6 April 2022

LCI and SMFL commit to an additional five next-generation helicopters

LCI, a leading helicopter and commercial aircraft leasing company with offices in Dublin, London and Singapore, together with Sumitomo Mitsui Finance and Leasing Company (SMFL), have acquired an additional five next-generation helicopters, comprising two Airbus H145 D3s, two Airbus H145 T2s and one Leonardo AW139. These aircraft will be deployed in mission-critical roles in both …

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Finnair sees improvement in passenger traffic figures despite Russian airspace closure

In March 2022, Finnair carried 614,500 passengers, which was 611.7% more than in March 2021. The number of passengers in March 2022 was 38.7% more than in February 2022 (month-on-month figures are not fully comparable as there were three fewer days in February). The COVID-19 impact, including the strict travel restrictions imposed by several countries …

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Pratt & Whitney Canada introduces new PT6E-66XT engine for Daher’s TBM 960 airplane

Pratt & Whitney Canada has announced a new engine model for its PT6 E-Series™ engine family. The PT6E-66XT engine is purpose built for Daher’s latest very-fast, single-engine turboprop airplane, the TBM 960. The PT6 E-Series™ is the first engine family with a dual-channel integrated electronic propeller and engine control system in the General Aviation turboprop …

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Spirit Airlines receives proposal from JetBlue Airways

Spirit Airlines has released that it received an unsolicited proposal from JetBlue Airways to acquire all of the outstanding shares of Spirit’s common stock in an all-cash transaction for US$33.00 (£25.00) per share. Consistent with its fiduciary duties, the Spirit Board of Directors will work with its financial and legal advisors to evaluate JetBlue’s proposal …

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SIA Engineering Company signs MOU for hangar facility in Subang, Malaysia

SIA Engineering Company Limited (SIAEC) has signed a non-binding Memorandum of Understanding with Impeccable Vintage Properties Sdn Bhd (IVP), a wholly-owned subsidiary of Malaysia’s sovereign wealth fund Khazanah Nasional Berhad (Khazanah), to potentially lease two hangars located at Complex A, Sultan Abdul Aziz Shah Airport, Selangor, Malaysia (Subang). Through this MOU, the parties will now …

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Greg Watson joins King Aerospace as Chief Operating Officer

Greg Watson has joined King Aerospace as Chief Operating Officer. The company is experiencing dynamic, but-controlled growth with the expansion of its modification services. It announced the addition of two hangars at the Northwest Arkansas Regional Airport in addition to robust maintenance, repair and overhaul business at its facility at the Ardmore (Oklahoma) Industrial Airpark. …

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IBA releases latest Aviation Industry Barometer for February 2022

Aviation industry consultant IBA has published its latest Aviation Industry Barometer for February 2022. Data from IBA’s InsightIQ intelligence platform indicates that the recovery of global passenger flights has been static from December 2021 to February 2022, with flight capacity remaining at 74% relative to pre-pandemic levels. IBA’s Aviation Industry Barometer for February 2022 indicates …

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DAE closes US$1 billion revolving credit facility

Dubai Aerospace Enterprise (DAE) has successfully closed a new four-year US$1 billion (£760 million) revolving credit facility with a one-year extension option. The facility replaces other facilities with near-term maturity dates and represents DAE’s first facility that is priced with reference to SOFR. The facility attracted strong interest from a broad group of banks and …

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