4 May 2021

IAI to establish Boeing 777 conversion facility in South Korea

Israel Aerospace Industries’ (IAI) Aviation Group has signed a Memorandum of Agreement (MoA), with the Incheon International Airport and Sharp Technics, to establish a Passenger-to- Cargo (P2F) conversion site in South Korea. The facility will specialize in converting Boeing 777-ERSF (Big Twin) from passenger to freighter. Within the framework of the agreement, IAI will convert […]

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Bombardier’s predicted Q1 2021 results outpace Wall Street predictions

Canada’s Bombardier, which has recently streamlined its operations to concentrate solely on the production of luxury business jets, has released preliminary results ahead of the official release of the first quarter’s finances on May 6. While, according to IBES data from Refinitiv, analysts had projected first-quarter adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA)

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Lufthansa Group pushes ahead with fleet modernization, orders ten long-haul aircraft

Lufthansa Group is accelerating the modernization of its fleet. New, highly cost- and fuel-efficient aircraft are replacing older types on short-, medium-, and long-haul routes. As a result, the Executive Board of Deutsche Lufthansa AG has decided to buy ten long-haul aircraft: five Airbus A350-900s and five Boeing B787-9s. The Supervisory Board approved the purchase

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StandardAero awarded multi-year PT6A engine services contract from Air Seychelles

Air Seychelles, the national airline of the Republic of Seychelles, has awarded StandardAero a multi-year contract to support the Pratt & Whitney PT6A-34 turboprop engines powering its fleet of DHC-6 Twin Otter aircraft.  StandardAero will support Air Seychelles with a range of maintenance, repair and overhaul (MRO) services from its OEM-authorized PT6A Designated Overhaul Facility

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Aergo Capital acquires two widebody aircraft by way of sale and leaseback with Singapore Airlines

Aergo Capital (Aergo) has completed the sale and leaseback of two wide-body aircraft with Singapore Airlines. The transaction includes the sale and leaseback of new technology fuel-efficient aircraft, comprising one Airbus A350-900 aircraft and one Boeing 787-10 aircraft, bearing manufacturers serial numbers 278 and 60282 respectively. Both aircraft are subject to long-term leases with Singapore

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