AviTrader sponsorship ad

Norwegian offers main shareholders to purchase additional shares

On March 20, Norwegian has announced a contemplated private placement of shares with gross proceeds of up to NOK 1,300 million by issuing new ordinary shares in the Company.

Additional capital will boost competitiveness and protect existing and future investments in a market characterized by higher oil prices and fluctuating currencies.

The company is now positioning itself for the final stages of a strong growth period that has lasted for several years and will reach its peak by the second quarter of 2018.

Share this Article

Horizon Aircraft’s Cavorite X7: a new frontier in military aviation

Wednesday October 9, 2024

Cavorite X7 aircraft © New Horizon Aircraft

Horizon Aircraft, a hybrid eVTOL aircraft developer operating under the name New Horizon Aircraft, believes that the fan-in-wing technology employed in its Cavorite X7 is ideally suited for military aviation operations that demand operational flexibility, redu... Read More »

Orlando Airports suspend commercial operations due to hurricane Milton

Wednesday October 9, 2024

The Greater Orlando Aviation Authority (GOAA) will suspend commercial passenger operations at Orlando International Airport (MCO) from 8 a.m. on Wednesday, October 9th, and at Orlando Executive Airport (ORL) from 10 p.m. on Tuesday, October 8th, as Hurricane M... Read More »

Qantas fined AU$100 million for misleading customers

Wednesday October 9, 2024

Qantas has been ordered by the Federal Court to pay AU$100 million in penalties for misleading consumers. The penalties relate to the airline offering and selling tickets for flights it had already decided to cancel, as well as failing to promptly inform exist... Read More »

TARMAC Aerosave inaugurates seventh hangar

Wednesday October 9, 2024

The hangar's innovative design - built with a steel and aluminum frame, and insulated using advanced rock wool panels - makes it fully dismantlable and reusable

On October 8, 2024, TARMAC Aerosave inaugurated its seventh maintenance hangar, the fourth at its Teruel site in Spain. Constructed in a record time of just nine months, the new facility is now the largest metal-textile hangar in the world. TARMAC Aerosave inv... Read More »

France announces development of new stealth combat drone

Wednesday October 9, 2024

Sébastien Lecornu, French Minister of the Armed Forces and Veterans Affairs, has announced the launch of the development of an unmanned combat aerial vehicle (UCAV) that will complement the future Rafale F5 standard after 2030. The announcement was made durin... Read More »

H.I.G. Capital makes major investment in STS

Wednesday October 9, 2024

STS Aviation Group (STS) has announced a significant equity investment from H.I.G. Capital (H.I.G.), a global alternative investment firm. The executive team at STS, led by CEO P.J. Anson, will remain in charge and continue as significant shareholders in the c... Read More »

EFW welcomes first Global Airlines' A380 aircraft for maintenance

Wednesday October 9, 2024

The first A380 aircraft to join the Global Airlines fleet arrived at the Elbe Flugzeugwerke (EFW) facility in Dresden on Friday October 4. The aircraft, registered as 9H-GLOBL, flew from Prestwick in Scotland to Dresden, Germany, where it was handed over to th... Read More »

Jet Parts Engineering acquires Mitchell PMA

Tuesday October 8, 2024

Jet Parts Engineering has acquired Mitchell PMA

Jet Parts Engineering (JPE), a provider of PMA parts, DER repairs and MRO services for commercial aircraft, has announced the acquisition of Mitchell PMA, the PMA division of Mitchell Aircraft. This integration will enhance JPE's ability to meet customer deman... Read More »

Delta approved to use drones for aircraft inspections

Tuesday October 8, 2024

Delta is using drones for visual inspections of its aircraft

The Federal Aviation Administration (FAA) has accepted Delta's application to use camera-equipped, small drones for visual inspections of its aircraft. Earlier this year, Delta TechOps received approval and has been gradually integrating drone inspections into... Read More »

VietJet Air reaffirms order for over 400 LEAP-1B engines during Vietnamese President’s state visit to France

