With Qatar Airways refusing to take delivery of any further Airbus A350s until the European planemaker makes good on what the Gulf carrier calls premature surface damage, Airbus has finally had enough of the situation and has revoked the existing order for what stood at 19 aircraft as at the end of June, according to […]
Airbus pulls plug on entire remaining Qatar Airways A350 deal Read More »
Aergo Capital (Aergo) has remarketed two B787-9 aircraft, bearing manufacturer serial numbers 63314 and 63315, to be delivered on operating lease to Air Premia. The transaction is being executed on behalf of UKEF, with the lease agreement signed on August 4, in Singapore. Aergo Capital has acted as the asset manager and remarketing agent with
Aergo Capital remarkets two B787-9 aircraft to go on lease to Air Premia Read More »
The Lufthansa Group generated an operating profit of €393 million in the second quarter of 2022. In the prior-year period, adjusted EBIT was still clearly negative at €-827 million. Adjusted EBIT margin rose accordingly to 4.6% (prior year: -25.8%). Net income increased significantly to €259 million (prior year: €-756 million). The Group turned over €8.5
Rolls-Royce has reported that the Spanish government has approved the sale of ITP Aero to a consortium of investors led by Bain Capital Private Equity. This follows the approval of all other relevant regulatory authorities. As a result, the completion of the transaction, at an enterprise value of approximately €1.8 billion, is expected in the
Spanish government approves sale of ITP Aero Read More »
HAECO ITM, a member of the HAECO Group, has signed an exclusive contract with Silk Way West Airlines to provide inventory technical management support to the airline’s Boeing 747-8F fleet. The new agreement will run until 2029. Under the new agreement, Silk Way West Airlines will benefit from gaining access to HAECO ITM’s pool of
HAECO ITM signs long-term contract with Silk Way West Airlines Read More »
AAR CORP., a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has been awarded a firm-fixed-price (FFP) requirements contract from the U.S. Air Force (USAF) to produce next-generation all-aluminum cargo pallets. The basic contract period of performance is for 18 months with eight 12-month options and one six-month option. The
Effective September 1, Dirk Janzen will assume the role of Vice President Sales, The Americas, Lufthansa Group Airlines, responsible for global market strategy, joint ventures, as well as passenger sales across North and South America. He succeeds Frank Naeve, who was in charge of The Americas region for the last three years until his recent
Flybe has announced a partnership with TrustFlight and its suite of digital tools, including Tech Log, AMOS and Centrik, designed to enhance the airline’s safety, regulatory compliance, and continuing airworthiness. The combination of TrustFlight’s industry expertise and cutting-edge digital technology will help Flybe to deliver an efficient, cost-effective, competitive service to its customers, ensuring the
Flybe announces partnership with TrustFlight Read More »
