5 November 2020

Private jet operators see massive spike in demand as wealthy U.K. residents flee latest lockdown

With The U.K. entering a second period of lockdown on Thursday, November 5, to counteract the COVID-19 pandemic, the more wealthy have greatly increased their demands on private charter firms for flights to the location of second homes, with the Canary Islands coming top of the list. Air Partners, which caters for the royal family, […]

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Dubai Aerospace Enterprise (DAE)

DAE reports financial results for nine months ended September 30, 2020

Dubai Aerospace Enterprise (DAE) has reported its financial results for the nine months ended September 30, 2020. The company reported total revenue of US$984.1 million, compared to US$1,085.1 million for the same period in 2019. Net income totaled US$167.3 million, compared to US$260.5 million the previous year. During the third quarter of 2020, DAE signed

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Volaris selects Airinmar for warranty management services

AAR subsidiary Airinmar, the global independent provider of component repair cycle management and aircraft warranty solutions, has signed a new three-year support services agreement with Volaris, Mexico’s leading domestic airline. The agreement covers the provision of new aircraft warranty services to augment and support Volaris’ internal management team and maximize the recovery of warranty entitlements.

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Singapore-Hong Kong bubble spurs Christmas travel bookings

Research undertaken by ForwardKeys, the travel analytics company, reveals that the announcement, on October 15, that Hong Kong and Singapore have reached an in-principle agreement to establish a bilateral Air Travel Bubble (ATB), which would allow leisure travel between them to restart in November, triggered an immediate release of pent-up demand. In the week that

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Magnetic MRO signs new CAMO agreement with TrueNoord

Magnetic MRO, a Total Technical Care and Asset Management organization (CAMO), has signed a CAMO service agreement with regional aircraft leasing company TrueNoord. The agreement includes the re-delivery of two Mitsubishi Heavy Industries CRJ900 NextGen- (previously Bombardier CRJ900 NextGen series) type aircraft from a previous operator and all engineering services related to maintaining the aircraft

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