Atlas Air Worldwide Holdings has reported strong third-quarter 2021 results, including net income of US$119.5 million, compared with net income of US$74.1 million in the third quarter of 2020. On an adjusted basis, EBITDA grew sharply to US$280.5 million in the third quarter this year compared with US$196.3 million in the third quarter of 2020. […]
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Air Canada has released its third-quarter 2021 financial results, which reveal operating revenues of CA$2.103 billion, representing almost three times the operating revenues of CA$757 million in the third quarter of 2020. Negative EBITDA (earnings before interest, taxes, depreciation, and amortization), excluding special items, was CA$67 million compared to negative EBITDA (excluding special items) of
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Dubai Aerospace Enterprise (DAE) has reported its financial results for the nine months ended September 30, 2021. Firoz Tarapore, Chief Executive Officer of DAE, stated, “Our financial results for the first nine months of 2021 demonstrate our continued focus in the leasing division on investing in new technology, fuel-efficient narrow-body aircraft, sales of portfolio aircraft
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Qatar Airways Cargo is the first cargo carrier to adopt Safran Cabin’s new fire-resistant container (FRC) solution, having taken delivery of an initial batch of containers on September 29, in Doha, Qatar. Over the next five years, the cargo airline will replace its entire fleet of more than 10,000 ULDs (Unit Load Devices) with this
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The Lufthansa Group has reported that in the third quarter of 2021, capacity offered, measured in passenger-kilometres, was 50% of the pre-crisis level of 2019, about twice as high as in the second quarter. Overall, the airlines of the Lufthansa Group carried 19.6 million passengers in July, August and September combined. This represents 46% of
Lufthansa Group returns to profit in third-quarter 2021 Read More »
Ciara Ruane has joined Avolon to serve in a newly established role as Chief People Officer (CPO). As CPO, she will be responsible for leading Avolon’s people strategy, employee experience, rewards, retention, recruitment, diversity and inclusion, and leadership development and learning. Ruane will be a core member of Avolon’s executive leadership team, joining its Executive
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Wencor Group (Wencor), a leading solutions provider to the aerospace aftermarket, defence and OEM markets, has announced the acquisition of ASC Industries. “The addition of ASC broadens our capabilities and product offerings, allowing Wencor to deliver differentiated supply chain solutions, value-added inventory services and customised kitting solutions. This acquisition aligns with our market and product expansion strategy
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Newly founded Hong Kong-based carrier Greater Bay Airlines is joining the AMOS Community. The airline will start flying soon, initially with three Boeing B737-800 aircraft and aims to expand its fleet to more than 30 aircraft by 2026. To initiate its operation and support the gradual growth of its activities, the maintenance division of Greater
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