of young mid-life aircraft

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MTU Aero Engines develops new process for manufacturing nickel IBRs

MRO & Production / Leave a Comment

With the PurePower Geared Turbofanâ„¢ engine (GTF), MTU Aero Engines is collaborating with Pratt & Whitney on assembling the aircraft engine of the future. The Pratt & Whitney GTF engine family reduces fuel burn and CO2 emissions by 16% and cuts noise footprint levels by 75 percent. MTU not only contributes innovative turbine and compressor

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IAI's TaxiBot completes certification for the Boeing 737 family

Other News / Leave a Comment

The Boeing 737 NG has been officially certified for TaxiBot dispatch towing. The Supplement Type Certificate (STC) was issued by the European Aviation Safety Agency (EASA) and the Civil Aviation Authority of Israel (CAAI). This milestone completes certification for the Boeing 737 family, thus covering the Boeing 737-600, 737-700,737-800,737-900 and 737-900ER, in addition to prior

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AerData signs agreements with Etihad and its partners for STREAM

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AerData, a Boeing Company, has signed an agreement to provide Etihad Airways, the national airline of the United Arab Emirates, and its equity partner airlines, with AerData’s STREAM software. STREAM (Secure Technical Records for Electronic Asset Management) is a web-based solution used by some of the world’s largest airlines, lessors and MROs to manage aircraft

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Airbus Helicopters delivers first AS565 MBe Panther to the Mexican Navy

Military & Defense / Leave a Comment

The Mexican Navy took delivery of the first of ten AS565 MBe Panther helicopters it purchased in 2014, becoming the first customer in the world to receive the new version of this multi-role, medium-class military rotorcraft. The Navy will receive three other units before the end of the year and the remaining six by early

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SmartSky’s patented spectrum reuse radio technology receives FCC certification

Other News / Leave a Comment

SmartSky Networks’ patented SmartSky 4G radio system completed the major milestone of receiving FCC certification, clearing the way for deployment of the ultra-fast SmartSky 4G air-to-ground network later this year, with nationwide service launching in mid-2017. Haynes Griffin, SmartSky Chairman and CEO, stated, “After investing tens of millions of dollars and over five years of

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