October 28, 2022

IAG shareholders approve purchase of 50 Boeing and 37 Airbus commercial jets

In separate statements issued by the worlds two largest aircraft manufacturers, Airbus and Boeing have both received firm orders for a combined total of 87 aircraft with options for a further 100 from International Airlines Group (IAG). Boeing received the lions share with an order for 50 737-8-200s and 737-10s combined, the order having been …

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WorldACD Air cargo trends over the past five weeks still show no signs of Q4 peak

Traffic

Air cargo prices and tonnages have stabilized in the past two weeks after dropping sharply in early October, but there are still no signs of a significant fourth quarter (Q4) peak season, the latest figures from WorldACD Market Data reveal. In week 42 (October 17 – 23), worldwide chargeable weight decreased slightly (-1%) after recovering …

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Airbus posts nine-month 2022 results

Financial

Airbus has posted its consolidated financial results for the nine months ended 30 September 2022. Consolidated revenues increased to €38.1 billion (9m 2021: €35.2 billion). A total of 437 commercial aircraft were delivered (9m 2021: 424 aircraft), comprising 34 A220s, 340 A320 family, 21 A330s and 42 A350s. Revenues generated by Airbus’ commercial aircraft activities …

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GKN Aerospace completes first run of RM16 engine in test rig

Military & Defense

GKN Aerospace has successfully completed the first engine run of the state-of-the-art RM16 engine that will power the JAS 39 Gripen E. This landmark enables GKN Aerospace to deliver full RM16 product support to the Swedish Armed Forces, ensuring engine availability for future Swedish Air Force missions. The RM16 is based on the General Electric …

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Aergo Capital delivers two further B737-8 aircraft to Batik Air Malaysia

Aircraft & Engines

Aergo Capital Limited (Aergo) has delivered two further B737-8 aircraft to Batik Air Malaysia (Malindo Air). The aircraft, bearing manufacturer serial numbers 43010 and 43014, are the sixth and seventh of eight aircraft to be delivered to the Lion Air Group. Aergo Capital secured a loan facility from PK AirFinance, an aviation lending affiliate of …

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LCI signs sustainability charter with Aircraft Leasing Ireland

Other News

LCI, a leading aviation company and a subsidiary of the Libra Group, has signed Aircraft Leasing Ireland’s (ALI) sustainability charter. Signatories are committed to driving forward and achieving Environmental, Social and Governance- (ESG) related goals, centred around ten priority sustainability principles. In signing the charter, an industry that manages more than US$100bn of assets pledges …

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