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AerCap reports financial results for full year 2017

AerCap has posted fourth quarter 2017 net income of US$266.3m compared to US$364.7m for the same period in 2016. The decrease in net income was primarily due to the fact that during the fourth quarter of 2016, AerCap recognized income from lease terminations and a gain related to the repayment of a note receivable earlier than expected. Full year 2017 net income was US$1,076.2m compared to US$1,046.6m for 2016.
AerCap executed 402 aircraft transactions in 2017, including 119 widebody transactions and ordered 30 Boeing 787 aircraft and 50 Airbus A320neo Family aircraft. AerCap’s Board of Directors approved a new share repurchase program authorizing total repurchases of up to US$200m of AerCap ordinary shares through June 30, 2018.

SMBC Aviation Capital receives US$710 million insurance settlement

Tuesday October 3, 2023
SMBC Aviation Capital
SMBC Aviation Capital has announced the successful settlement of insurance claims, resulting in the receipt of approximately US$710 million. This settlement pertains to its aircraft that were previously leased to Aeroflot. The funds represent the resolution of... Read More »

IAI redelivers converted Boeing 767-300ER to Challenge Airlines

Tuesday October 3, 2023
The first B767-300ER has been redelivered to Challenge Airlines
Israel Aerospace Industries (IAI) has delivered a Boeing 767-300ER to Challenge Airlines MT after completing conversion of the aircraft from a passenger-to-cargo configuration, at IAI’s conversion site facility in Belgrade. The aircraft is the first of four ... Read More »

Nicolai Hertz takes on role as CCO of TP Aerospace

Tuesday October 3, 2023
Nicolai Hertz
TP Aerospace has announced that Nicolai Hertz has taken on the role of Chief Commercial Officer (CCO) of TP Aerospace as of October 2, 2023. Hertz brings almost 30 years of experience from the aviation industry from Satair, SAS Component Group and ST Aerospace... Read More »

AerFin bolsters A320 inventory

Tuesday October 3, 2023
AerFin has acquired three A320ceo aircraft to bolster its inventory
AerFin has bolstered its A320 inventory with the acquisition of three Airbus A320ceo aircraft from Wings Capital Partners. All three aircraft are of manufacturer serial Number (MSN) 5000 and above, making them attractive airframes to be parted out worldwide of... Read More »

LATAM expands Airbus aircraft order to add 13 additional A321neos

Tuesday October 3, 2023
LATAM has taken delivery of its first A321neo aircraft
LATAM Airlines has taken delivery of its first A321neo leased from AerCap and placed an order for 13 additional A321neo aircraft to further expand its route network and drive its regional growth. This is the first delivery of a committed backlog of 76 A321neo ... Read More »

SkySelect partners with Ambry Hill Technologies

Tuesday October 3, 2023
SkySelect has partnered with Ambry Hill Technologies, the creator of business management software solutions
SkySelect has partnered with Ambry Hill Technologies, the creator of business management software solutions that are purpose-built for the aviation aftermarket, to provide suppliers with new opportunities to be more efficient and additional capabilities to max... Read More »

GKN Aerospace secures contract to enhance RM12 engine for JAS 39 Gripen fighter aircraft

Tuesday October 3, 2023
Gripen take-off
GKN Aerospace has been awarded a contract by the Swedish Defence Materiel Administration (FMV) to enhance and upgrade the RM12 engine, which powers the renowned Swedish fighter aircraft, the JAS 39 Gripen C/D. This engine enhancement project will be carried ou... Read More »

Spirit AeroSystems appoints Patrick M. Shanahan interim President and CEO

Tuesday October 3, 2023
Patrick M. Shanahan
Spirit AeroSystems has released that Patrick M. Shanahan, a member of the company’s Board of Directors, has been appointed interim President and Chief Executive Officer (CEO), effective immediately. Shanahan succeeds Thomas C. Gentile III as President an... Read More »

Schiphol Airport implements flight reductions and private jet restrictions from March 31, 2024

Monday October 2, 2023
Schiphol Airport's declaration heralds a reduction in both private jet operations and the total number of permitted flights
As of March 31, 2024, Schiphol Airport will undergo significant changes, as outlined in its official capacity declaration for the 2024 summer season. This declaration heralds a reduction in both private jet operations and the total number of permitted flights,... Read More »

