Friday November 1, 2024
Siemens has announced its acquisition of Altair Engineering, a leading industrial simulation and analysis software provider, in a deal valued at US$10 billion, paying US$113 per share – a 19% premium over Altair's last trading price. This strategic acquisiti...
Read More »Friday November 1, 2024
Air Canada posted robust results for the third quarter, reporting CA$6.1 billion in operating revenue and a CA$1 billion operating income, despite a 4% drop in revenue from lower passenger numbers. Adjusted EBITDA reached CA$1.5 billion, with adjusted earnings...
Read More »Friday November 1, 2024
GE Aerospace, in partnership with Waygate Technologies (Waygate), a Baker Hughes business, has launched a new AI-assisted borescope solution for commercial aviation engines. This breakthrough tool, soon to be available to Waygate customers and GE's MRO network...
Read More »Friday November 1, 2024
Eve Air Mobility (Eve) has appointed Embraer-CAE Training Services (ECTS) as its exclusive training provider for the new-generation of eVTOL aircraft. ECTS, a joint venture between Embraer and CAE Inc., will oversee training programmes for Eve's eVTOL pilots, ...
Read More »Friday November 1, 2024
SriLankan Airlines, the national airline of Sri Lanka, has joined the Board of Airline Representatives in Germany (BARIG), an influential body advocating for the interests of both national and international airlines operating in Germany. This membership unders...
Read More »Friday November 1, 2024
Turkish Technic has strengthened its long-standing partnership with SunExpress Airlines through the signing of two major service agreements. SunExpress, a joint venture between Turkish Airlines and Lufthansa, will benefit from Turkish Technic's capabilities to...
Read More »Thursday October 31, 2024
The Airbus SE Board of Directors will propose to shareholders at the 2025 annual general meeting to renew Guillaume Faury's role as CEO and Executive Member of the Board. Alongside this, the company has initiated a leadership transition in its Commercial Aircr...
Read More »Thursday October 31, 2024
thyssenkrupp Aerospace and SKF have extended their partnership for two additional years, securing the supply of steel, stainless steel, titanium, aluminium and copper to SKF's facility in Lons-le-Saunier, France. As part of thyssenkrupp Materials Services, a l...
Read More »Thursday October 31, 2024
Falko Regional Aircraft Limited (Falko), the asset manager and lessor dedicated to regional aircraft, has acquired eleven Embraer E-Jet aircraft from Nordic Aviation Capital (NAC) under a sale and purchase agreement signed in March. This acquisition includes a...
Read More »Thursday October 31, 2024
HAECO Group (HAECO) has signed an MoU with Shanghai Aircraft Customer Service Co. (SACSC), a subsidiary of Commercial Aircraft Corporation of China (COMAC), to collaborate on airframe, engine and component services for COMAC's ARJ21 and C919 aircraft. This par...
Read More »Thursday October 31, 2024
Aircraft leasing firm Jackson Square Aviation (JSA) has signed a strategic partnership agreement with Future Energy Global (FEG) to promote sustainable aviation fuel (SAF) in the industry's push towards net-zero CO₂ emissions by 2050. This collaboration will...
Read More »Thursday October 31, 2024
The Moroccan Government has signed a memorandum of understanding (MoU) with Embraer, aiming to initiate joint projects within Morocco's aerospace sector. The agreement spans commercial aviation, defence and urban air mobility, underscoring a shared commitment ...
Read More »Thursday October 31, 2024
Riyadh Air, Saudi Arabia's new premium international airline, has made a landmark purchase agreement for 60 Airbus A321neo aircraft, signed during the Future Investment Initiative (FII) in Riyadh. The signing was attended by notable figures, including Yasir Al...
Read More »Thursday October 31, 2024
Stratos, a top ten aircraft asset manager, has successfully executed three separate transactions involving the sale of four aircraft. The transactions include two A320 aircraft (MSNs 5653 and 5372) sold to Avion Express, one 737-300F (MSN 27459) sold to a Midd...
Read More »Wednesday October 30, 2024
Spanish flag carrier Iberia has officially taken delivery of its first Airbus A321XLR aircraft, marking the airline as the launch operator of this advanced single-aisle jet. This aircraft, equipped with CFM LEAP-1A engines, will enhance Iberia's operations by ...
Read More »Wednesday October 30, 2024
Dubai Aerospace Enterprise (DAE) has released its financial results for the nine months ended September 30, 2024, revealing a 57% increase in profit before tax, which rose to 13% when excluding exceptional items. The company experienced a revenue growth of 3%,...
Read More »Wednesday October 30, 2024
StandardAero has added Icelandic low-cost carrier PLAY airlines (PLAY) to its list of CFM International LEAP engine clients. StandardAero's LEAP MRO facility in San Antonio, Texas, will deliver LEAP-1A performance restoration shop visit (PRSV) services for PLA...
Read More »Wednesday October 30, 2024
The U.S. Government has awarded Sikorsky, a Lockheed Martin company, a Foreign Military Sale contract to supply 35 UH-60M Black Hawk helicopters to Greece. This agreement, intended for the Hellenic Army, includes personnel training, specialised training equipm...
Read More »Wednesday October 30, 2024
Safran Aircraft Engines has unveiled an ambitious investment plan, committing over €1 billion to expand its global MRO network to accommodate the growing demand for LEAP engine services worldwide. Developed by CFM International—a joint venture between Safr...
Read More »Wednesday October 30, 2024
Finnair has completed the first cabin refurbishment in its Embraer fleet as part of a broader initiative to increase passenger comfort on shorter European routes. With a target to renew all 12 Embraer aircraft by spring 2026, the airline plans to complete the ...
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