31 July 2020

Shares in GE slump 5% as Covid-19 pandemic ravages aviation industry – hits second-quarter earnings hard

Reporting cash outflow of US$2.1 billion from its industrial operations – well below an anticipated US$3.5 billion – US$4.5 billion, shares in the Boston, U.S.-based conglomerate fell 5%. The aviation unit of the company, which is usually the most profitable, was hardest hit in terms of sales and orders. This unit, which makes engines for […]

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Pratt & Whitney and JetBlue sign long-term service agreement for 230 V2500® engines

JetBlue Airways and Pratt & Whitney have signed a 13-year EngineWise® fixed-price agreement for 230 V2500® engines that power the airline’s A320ceo Family fleet. JetBlue operates a fleet of 193 Airbus A320ceo Family aircraft powered by the V2500 engine. The airline has also ordered 85 GTF-powered Airbus A320neo Family aircraft, of which ten have already

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IBA appoints Phil Talbot as Chief Technology Officer

IBA has appointed Phil Talbot as Chief Technology Officer (CTO).  Talbot has over 20 years’ experience in financial services and asset management technology with substantial expertise in business analytics, data research, AI, Big Data and cloud infrastructure.  He will be responsible for managing the development of IBA’s leading aviation intelligence platform, IBA.iQ, as well as

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IAG Cargo reports 33% increase in second-quarter 2020 revenues

IAG Cargo has reported its second-quarter 2020 results (Q2 2020), reporting commercial revenues of €369 million over the period from April 1 to June 30, 2020, an increase of 33.1% on the same period in 2019 at constant currency.  Overall yields for the quarter were up 224.7% to the same time last year at constant currency, reflecting the extra

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New BAA Training center in Spain will include Boeing 737 MAX 8 Full Flight Simulator

BAA Training is going forward with its expansion in Spain. The global aviation training provider is establishing a 5,300 m² training center near Barcelona–El Prat Josep Tarradellas Airport. The new facility will become a home to Boeing 737 NG, Airbus A320ceo/neo and a new type for the company – a Boeing 737 MAX 8 full-flight

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AVATAR Partners debuts Avatar CONNECT AR solution

AVATAR Partners, an innovator in virtual, augmented and mixed reality (extended reality or XR, collectively) software solutions for heavy-duty industry and defense, has introduced its new Avatar CONNECT solution. Avatar CONNECT is designed to deliver a highly user-friendly, robust and low-cost way to connect remote team members via real-time collaboration anywhere in the world and

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Oriens Aviation places first enhanced Pilatus PC-12 NGX in the U.K.

Oriens Aviation, the exclusive sales and service center for Pilatus Aircraft in the British Isles, delivered the newest ‘third-generation’ Pilatus PC-12 NGX to a private customer based in north-west England on July 30, 2020. With its stylish executive six-to-eight-seat interior layout, the aircraft is ideal for business and leisure use. Three years in the making,

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