10 June 2020

France unveils full extent of €15 billion aerospace rescue package

The French government has announced that a total rescue package of €15 billion is in place to protect the country’s aerospace industry. €7.0 billion of this has already been earmarked to support Air France during a time when demand for air travel has fallen by up to 95%, along with an acceleration of orders for […]

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Lufthansa Group

Lufthansa Group airlines expand flight schedules this summer in Canada and around the world

The Lufthansa Group of airlines will be significantly expanding its services in Canada and abroad over the next few months. This applies to both short and long-haul flights. The airline is expanding its flight schedules to offer its customers as many destination choices as possible. In Canada, Lufthansa began offering three weekly, non-stop flights from

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Air Lease Corporation signs lease agreement for one Airbus A320-200 aircraft with HiSky Moldova

Air Lease Corporation (ALC) has placed one used Airbus A320-200 aircraft on long-term lease with HiSky Moldova, scheduled to deliver this July.  This will be the first aircraft in the fleet of the Moldovan start-up airline.  “ALC is pleased to announce this lease placement of our A320-200 with HiSky Moldova.  We have worked closely with

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IATA expects global air transport industry losses to top US$84 billion in 2020

The International Air Transport Association (IATA) has released its financial outlook for the global air transport industry showing that airlines are expected to lose US$84.3 billion in 2020 for a net profit margin of -20.1%. Revenues will fall 50% to US$419 billion from US$838 billion in 2019. In 2021, losses are expected to be cut

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AAR manages logistics of MRO services for BASF Deoxo™ ozone and VOC converters in compliance with new ACMMs

BASF has appointed AAR as a preferred distributor of Maintenance Repair and Overhaul (MRO) services for Deoxo™ aircraft cabin ozone/volatile organic compounds (VOC) converters in compliance with the new abbreviated component maintenance manuals (ACMMs) released earlier this month. As announced earlier this month, BASF has updated its ACMMs for the Deoxo™ portfolio for the Airbus

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Element invests in aerospace capabilities in Montreal

Element Materials Technology (Element) has invested in aerospace testing capabilities at its Montreal, Quebec laboratory. Formerly known as Exova Pointe-Claire, the laboratory was traditionally used for transportation and industrials testing with a focus on rolling stock. Element recognized that the laboratory’s proximity to other key players in the Quebec aerospace industry and converted operations in

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