Ryanair August traffic grows 10%
Ryanair has reported that traffic in August 2017 grew 10% compared to August 2016 and the load factor rose 1.0 point to 97% compared to the previous year.
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5 September 2017
IAG reports August traffic statistics
International Airlines Group traffic in August increased by 1.2% versus August 2016, while Group capacity rose by 0.4% compared to the previous year. Group load factor for August was up 0.6 points to 86.5%.
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STS Aviation Group purchases state-of-the-art aircraft hangar facility in Florida
STS Aviation Group continues its recent expansion by acquiring the assets of AeroMod International to launch a brand new business known as STS Mod Center. STS Mod Center is fully operational and based out of a 114,500 ft², state-of-the-art hangar facility in Melbourne, Florida. The company employs a highly-skilled team of on-site, and mobile, aircraft
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Kroll Bond Rating Agency assigns investment grade issuer rating of BBB+ to Avolon
Avolon, the international aircraft leasing company, has reported that the Kroll Bond Rating Agency (Kroll) has issued an investment grade issuer credit rating on Avolon Holdings Limited of BBB+ with a stable outlook. Kroll has also assigned a senior unsecured debt rating of BBB to Avolon Holdings Limited.
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Virgin Atlantic becomes first airline in Europe to be fully WiFi connected
Virgin Atlantic has become the first airline in Europe to offer WiFi across its entire fleet – ensuring customers can remain connected across flights to and from the US, Caribbean, Africa, Asia and the Middle East. Since September 1, millions of customers travelling with Virgin Atlantic will be able to email, browse and socialise at
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Rolls-Royce sets new aerospace record with UltraFan Power Gearbox
Rolls-Royce has set a new record for the most powerful aerospace gearbox, just months after testing began. Speaking at the International Society for Air Breathing Engines (ISABE) conference in Manchester, UK, Paul Stein, Chief Technology Officer at Rolls-Royce, confirmed that the Power Gearbox had successfully reached 70,000 horsepower while on test at Rolls-Royce’s dedicated facility
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FACC AG signs €500 million Airbus contract
Fischer Advanced Composite Components (FACC), the Austria-based aerospace company has signed a €500 million (US$600 million) contract with Airbus for its new “Airspace“ cabin in the A320 family. FACC will provide the overhead stowage compartments and ceiling panels, continuing the 15-year relationship it has had with the plane manufacturer for the supply of interior fittings.
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Double digit growth for global air freight demand in July
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), increased by 11.4% in July 2017 compared to the same period a year ago. This was the fourth time in five months that double-digit annual growth was recorded. July’s year-on-year increase in demand
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