June 3, 2020

Final two bidders in race to buy Virgin Australia revealed

Deloitte, who was appointed as administrator when Virgin Australia went into administration at the end of April this year have announced that it has narrowed down five prospective purchasers for the struggling carrier to a final two candidates. Bain Capital and Cyrus Capital Partners, two “well-funded” U.S.-based private equity firms with “deep aviation experience” have […]

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Avia Solutions Group to sell Baltic Ground Services Poland

Financial

Avia Solutions Group has decided to sell Baltic Ground Services Poland, a subsidiary of the Group’s family member, Baltic Ground Services (BGS). With flights being grounded during the pandemic and competition with the Poland’s state-owned service providers being high, Avia Solutions Group believes that the sale of Baltic Ground Service Poland is an optimal solution.

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Qatar Airways to resume services to Venice

Airlines & Routes

Qatar Airways will be resuming services to Venice, Italy starting from July 15, 2020. The popular tourist destination and major arts and cultural centre will become the airline’s third destination in Italy to resume flights, marking a significant step in the resumption of global leisure travel. The national carrier of the State of Qatar will

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IBA highlights resilience of regional jet and turboprop aircraft values but performance variation due to secondary market supply

Aircraft & Engines

Independent aviation consultancy IBA, is optimistic about the resilience of regional jet and turboprop aircraft values, but expects value and lease performance to vary based on secondary market supply for specific models. IBA indicates that the supply of new regional jet and turboprop aircraft over the next one to two years is likely to be

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MNG Jet installs Honeywell JetWave satcom system for first time in Turkey

Information Technology

For the first time in Turkey, Honeywell has supported channel partner MNG Jet in installing Honeywell’s JetWave satellite communications hardware on MNG Jet’s Bombardier Challenger 605. This satellite communications installation enables high-speed cabin Wi-Fi, via Inmarsat’s Jet ConneX service, for a better passenger connectivity experience. Additionally, it provides pilots with a better internet connection to

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Airbus A400M completes full paratrooper simultaneous dispatch certification

Military & Defense

The Airbus A400M new-generation airlifter has successfully achieved certification of the simultaneous paratrooper dispatch capability and completed the full industrial development of the type’s paratrooping deployment capacity, with a maximum dispatch of 116 paratroopers using both side doors (58 + 58). The certification fight test, completed in May 2020 in coordination with the French Armament

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AeroCentury reports first-quarter net loss of US$10.2 million

Uncategorized

AeroCentury, an independent aircraft leasing company, has reported a first-quarter 2020 net loss of US$10.2 million, compared to a net loss of US$1.3 million for the first-quarter of 2019. Results for the quarter ended March 31, 2020 included impairment losses totaling US$6.7 million, arising from revised estimated sales proceeds for three regional jet aircraft and

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More flights to international destinations will take off from Munich Airport again in June

Uncategorized

The number of flights on offer from Munich Airport will be expanded once more over the coming weeks following the drastic reduction due to the coronavirus pandemic. Over the past few months, international air travel in particular had come to a virtual standstill on account of the numerous travel restrictions. Now, many airlines are starting

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Thoma Bravo signs agreement to acquire Exostar