Canadian business jet manufacturer Bombardier has released its financial results for the second quarter of 2021 and on the back of a strong first half year, has raised its full-year guidance. Aircraft deliveries, revenue, profitability, and cash use should all now outperform previously given targets. Business jet revenues during the second quarter of 2021 climbed …
Dubai Aerospace Enterprise (DAE) has released its financial results for the six months ended June 30, 2021. DAE reported total revenue of US$613.4 million compared to the US$675.9 million in the first six months of 2020 and adjusted profit before tax of US$67.3 million compared to US$131.9 million the previous year. The company’s operating cash flow amounted to …
DAE posts financial results for first half of 2021 Read More »
As part of a long-term ACMI agreement (aircraft, crew, maintenance, and insurance) between SmartLynx, a member of the Avia Solutions Group (ASG), and Royal Air Maroc, five SmartLynx Airbus A321 aircraft will come into service for the Moroccan national carrier and the country’s largest airline. The esteemed 64-year old airline currently operates a fleet of …
SmartLynx and Royal Air Maroc enter into long-term commercial agreement Read More »
After unveiling plans for a major expansion in North America with a firm order for 30 E195-E2 jets, with purchase rights for a further 50 aircraft, Porter Airlines has signed a major aftermarket support package contract with Embraer. The Total Support Program (TSP) agreement includes airframe heavy maintenance checks, technical solutions, and access to the …
Embraer and Porter Airlines sign major services and support agreement Read More »
Chapman Freeborn, the global air charter specialist, and part of Avia Solutions Group, has announced that Nigel Parkinson, a travel expert with 25 years’ experience in the travel industry, will join the company as its new Chief Commercial Officer – Passenger Charter Solutions. Parkinson joins the business following 13 years at ALTOUR, one of the …
Nigel Parkinson joins Chapman Freeborn as CCO – Passenger Charter Solutions Read More »
Atlas Air Worldwide Holdings has reported second-quarter 2021 net income of US$107.1 million, compared to net income of US$78.9 million in the second quarter of 2020. On an adjusted basis, EBITDA totaled US$243.7 million in the second quarter this year compared to US$247.0 million in the second quarter of 2020. Adjusted net income in the …
Atlas Air Worldwide reports second-quarter net income of US$107.1 million Read More »
ST Engineering Group has secured two CFM56-7B engine Maintenance, Repair and Overhaul (MRO) contracts. The first is an exclusive five-year contract from Alaska Airlines. Under the agreement, which is an extension of an existing contract that expires at the end of this year, ST Engineering will provide engine heavy maintenance to the airline’s fleet of …
ST Engineering secures two CFM56-7B engine MRO contracts Read More »
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), has entered into a facility agreement for the secured portfolio of 13 Airbus and Boeing aircraft, valued at approximately US$660 million. The transaction brings the lessor’s executed financings year-to-date to a total of US$2.53 billion. The first large-sized portfolio financing …
