27 January 2023

Asia Pacific continues to lag behind global passenger capacity, IBA Insight show

IBA, a leading aviation market intelligence and consultancy company, has published its monthly Aviation Industry Barometer for December 2022, showing that global passenger capacity reached 82% of pre-pandemic levels. Data from IBA’s Insight platform reveals that the Asia Pacific region continues to lag behind global capacity, whereas most regions are now within 90-100% of pre-pandemic

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Leonardo and Safran join forces for AW09 single-engine helicopter propulsion system

Leonardo and Safran Helicopter Engines have joined forces to further enhance the capabilities and competitiveness of the next-generation AW09 single-engine helicopter. The production aircraft will feature the 1,000 shp class of power Arriel 2K engine, the newest generation of the Arriel family. The selection of the new engine guarantee the most efficient level of industrialisation,

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Alaska Air Group delivers strong fourth-quarter 2022 and full-year results

Alaska Air Group (Alaska) has posted financial results for the fourth quarter and full year ended December 31, 2022. Alaska reported net income for the fourth quarter and full year 2022 under Generally Accepted Accounting Principles (GAAP) of US$22 million and US$58 million respectively. These results compare to net income for the fourth quarter and

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Air France-KLM Group

Air France-KLM’s fleet renewal continues with order for four A350Fs and three A350-900 aircraft

Air France-KLM’s fleet renewal continues in an ongoing effort to improve the Group’s economic and environmental performance. In this context, the Group announced that the Air France-KLM Board of Directors has approved a firm order for four Airbus A350F full-freighter aircraft, to be operated by Martinair on behalf of KLM Cargo. These Airbus A350Fs will

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Air Canada appoints Jon Turner Vice President Cargo

Air Canada has appointed Jon Turner, currently Vice President Inflight Services, as Vice President Cargo effective February 18, 2023.  An accomplished airline executive with expertise in global strategy, operations and customer service, Turner has held a wide range of progressively critical, senior leadership roles at Air Canada and other Canadian airlines. These have included Vice

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Governor Pritzker visits AAR’s Rockford, Ill. facility, announces Illinois’ US$2.6 million investment

AAR CORP. a leading provider of aviation services to commercial and government operators, MROs, and OEMs, hosted Illinois Governor JB Pritzker, leaders from Rock Valley College and local officials and partners at its Rockford, Illinois, MRO facility on January 26. Governor Pritzker announced a US$2.6 million investment by the State of Illinois to support and

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American Airlines has posted a net loss of US$312 million for the first quarter © American Airlines

American Airlines reports fourth-quarter 2022 revenue of US$13.2 billion, up 16.6% from 2019

American Airlines Group (American) has released its fourth-quarter and full-year 2022 financial results. The company reported fourth-quarter and full-year net income of US$803 million and US$127 million respectively. Excluding net special items, fourth-quarter and full-year net income was US$827 million and US$328 million respectively. American recorded fourth-quarter revenue of US$13.2 billion, which represents a 16.6%

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