Madrid will host Ryanair's new pilot and cabin crew training centre

Monday October 2, 2023
Ryanair has chosen Madrid as its pilot and cabin crew training centre
Ryanair has chosen Madrid as the site of its new €100 million pilot and cabin crew training centre, the largest aviation training centre in southern Europe. With Ryanair’s new training centre, which will train up to 250 aviation professionals a day, Ry... Read More »

Royal Danish Air Force welcomes first four F-35 jets

Monday October 2, 2023
The Danish Air Force has taken delivery of its first four F-35A Lightning II
The Danish Air Force has welcomed the in-country arrival of its first four permanently based F-35A Lightning II aircraft at Skrydstrup Air Base, Denmark. “Arrival of the first F-35 combat aircraft in Denmark is a historic event for th... Read More »

Shell Aviation to supply SAF for Emirates' Dubai hub

Monday October 2, 2023
Shell Aviation will supply 300,000 gallons of SAF for Embraer's hub in Dubai
Shell Aviation and Emirates have signed an agreement for the supply of over 300,000 gallons of blended sustainable aviation fuel (SAF) for use at the airline’s international hub in Dubai (DXB). The first SAF delivery under the agreement is expected to comme... Read More »

NAA's Cargo Building No. 8 set to open in 2024, boosting ANA's logistics efficiency

Monday October 2, 2023
Rendering of Cargo Building No. 8
Narita International Airport (NAA) has unveiled plans to construct Cargo Building No. 8, a pivotal addition to Narita International’s Airport’s Cargo Terminal Area. Scheduled to commence operations in October 2024, this new facility just outside To... Read More »

Cathay Group signs order for 32 A320neo-family aircraft

Monday October 2, 2023
Image of A321neo in HK Express livery
Hong Kong’s Cathay Group has announced the purchase of an additional 32 Airbus A320neo-family aircraft as it continues to invest in expanding and modernising its fleet. The agreement doubles the Cathay Group’s total orders for the A320neo family to 64, of ... Read More »

Safran to design landing gear system for Bell's tiltrotor aircraft

Monday October 2, 2023
Safran to develop the landing gear system for Bell’s tiltrotor aircraft
Safran Landing Systems is to become a key participant in Bell‘s tiltrotor aircraft programme, a crucial component of the U.S. Army’s Future Long-Range Assault Aircraft (FLRAA) project. Under the terms of the contract, Safran Landing Systems will ta... Read More »

Portuguese government looks to sell off TAP as it becomes profitable

Friday September 29, 2023
Portuguese carrier TAP is being put up for sale by the government
Portugal’s flag-carrying airline, TAP Air Portugal (TAP), has now become profitable and, as a consequence, is being put up for sale by the government. The move comes after the stricken carrier was granted a €3.2 billion bailout in the form of a taxpayer-fu... Read More »

IBA predicts airlines to achieve an average margin of 9% by 2025

Friday September 29, 2023
Aviation market intelligence and consultancy company IBA forecasts improving airline profits by 2025
IBA, the aviation market intelligence and consultancy company, forecasts improving airline profits with a global average EBIT (Earnings Before Interest and Tax) margin of 9% in the 2025 financial year, compared to just 2% in 2022 and 7% in 2019 prior to the CO... Read More »

LHT to maintain PAL's CFM56-5B engines

Friday September 29, 2023
Lufthansa Technik will maintain the CFM56-5B engines of PAL's fleet of A320ceo aircraft
The Philippines’ flag carrier PAL and leading MRO provider Lufthansa Technik (LHT) have recently signed a three-year contract regarding the maintenance of eight CFM56-5B engines of the airline’s A320ceo fleet, effective in 2024. In addition to the existing... Read More »

Satair appoints Richard Stoddart Chief Executive Officer

Friday September 29, 2023
Richard Stoddart becomes Satair's new CEO and Head of Airbus Material Services
Satair, an Airbus Services company, has appointed Richard Stoddart as its new Chief Executive Officer and Head of Airbus Material Services, effective October 1 2023. Stoddart joins Satair with a wealth of experience from the Airbus Defence and Space and Commer... Read More »

New regional airline flyvbird progresses with ‘flyvAI’ prototype

Friday September 29, 2023
Flyvbird’s first aircraft will be the nine-seat Tecnam P2012 Traveller
flyvbird, Europe’s new low-cost, on-demand regional airline model, has confirmed the creation of its flyvAI prototype, featuring proprietary algorithm and software architecture. It has been developed in collaboration with customised software development ... Read More »
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