January 7, 2020

American Airlines agrees partial settlement with Boeing over 737 MAX grounding

As a result of a US$540 million shave off its pretax income since the grounding of the Boeing 737 Max in March 2019, American Airlines (American) has reached an undisclosed settlement figure with Boeing Co. to cover the carrier’s losses as a consequence. The figure is not a complete settlement and does not include any […]

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JetBlue and Spirit Airlines have terminated their merger plans

JetBlue prepares business for new climate reality

Airlines & Routes

JetBlue will offset carbon dioxide emissions (CO2) from jet fuel for all domestic JetBlue flights beginning in July 2020, making it the first major U.S. airline to take this critical and measurable step toward reducing its contribution to global warming. JetBlue also announced plans to start flying with sustainable aviation fuel in mid-2020 on flights

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Alaska Air Group CFO Brandon Pedersen to retire

People

Alaska Air Group has reported that Brandon Pedersen, Chief Financial Officer since 2010, plans to retire on March 2. Shane Tackett, currently Alaska’s executive vice president of planning and strategy will succeed Pedersen, focusing on execution of the company’s business model for continued long-term growth and value for guests, employees, owners and communities. After serving

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SAS entrusts whole new A320neo fleet base maintenance services to Magnetic MRO

MRO & Production

Magnetic MRO, a Total Technical Care and asset management organization, and SAS Scandinavian Airlines have extended their base maintenance agreement for base maintenance services for the carriers whole A320neo fleet. The original contract between the two companies was signed in December 2017 and recently was been prolonged until 2023, consisting of maintenance visits of 56

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Patrick Hannigan to take the helm at CDB Aviation

People

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co. (CDB Leasing), has released that aviation industry veteran Patrick Hannigan has been named the company’s new Chief Executive Officer, taking the helm at a pivotal time in the lessor’s robust development, with the goal of furthering its growth momentum. Hannigan, who

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Shell Aviation and World Energy initiate supply of sustainable aviation fuel with Lufthansa Group at San Francisco Airport

Airlines & Routes

Shell Aviation and World Energy have announced a collaboration to develop a scalable supply of sustainable aviation fuel (SAF). The agreement is intended to be a multi-year collaboration, with both companies acknowledging that the path to lower carbon emissions in aviation requires long-term commitment and collaboration. As part of the collaboration, Shell Aviation and World

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EDM completes B777 CEET project with All Nippon Airways

MRO & Production

EDM, a leading global provider of training simulators to the civil aviation and defense sectors, has announced that its team successfully completed a project with All Nippon Airways (ANA), having installed its high-fidelity B777 Cabin Emergency Evacuation Trainer (CEET) at ANA’s new state-of-the-art training center called ANA Blue Base. Following the news that EDM has

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Finnair’s overall traffic up 13.5% in December

Traffic

In December 2019, Finnair experienced strong demand and carried 1,154,000 passengers, 11.7% more than in the corresponding period of 2018. The overall capacity increased in December by 12.3%. Finnair’s traffic increased by 13.5%, and the passenger load factor increased year-on-year by 0.8% points to 77.2%.

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BOC Aviation orders 20 Airbus A320neo aircraft

Aircraft & Engines

BOC Aviation has ordered 20 new Airbus A320neo aircraft. A minimum of ten and up to 12 of these A320neo aircraft have been committed for lease to Avianca S.A. (Avianca) based in Bogota, Colombia. “We are delighted to establish a relationship with BOC Aviation, who are one of the world’s foremost lessors, and we sincerely

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Dumont Aviation Group completes Falcon 2000 purchase program