Lease rates on popular aircraft types expected to rise The ACMI market grew significantly last year and will see another major jump this year from long-term players and start-ups alike, according to industry experts. They see a strong need for ACMI in the market right now and it’s only expected to grow – the market […]
ACMI market poised for growth in 2023 Read More »
Alliance Airlines has entered into a sale-and-purchase agreement for an additional 30 Embraer E190 aircraft from Dublin-based lessor AerCap. The additional 30 E190 aircraft are currently on lease from AerCap to a U.S. airline and have been operated by the carrier since new. Aircraft deliveries and payments will commence in September 2023 and will be
Alliance Airlines acquires an additional 30 E190 aircraft from AerCap Read More »
International Airline Group (IAG), the parent company of British Airways, Aer Lingus and Iberia, has confirmed its intention to acquire the remaining 80% of shares in Spain’s Globalia offshoot, Air Europa. Having agreed in March 2022 to grant Air Europa a €100 million loan that was convertible into a 20% stake, this latest move sees
IAG to complete full purchase of Spain’s Air Europa for €400m Read More »
New narrow-body aircraft base values rose beyond the long-term trend into 2023 and lease rates are forecast to climb further this year, according to data revealed by IBA leading aviation market intelligence and consultancy company. In its latest values webinar, IBA’s ISTAT-certified experts revealed that the base value of a new Airbus A220-300 was US$38.25
Narrow-body aircraft values recover in 2022 and set for 2023 climb Read More »
Ashwin Bhat, Chief Commercial Officer (CCO) at Lufthansa Cargo, has been newly elected to the SWISS Board of Directors at the company’s annual general meeting. He succeeds Christina Foerster, who remains a member of the Lufthansa Group Executive Board and also interim CEO of Brussels Airlines. New Board member Ashwin Bhat has been Chief Commercial
Ashwin Bhat CCO of Lufthansa Cargo elected to SWISS’ Board of Directors Read More »
Boeing expects to complete new-build production of the F/A-18 Super Hornet fighter aircraft in late 2025 following delivery of the final U.S. Navy fighters. Production could be extended to 2027 if the Super Hornet is selected by an international customer. To meet demand for defence products and services, Boeing plans to continue hiring year-over-year for
Boeing sets F/A-18 production completion date Read More »
Collins Aerospace has teamed with Lilium, developer of the all-electric vertical take-off and landing (eVTOL) jet, to design, develop, and build the Lilium Jet’s inceptors – the innovative sidestick system used by the pilot to control the aircraft. Collins is a leader in technologically advanced and intelligent solutions for the global aerospace and defence industry
Collins Aerospace to design, develop and build Lilium Jet’s inceptors Read More »
New York City-based JetBlue has celebrated a key milestone in the Port Authority of New York and New Jersey’s transformation of JFK International Airport (JFK) with the ground-breaking of a US$4.2 billion project to develop a new international Terminal 6. The ground-breaking, held at JetBlue’s JFK maintenance hangar, only reinforces the airline’s commitment to JFK,
Airlines based in the Pacific region will take delivery of 920 new aircraft over the next 20 years, generated by an average growth in passenger traffic in the region of 3.2% per annum, according to the latest Airbus Global Market Forecast. This forecast for new aircraft includes around 750 single-aisle aircraft like the A220 and
