2 November 2021

Struggling Thai Airways to take drastic measures – will offload 42 jets and slash workforce by a third

Founded in 1961, the flag-carrying airline Thai Airways International Public Company Limited (Thai Airways) has remained virtually unprofitable for the best part of a decade. The ailing carrier is now taking drastic measures to turn round the company’s fortunes by selling off 42 less-fuel-efficient aircraft, 16 aircraft which are on lease will also be returned, […]

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MTU Aero Engines and EASA develop approval requirements for flying fuel cell

MTU Aero Engines has entered an innovation partnership with the European Union Aviation Safety Agency (EASA). Together, the partners are investigating the potential ways forward for future certification of a flying fuel cell (FFC). The hydrogen-powered fuel cell is a very promising propulsion concept on the way to emission-free flying and an integral part of

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Qatar Foundation and Rolls-Royce sign MoU to enter into partnership to create groundbreaking centre for climate-tech innovations

Rolls-Royce and Qatar Foundation announced they will enter into a long-term partnership to create a global centre for climate technology innovation. As partners, Rolls-Royce and Qatar Foundation will develop two world-class campuses dedicated to launching, investing in and growing businesses that can accelerate the global energy transition. The centre will help entrepreneurs create and grow

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Stevens Aerospace starts construction of new Tennessee MRO facility

Stevens Aerospace and Defense Systems (Stevens) has started construction on its new MRO facility in Smyrna, Tennessee. The first phase of the facility will provide 57,000 ft² of operational space and phase two will see an additional 40,000 ft² of hangar space. Stevens has operated in the Nashville metropolitan area for nearly 40 years. The

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A.P. Moller – Maersk orders two Boeing 777 freighters

A.P. Moller – Maersk (Maersk), the global provider of end-to-end container logistics, has placed an order for two Boeing 777 freighters. The freighters will be operated by Star Air, Maersk’s in-house aircraft operator and is the company’s first 777 order. Star Air currently operates an all-Boeing 767 freighter fleet. “As a global integrator of container

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AerCap completes acquisition of GE Capital Aviation Services

AerCap Holdings, a global leader in aircraft leasing, has completed its acquisition of the GE Capital Aviation Services business (GECAS) from General Electric (GE). The acquisition positions AerCap as the worldwide industry leader across all areas of aviation leasing: aircraft, engines and helicopters. The combined company will serve approximately 300 customers around the world and

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ARCTOS names Chris Greamo as President and Chief Executive Officer

ARCTOS has named defence technology leader Chris Greamo as its new President and Chief Executive Officer (CEO).  Greamo has extensive technical competence and significant experience leading innovative defence technology enterprises. He previously served as president and CEO of Two Six Labs, building the technical products and services company with greater than 30% annual growth and

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AFG Aviation Ireland completes acquisition of two Boeing B747-8F freighter aircraft

AFG Aviation Ireland, a wholly owned subsidiary of Aircraft Finance Germany GmbH, has completed the acquisition of two two Boeing B747-8F freighter aircraft bearing MSN 37562 and MSN 37563 from Saudi Arabian Airlines Corporation (Saudi Arabia) for its strategic partner Hongyuan Group (the People’s Republic of China). The Hongyuan Group is the official warehousing and

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