13 August 2020

TUI to receive additional €1.2 billion stabilization package from KfW

TUI, the world’s leading integrated tourism group, has received backing from the German government for an additional tranche of €1.05 billion that extends its exiting tranche with KfW, the German state-owned development bank based in Frankfurt. The extension of the existing credit line by €1.05 billion will be subject to TUI issuing a Convertible Bond […]

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Gulfstream doubles down on cabin air purification

Gulfstream Aerospace has announced an additional enhancement to its signature Gulfstream Cabin Experience, further investing in customer health through plasma ionization. The air purification system, which complements Gulfstream’s already 100% fresh-air environment, has proven in lab tests to kill pathogens and allergens. Gulfstream’s plasma ionization system, which operates whenever the aircraft environmental control system is

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Air France signs majority agreement with SNPL for development of Transavia France on domestic network

The Air France-KLM Group is taking an important step in its development, with the signing of an amendment to the group’s “Air France-Transavia pilot agreement” allowing Transavia France to operate domestic routes within France. This agreement has been signed between Air France and Transavia’s management and the SNPL Air France-Transavia, the union representing a majority

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GA Telesis Engine Services introduces innovative new technologies RTIS and EIERRIS® for maintenance inspections

GA Telesis Engine Services OY (GATES), the engine heavy maintenance unit of global aviation integrator GA Telesis, has announced a significant upgrade to its customer support services by introducing an innovative Remote Table Inspection Solution (RTIS) to its current and future customers. As a countermeasure to the global travel difficulties and social distancing resulting from

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Nordic Aviation Capital delivers one ATR 72-600 to Windrose Aviation

Nordic Aviation Capital (NAC) has confirmed the delivery of one ATR 72-600 aircraft, MSN 1450, on lease to Windrose Aviation Company. Windrose Aviation is one of the leading charter flight operators in Ukraine with a market share of 21%, according to the State Aviation Service of Ukraine. In 2019, Windrose transported 1.4 million passengers, making

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Chorus Aviation reports second-quarter 2020 results and market update

Chorus Aviation has announced second-quarter 2020 financial results and an update on the impact of COVID-19. In the second quarter of 2020, Chorus reported adjusted EBITDA of CA$91.0 million, an increase of CA$5.3 million over the second quarter of 2019.The Regional Aircraft Leasing segment’s adjusted EBITDA increased by CA$8.2 million primarily related to the growth

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