5 August 2022

Atlas Air Worldwide to be acquired by investment consortium for US$5.2 billion

Atlas Air Worldwide, a leading global provider of outsourced aircraft and aviation operating services and parent company of Atlas Air, Inc. and Titan Aviation Holdings, Inc., has announced that it has entered into a definitive agreement to be acquired by an investor group (the Consortium) led by funds managed by affiliates of Apollo together with […]

Atlas Air Worldwide to be acquired by investment consortium for US$5.2 billion Read More »

Spirit AeroSystems reports second-quarter operating loss of US$104.7 million

Spirit AeroSystems’ revenue in the second quarter of 2022 was US$1.3 billion, up 26% from the same period of 2021. This increase was primarily due to higher production deliveries on the Boeing 737 programme as well as increased aftermarket revenue, partially offset by lower production volume on the Boeing 787 programme. Overall deliveries increased to

Spirit AeroSystems reports second-quarter operating loss of US$104.7 million Read More »

Iridium Partner SKYTRAC Satcom chosen for Joint Light Helicopter French Armed Forces programme

Iridium Communications has announced that Airbus Helicopters is providing the Joint Light Helicopter (Hélicoptère Interarmées Léger – HIL) French Armed Forces Programme with H160Ms that will be factory-equipped with Iridium partner SKYTRAC’s Iridium Certus Connected® SDL-700. A multifunctional system, the SDL-700 is a satellite communication terminal, data acquisition, and onboard server system that utilizes Iridium

Iridium Partner SKYTRAC Satcom chosen for Joint Light Helicopter French Armed Forces programme Read More »

Bombardier reports strong second-quarter 2022 results

Bombardier has reported strong financial results for the second quarter of 2022, marked by continued steady demand for new aircraft, strong aftermarket performance, robust free cash flow generation and high backlogs. Bombardier raised its full-year guidance on free cash flow, now expected to be better than the previously communicated target and reaffirmed guidance on aircraft deliveries,

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Agility completes £763 million acquisition of Menzies Aviation

Agility, a supply chain services, infrastructure and innovation company, has finalised its acquisition of UK-based John Menzies PLC and will combine the business with its National Aviation Services (NAS) business to create a world leader in aviation services in 58 countries. Once integrated, the combined company will operate as Menzies Aviation and will be the

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TrueNoord leases second Embraer E190 to Cobham Regional Services

Specialist regional aircraft lessor TrueNoord has completed the transition of a second Embraer E190 (MSN 1900099) to Cobham Regional Services on a six-year operating lease. The aircraft was integrated into Cobham’s fleet in May and is already operating charter flights from its base in Perth. The smooth transition of this E190 from TrueNoord’s previous lessee,

TrueNoord leases second Embraer E190 to Cobham Regional Services Read More »

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