United Technologies Corp and Raytheon Co will merge to create a new company in what is seen as the largest-ever merger in the aerospace sector. Subject to regulatory approval, the deal should go through by the end of the first half of 2020 and will create a company worth an estimated US$121 billion. It is […]
United Technologies and Raytheon to combine to create defense and aerospace giant Read More »
Only two weeks after another Avianca carrier was forced to suspend operations, Avianca Argentina has obtained governmental approval for a 90-day suspension of all activities while it looks to restructure its business and network model. “With the current aircraft and the competition that exists, it is not viable to continue with the operations,” the CEO
Landing gear manufacturer, Héroux-Devtek, has concluded the acquisition of all the outstanding shares of Montreal-based Alta Precision Inc., a manufacturer of high-precision landing gear components. The transaction, which is subject to final purchase price adjustments, is valued at CA$23 million and was funded through the Corporation’s credit facilities. Héroux-Devtek, with its head office in Longueuil,
Héroux-Devtek acquires Québec-based Alta Précision Read More »
Warrick Hood has joined C&L Aviation Group as Senior VP responsible for the company’s growing ATR program. Hood will oversee ATR parts distribution, aircraft support, consignments, and other programs for regional aircraft operators around the world. Hood brings with him extensive knowledge of aviation purchasing, logistics, business development, inventory management, and accounting procedures from his
Warrick Hood joins C&L Aviation Group Read More »
Locatory.com, an aviation IT company primarily acting as an aircraft parts locator, is continuously looking for opportunities in rapidly growing aviation market and always suggest new solutions for its clients. The company is spreading its services portfolio not just with IT solutions but also with actual physical additions that would improve the work for MROs
Locatory.com launches aircraft engine stands leasing for MROs and airlines Read More »
A total of 3,362,413 passengers chose to fly with Norwegian in May; 59,047 less than the same month previous year. The total traffic increased by 4%, while the capacity growth was 4% compared to May 2018. The load factor was 86.1% down 0.4 points.
Norwegian reports May load factor of 86% Read More »
Boeing’s largest shareholder, the Vanguard Group Inc which currently holds a 7.1% stake in the U.S. plane maker, has made public its concerns over Boeing management’s handling of the grounding of the 737 MAX and that its fund managers have become “very concerned” regarding oversight failures in light of the two recent fatal 737 MAX
Vanguard raises ‘concerns’ with Boeing leaders over 737 Read More »
Hawaiian Airline has posted its system-wide traffic statistics for the month ended May 31, 2019. Hawaiian welcomed more than one million guests in May. Total traffic increased 5.8% on an increase of 4.1% in capacity compared to May 2018. Load factor increased 1.4 points year-over-year to 87.3%.
Hawaiian Airlines reports May traffic statistics Read More »
Independent aviation services provider, Avtrade, has secured 16 new component contracts in the last year. Airlines across 4 continents have taken advantage of their contract support which covers the whole spectrum of extensive service portfolio, including Boeing and Airbus Repair Management, PBH, Leasing and MRO. Avtrade are not only preferred partners of new customers, but
Avtrade secures 16 new component contracts in 2018 Read More »
FedEx has made the strategic decision to not renew the FedEx Express U.S. domestic contract with Amazon.com, as it will focus on serving the broader e-commerce market. This decision does not impact any existing contracts between Amazon.com and other FedEx business units or relating to international services. Amazon.com is not FedEx’s largest customer. The percentage
FedEx to not renew FedEx Express U.S. domestic contract with Amazon.com Read More »
