With the effects of the COVID-19 pandemic seeing flight hours of Rolls-Royce engines halved, the British company has advised that it has already burned through £3 billion (US$3.8 billion) and anticipates that a further £1 billion (US$1.3 billion) of outflow will transpire in the second half of the year. For the months of April through […]
Rolls-Royce burns through £3 billion in first half of 2020 Read More »
AerCap has announced its major business transactions during the second quarter of 2020: AirCap has raised funding of US$3 billion, including US$2.5 billion of unsecured bonds during the second-quarter. The company purchased two new aircraft, Airbus A320neo Family aircraft, and executed sale transactions for nine owned aircraft, including three Airbus A320 Family aircraft, five Boeing
AerCap raises US$3 billion of funding in second-quarter 2020 Read More »
Airbus Defence and Space and the Federal Office of Bundeswehr Equipment, Information Technology and In-Service Support (BAAINBw) have signed a renewed service contract agreement for Heron 1 unmanned aerial systems (UAS) in operation in Afghanistan and Mali. In Afghanistan, Heron 1 Services was extended in March 2020, for the period June 2020 / May 2021.
German Bundeswehr renews service contracts for Heron 1 systems in Afghanistan and Mali Read More »
The Supervisory Board of MTU Aero Engines has extended the contract for Chief Program Officer Michael Schreyögg for a further five years until the end of June 2026. The decision was made unanimously by way of written circular resolution. Schreyögg has been a member of the MTU Executive Board since July 2013 and joined the
MTU Aero Engines’ Supervisory Board extends contract for Michael Schreyögg Read More »
After years of continuous traffic growth, the global spread of COVID-19 has caused passenger numbers at Munich Airport to drop substantially: passenger volume fell by around 15 million to just under 7.8 million in the first half of 2020 – a reduction of two thirds compared to the previous year’s level. The number of aircraft movements dropped
Passenger volume at Munich Airport shrinks by two thirds compared with 2019 Read More »
Jet Aviation has launched hullo Aircrew, its new collaborative software platform for flight-crew staffing services, in the United States. Collaboration between the two companies began in 2019 with Jet Aviation’s investment in hullo Aircrew’s technology. The new aircrew staffing platform already has over 3,000 crew registered globally. The hullo Aircrew platform provides a fast and
Jet Aviation launches hullo Aircrew in the United States Read More »
Air Partner Remarketing, a division of global aviation services group Air Partner plc, has acted as the exclusive remarketing agent on behalf of Corsair to sell three B747-400 aircraft plus two spare engines. The aircraft were sold to FTAI Aviation (Fortress Aviation and Investors LLC). The aircraft serial numbers were 26880, 26877 and 26875. These
Air Partner completes sale of three B747-400s for Corsair Read More »
Advanced surface coating technology company, Hardide Coatings has appointed Rob Holmes as VP Aerospace as the company targets strategic growth in the aerospace and defence sectors. Holmes joins from Nasmyth Group where he spent ten years in senior business development positions in the global aerospace industry. Most recently he was Aerospace Development Executive responsible for
New VP Aerospace joins Hardide Coatings Read More »
