May 4, 2022

Sanctions see Avolon forced to record US$304 million impairment for Russian planes

Irish lessor Avolon, which has ten leased jets still trapped in Russia, has recorded a first-quarter US$304 million impairment to cover the full financial impact. “While we continue to make every effort to recover these assets, we are recognising the full impairment this quarter, putting the financial impact of Russian sanctions firmly behind us,” Avolon’s …

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Airbus deploys A220 on Asia-Pacific demonstration tour

Aircraft & Engines

Airbus has deployed an airBaltic A220-300 passenger aircraft to the Asia-Pacific region as part of its latest demonstration tour. The aircraft had already made a demonstration flight in Sydney (Australia) and will next fly to Singapore. The week-long campaign will see the aircraft make two more stops, one in Hanoi (Vietnam) and one in Tokyo …

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IATA releases March 2022 data for global air cargo markets, showing drop in demand

Traffic

The International Air Transport Association (IATA) has released March 2022 data for global air cargo markets showing a drop in demand. The effects of the Omicron COVID-19 variant in Asia, the Russia – Ukraine war and a challenging operating backdrop contributed to the decline. Global demand, measured in cargo tonne-kilometres (CTKs), fell 5.2% compared to …

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Chorus Aviation completes acquisition of Falko Regional Aircraft

Financial

Chorus Aviation (Chorus) has completed its acquisition of Falko Regional Aircraft Limited (Falko), as previously announced on February 27, 2022. This acquisition transforms Chorus into a premier full-service provider in regional aviation with unique capabilities to maximise value at every stage of an aircraft’s lifecycle. The completion of this transaction establishes Chorus as one of …

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Fatigue Technology selects Wencor as preferred strategic partner

MRO & Production

Fatigue Technology Inc. (FTI) has selected Wencor as a preferred strategic partner supporting its Cold Working tooling “CB” product line for the commercial maintenance and repair market. “We are excited to partner with Fatigue Technology and its market leading products. Its diverse product and engineering capabilities, combined with our extensive technical sales capabilities and value-added …

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Airbus expands training portfolio to include Evidence Based Training

Other News

Airbus is expanding its flight training portfolio, by extending its Competency Based [pilot] Training and Assessment (CBTA) offer to include Evidence Based Training (EBT). This new flight training concept will enable airlines to incorporate operational and training data in order to adapt training programmes for technical and non-technical skills. EBT is currently being offered as …

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