August 15, 2022

SAS may avoid bankruptcy after securing US$700 million in fresh financing

Scandinavian Airlines (SAS) has confirmed that it has entered into an agreement with Apollo Global Management to raise US$700 million which it hopes will enable the stricken carrier to complete its restructuring process under Chapter 11 bankruptcy protection in the U.S. The news comes hot on the heels of an announcement that Norwegian, Danish and …

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Malaysia Airlines to acquire 20 A330neos for wide-body fleet renewal

Aircraft & Engines

Malaysia Aviation Group (MAG), parent company of Malaysia Airlines, has selected the Airbus A330neo aircraft for the carrier’s wide-body fleet renewal programme. The initial agreements cover the acquisition of 20 A330-900 aircraft, with ten aircraft to be purchased from Airbus and ten to be leased from Dublin-based Avolon. The announcement was made at an event …

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CAE reports first-quarter fiscal 2023 results

Financial

CAE has reported revenue of CA$933.3 million for the first quarter of fiscal 2023, compared to CA$752.7 million in the first quarter last year. First-quarter net income attributable to equity holders was CA$1.7 million compared to CA$46.4 million last year. Adjusted net income in the first quarter of fiscal 2023 was CA$17.6 million compared to CA$55.6 million …

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Qantas Freight to increase domestic fleet with six Airbus A321 aircraft

Aircraft & Engines

Qantas Freight will increase its domestic fleet with six Airbus A321 aircraft to meet growing e-commerce demand from its customers. Since the onset of COVID-19, the national carrier’s freight division has seen a step change in cargo volumes driven partly by a structural shift to online shopping. The six A321 freighters, which are expected to …

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HEICO Corp. acquires leading aircraft antennae company

Financial

HEICO Corporation has released that its Electronic Technologies Group has acquired all of the stock of Sensor Systems, Inc. (Sensor) for a combination of cash and approximately 575,000 HEICO Class A Common Shares. Further financial details were not disclosed. HEICO stated that it expects the acquisition to be accretive to its earnings in the year …

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Delta appoints Alex Antilla as VP Latin America

People

Delta has appointed Alex Antilla as Vice President, Latin America. Based in Santiago, Chile, he will oversee Delta’s business and customer experience strategy throughout Mexico, Central America, South America and the Caribbean, as well as the airline’s partnerships with the LATAM Group and Aeromexico. Antilla has worked with Delta for 16 years in the trans-Pacific, …

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ORIX Aviation delivers package of 12 B737 MAX 8 aircraft to Sky Leasing

Aircraft & Engines

ORIX Aviation has successfully concluded the sale and delivery of a package of twelve B737 MAX 8 (powered by LEAP 1B engines) on behalf of the secured financiers of the aircraft to funds managed by Sky Leasing. Since early 2021 ORIX Aviation has managed all twelve aircraft, overseeing their return from five different locations throughout …

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SAS may avoid bankruptcy after securing US$700 million in fresh financing

Malaysia Airlines to acquire 20 A330neos for wide-body fleet renewal

CAE reports first-quarter fiscal 2023 results

Qantas Freight to increase domestic fleet with six Airbus A321 aircraft

HEICO Corp. acquires leading aircraft antennae company

Delta appoints Alex Antilla as VP Latin America

ORIX Aviation delivers package of 12 B737 MAX 8 aircraft to Sky Leasing

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15 August 2022

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