In publishing its Annual Report for 2020/21, covering a challenging year with the ongoing COVID-19 pandemic causing extensive loss of traffic and revenue, Qatar Airways Group has reported a net loss of US$4.1 billion, of which U.S.$2.3 billion was due to a one-time impairment charge related to the grounding of the airline’s Airbus A380 and […]
Qatar Airways annual losses double on pandemic, impairments Read More »
Boeing and Guangzhou Aircraft Maintenance Engineering Company (GAMECO) have announced plans to create additional capacity for the 767-300 Boeing Converted Freighter (BCF) to help meet continued strong market demand. The agreement, revealed by the two companies during a signing ceremony at the China International Aviation & Aerospace Exhibition in Zhuhai, will expand freighter conversion capacity
Boeing to add 767-300BCF conversion lines at GAMECO Read More »
Rolls-Royce has signed a definitive agreement to sell 100% of ITP Aero to Bain Capital Private Equity, which is leading a consortium of investors, for approximately €1.7 billion. The consortium includes interests to be held by Spanish co-investors SAPA and JB Capital. The proposed sale assesses ITP Aero at an enterprise value of approximately €1.8
Rolls-Royce signs agreement to sell ITP Aero for €1.7 billion Read More »
Air Lease Corporation has delivered one new Boeing 737-9 aircraft on long-term lease to Alaska Airlines. Featuring CFM International LEAP -1B engines, this is the first of 13 new 737-9 aircraft confirmed to deliver to the airline as announced in November 2020 from ALC’s orderbook with Boeing. This new 737-9 from ALC joins six 737-9s
Alaska Airlines takes delivery of first of 13 new Boeing 737 aircraft from ALC Read More »
Meggitt PLC, a leading international company specializing in high-performance components for the aerospace, defense and selected energy markets, has signed a three-year warehousing and logistics agreement with China Southern Airlines Group Import & Export Trading Co., to support Aircraft on Ground (AOG) activities on the LEAP 1C engine in the China region. Under the agreement
In conjunction with Finnair’s efforts to emerge from the COVID-19 crisis, the company is proceeding with its refinancing plan and has finalized a sale-and-leaseback arrangement for four of its Airbus A350 aircraft. In the arrangement, Finnair sold these aircraft – delivered between June 2017 and February 2019 – and has leased them back for its
Finnair finalizes sale-and-leaseback agreement for four A350 aircraft Read More »
GAMECO (Guangzhou Aircraft Maintenance Engineering Co.), a leading MRO in the Chinese aviation aftermarket, has signed a contract with Satair extending its long-term agreement for the Airbus Managed Inventory (AMI) service. The new agreement extends the contract for a multi-year period to secure long-term flexibility and reliability to GAMECO’s inventory management. Five years ago, GAMECO
Satair and GAMECO extend long-term Airbus managed inventory agreement Read More »
Embraer will reveal its latest outlook for the Chinese commercial aviation market at the Zhuhai Airshow today, September 28, the 13th China International Aviation and Aerospace Exhibition. The report predicts new aircraft deliveries over the next 20 years based on passenger demand for air travel in the post-pandemic era. Embraer forecasts that 1,445 new aircraft in
Flying Colours Corp., the maintenance, refurbishment, and completion specialist, continues solidifying its reputation for complex special-mission expertise across a range of aircraft types having completed two significant projects in the last quarter. Having undergone interior completions work at Flying Colours Corp. Peterborough headquarters in Ontario, a fifth Saab GlobalEye platform was delivered from Bombardier’s Toronto
Flying Colours Corp. ramps up special mission expertise Read More »