Tuesday October 8, 2024

Signing ceremony at the Élysée Palace in Paris, witnessed by President Tô Lam, French President Emmanuel Macron and high-level delegations from both countries

During the state visit of Vietnamese General Secretary and President Tô Lam to France, VietJet Air has reaffirmed its commitment to an order of more than 400 LEAP-1B engines to power its Boeing 737 MAX fleet, along with additional spare engines. The engines a... Read More »

Italian prosecutors accuse seven of fraud over flawed Boeing parts

Tuesday October 8, 2024

Italian prosecutors have accused seven individuals and two sub-contractors of crimes including fraud and breaching aircraft safety regulations following an investigation into suspected flawed parts produced by an Italian company for Boeing, Reuters reported. T... Read More »

PHI Aviation launches two Airbus H175 helicopters in Australia

Tuesday October 8, 2024

PHI Aviation has officially introduced two Airbus H175 helicopters into service in Australia, supporting offshore energy transportation, search and rescue and medical evacuation operations. With a 75-year history of pioneering achievements, PHI operates bases ... Read More »

PLAY Airlines expands PLAY Connect with easyJet partnership

Tuesday October 8, 2024

PLAY Airlines expands its network with new airline partner easyJet

Iceland's low-cost carrier PLAY Airlines has announced the expansion of its PLAY Connect platform through a new partnership with easyJet, facilitated by Dohop's alternative interlining technology. This collaboration adds over 350 new city pairs to PLAY Connect... Read More »

BizJet International rebrands as Lufthansa Technik Engine Services

Monday October 7, 2024

Michael Scheferhoff, newly appointed President and CEO of Lufthansa Technik Engine Services

BizJet International, an engine maintenance service provider in the United States and a subsidiary of Lufthansa Technik, has officially rebranded as Lufthansa Technik Engine Services (LTES). The rebranding aligns the Tulsa-based company with Lufthansa Technik'... Read More »

BOC Aviation finalises lease agreement with United Airlines

Monday October 7, 2024

United Airlines Boeing 787 © United Airlines

BOC Aviation has announced the completion of a lease agreement with United Airlines (United) for three Boeing 737-9 and one Boeing 787-9 aircraft. The three 737-9s are equipped with CFM LEAP-1B engines, while the 787-9 operates with General Electric GEnx engin... Read More »

Global CO2 emissions per seat show significant decline, reports IBA

Monday October 7, 2024

Aviation market intelligence firm IBA has reported a notable decrease in CO2 emissions per Available Seat Kilometre (ASK) globally compared to pre-pandemic levels. According to the company's latest data, global aircraft efficiency has seen significant improvem... Read More »

Wizz Air opens advanced pilot training centre at Rome Fiumicino Airport

Monday October 7, 2024

Wizz Air has opened a new pilot training centre at Rome Fiumicino Airport

Wizz Air has inaugurated its latest state-of-the-art pilot training centre at Rome Fiumicino Airport in Italy, marking a significant expansion of its training capabilities beyond its initial facility in Budapest. The new centre is set to provide recurrent trai... Read More »

Avolon reports strong Q3 results

Monday October 7, 2024

Aviation finance company Avolon has provided an update on its activities for the third quarter (Q3) of 2024. The company sold 11 aircraft during the period, resulting in 59 aircraft now agreed for sale. Additionally, Avolon delivered nine new aircraft and tran... Read More »

KLM implements strategic overhaul to boost profitability and efficiency

Monday October 7, 2024

KLM Royal Dutch Airlines (KLM) has announced a series of measures aimed at enhancing its operational and financial performance. This comprehensive plan includes increasing productivity, simplifying the organisational structure, reducing costs and deferring non... Read More »

Gogo to acquire Satcom Direct, expanding global in-flight connectivity

Friday October 4, 2024

Gogo Inc. and Satcom Direct have entered into a definitive agreement under which Gogo will acquire Satcom Direct, creating an in-flight connectivity provider capable of meeting the performance and cost requirements of every segment in the global business aviat... Read More »