May 11, 2022

China Eastern Airlines looks to raise US$2.2 bn through share sale

China Eastern Airlines, China’s second-largest carrier by passenger numbers has announced in a filing to the Shanghai Stock Exchange that it is looking to raise US$2.23 billion through a share sale. The revenue raised will be divided between asset acquisitions and increasing working capital. Approximately US$1.78 billion will be used to fund the acquisition of …

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GIG boosts regional cargo services in Nigeria with order for two ATR 72 freighters

Aircraft & Engines

Regional turboprop manufacturer, ATR, has signed an agreement for the acquisition of two ATR 72-500 freighters from its asset management portfolio to GIG Aviation, a subsidiary of GIG Group. The ATR 72-500s will initiate GIG Aviation’s journey as a freighter airline. The ATR freighters will help GIG Logistics expand its network in Africa to meet …

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easyJet removes seats from A319s to solve crew issues

Airlines & Routes

With multiple airlines facing crew staffing shortages to the point where the likes of easyJet and British Airways were forced last month to cut hundreds of flights, easyJet has chosen the ingenious option of removing the back row of seating from its A319 fleet of aircraft, thus enabling each aircraft to fly with fewer crew. …

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Airbus and MAGicAll team up to develop electric motors for CityAirbus NextGen

Aircraft & Engines

Airbus has selected MAGicALL to supply the motors of the electric vertical take-off and landing (eVTOL) aircraft CityAirbus NextGen. Airbus’ eVTOL prototype will be equipped with a tailored version of the MAGiDRIVE, the newest generation of electric motors manufactured by MAGicALL. The detailed customisation of CityAirbus NextGen’s electric propulsion system will enable the prototype to …

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Eve Holding begins trading on the New York Stock Exchange under “EVEX”

Financial

Eve Holding has announced that its common stock and warrants have begun trading on the New York Stock Exchange (NYSE) on May 10, under the ticker symbols “EVEX” and “EVEXW”, respectively. The public listing follows the completion of a business combination between Zanite and EVE UAM, a leader in the development of next-generation Urban Air …

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Airbus A320ceo/neo full-flight simulator ready for training at BAA Training Spain

Uncategorized

One more Full-Flight Simulator (FFS) upgraded with the recent Airbus Std. 2.0, Airbus A320ceo/neo, has passed final acceptance tests and initial evaluation and is now declared “Ready for Training” (RFT) at BAA Training Spain in Barcelona. This Level-D full-scope flight compartment replica equipped with two ceo and two neo engine types was manufactured by L3Harris …

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Aviator signs new contract with Icelandic low-cost carrier PLAY

Other News

Aviator Airport Alliance, a full-range provider of aviation services at 15 airports across the Nordics and a family member of Avia Solutions Group, has signed a new contract with PLAY, an Icelandic low-cost carrier. Under the new partnership, Aviator Airport Alliance will provide PLAY with ground handling and de-icing services at two stations in Norway …

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Goshawk sells one Embraer E190 to ACIA Aero Leasing

Uncategorized

Goshawk, the Dublin-based aircraft lessor, has announced the sale of one Embraer E190 aircraft (MSN 19000547) to ACIA Aero Leasing. The sale of the E190 was successfully closed on May 6, 2022. Stephen Murphy, Head of Airline Marketing at Goshawk reacted to the news, saying, “This transaction reflects the recovery of the aircraft leasing market, …

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JSSI grows financial leadership team with key appointments

People

Jet Support Services (JSSI), a leading independent provider of maintenance support and financial services to the business aviation industry, has appointed Tim Elberfeld as Chief Financial Officer and named Ken Goodman as Chief Underwriting Officer. Both Elberfeld and Goodman will report directly to CEO, Neil Book. Elberfeld brings more than 20 years of experience across global …

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