March 18, 2019

Alitalia rescue in jeopardy as easyJet pulls out of negotiations

Having previously been involved in discussions with Italian state rail operator Ferrovie dello Stata, and U.S. carrier Delta Air Lines with a view to creating a consortium ‘rebranding’ of the stricken flag-carrying Italian airline, easyJet announced Monday, March 18, that it is no longer involved in any of the negotiations. Ferrovie dello Strato was conducting […]

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AAR Mobility Systems receives US$10.8 million order to produce 463L cargo pallets

Military & Defense

AAR has been awarded a US$10.8 million order from the U.S. Air Force for the production of 463L cargo pallets. The cargo pallets will be manufactured at AAR’s Mobility Systems business unit in Cadillac, Michigan. The 463L USAF design uses a lightweight balsa wood core that continues to provide unparalleled strength-to-weight performance and reliability. The

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OneWeb secures US$1.25 billion in new funding after successful launch

Financial

OneWeb, a global communications company with a mission to bring connectivity to everyone, everywhere, has secured its largest fundraising round to date with the successful raise of US$1.25 billion in new capital. This brings the total funds raised to US$3.4 billion. This round was led by SoftBank Group Corp., Grupo Salinas, Qualcomm Technologies Inc., and

OneWeb secures US$1.25 billion in new funding after successful launch Read More »

TUI Group sells French scheduled carrier Corsair

Financial

TUI Group has sold a majority stake in its French airline Corsair to German investor INTRO Aviation. INTRO will acquire a 53% stake in Corsair as a first step. Under the agreement, TUI Group will initially retain a minority stake of 27%, while Corsair’s Employee Benefit Trust will retain a 20% stake. The financial details

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Breaking ground on new US$1.5 billion terminal at Kansas City International Airport

Airports

Officials at theKansas City International Airport (MCI), with partner Edgemoor Infrastructure & Real Estate, will break ground on a new US$1.5 billion single terminal on March 25. The project will transform and modernize the current three-terminal layout, which has remained largely unchanged since it opened in 1972, despite nearly tripling its passenger traffic. It is

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British Airways unveils new Business Class ‘Club Suite’

Airlines & Routes

British Airways has unveiled its new business class seat – ‘Club Suite’ – and confirmed it will arrive on the first of its A350 aircraft in July. The airline’s sophisticated and newly-branded ‘Club Suite’ offers direct-aisle access, a suite door for greater privacy and luxurious flat-bed seats in a 1-2-1 configuration. Boasting 40% more storage,

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AAR awarded new additional Worldwide Aviation Support Services site

Uncategorized

AAR has received notification from the Department of State awarding the company a new site under the Worldwide Aviation Support Services (WASS) program. Under the task order, the new site in Costa Rica will provide host nation aviation training. “The WASS program continues to perform very well, and we are excited to expand our support

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Nick Weston appointed as new Chairman of BACA, The Air Charter Association

People

At the 467th meeting of The Association on March 14, 2019, Nick Weston, CEO of Weston Aviation, was appointed as Chairman of BACA – The Air Charter Association. Weston succeeds Richard Mumford who has held the role since 2016, and formally began his new position immediately. At the Spring lunch on April 3, the formal

Nick Weston appointed as new Chairman of BACA, The Air Charter Association Read More »

Flughafen Zürich wins concessions for two more Brazilian airports

Financial, Top Stories

The concessions for the operating of Brazil’s Vitória and Macaé airports has been won by Flughafen Zürich AG through a successful public tender. Handling more than 3.8 million passengers in 2018, the two airports will be added to Flughafen Zürich AG’s existing South American portfolio of four Brazilian airports, alongside two in Chile. Currently the

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Willis Lease Finance reports pre-tax profit of US$56.3 million

Financial

Willis Lease Finance has reported a record annual pre-tax profit of US$56.3 million, from US$36.0 million in 2017, including total revenues of US$348.3 million. The Company’s 2018 pretax results were driven by continued revenue growth in the core leasing business and an increase in spare parts and equipment sales. Aggregate lease rent and maintenance reserve

Willis Lease Finance reports pre-tax profit of US$56.3 million Read More »

Alitalia rescue in jeopardy as easyJet pulls out of negotiations

AAR Mobility Systems receives US$10.8 million order to produce 463L cargo pallets

OneWeb secures US$1.25 billion in new funding after successful launch

TUI Group sells French scheduled carrier Corsair

Breaking ground on new US$1.5 billion terminal at Kansas City International Airport

British Airways unveils new Business Class ‘Club Suite’

AAR awarded new additional Worldwide Aviation Support Services site

Nick Weston appointed as new Chairman of BACA, The Air Charter Association

Flughafen Zürich wins concessions for two more Brazilian airports

Willis Lease Finance reports pre-tax profit of US$56.3 million

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18 March 2019

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