Indicating a new baseline for the cargo market Global air cargo capacity increased for the eleventh consecutive month in February, up 11% on the same period last year. The global average air freight spot rate of USD 2.73 per kg declined -35% year-on-year but remained +52% ahead of the pre-Covid level seen in 2019 according …
Air freight capacity rises above pre-pandemic levels Read More »
The Supervisory Board of Deutsche Lufthansa AG (Lufthansa) has approved the orders for 22 new state-of-the-art long-haul jets placed by the Lufthansa Group. The order comprises ten Airbus A350-1000 passenger aircraft, five Airbus A350-900 passenger aircraft and seven Boeing 787-9 ‘Dreamliner’ passenger aircraft. The value of the order stands at US$7.5 billion at current list …
Lufthansa Group places US$7.5 billion order for 22 latest-generation long-haul jets Read More »
LCI is set to deliver two new Leonardo AW139 helicopters on long-term lease to Babcock Australasia (Babcock), Australia in early 2024. The aircraft, which are valued at over US$40 million (£22.4 million), will be deployed by Babcock on mission-critical and socially responsible Emergency Medical Services (EMS) operations. The Leonardo AW139 combines flexibility, high performance, proven …
LCI set to deliver AW139 helicopters to Babcock Australasia Read More »
Virgin Atlantic has formally joined SkyTeam, the global airline alliance, at a signing ceremony in London on Thursday March 2 . The move means Virgin Atlantic becomes SkyTeam’s first and only UK member airline, enhancing the alliance’s transatlantic network and services to and from Heathrow and Manchester airports. Virgin Atlantic customers will now benefit from …
Greater Bay Airlines (GBA) has placed an order for 15 Boeing 737-9 airplanes. The order also includes a commitment for five 787 Dreamliners to support GBA’s long-term plan to launch international long-haul services. The new Hong Kong-based carrier said the 737-9 will form the backbone of its future fleet as it seeks to operate more flights …
New Hong Kong-based Greater Bay Airlines places order for 15 Boeing 737-9 aircraft Read More »
Collins Aerospace has been selected under the Clean Hydrogen Joint Undertaking to lead a consortium working to develop new thermoplastics technology for the liquid hydrogen tanks necessary to power hydrogen propulsion architectures in future more sustainable aircraft. The Collins-led consortium will bring together Collins sites across France, Italy, United Kingdom, Poland, the Netherlands, U.S. and …
Collins Aerospace to lead consortium to develop thermoplastics for liquid hydrogen tanks Read More »
LCI, a leading aviation company and a subsidiary of Libra Group, has appointed Alan O’Rourke to the position of Chief Financial Officer (CFO). O’Rourke was previously LCI’s Senior Vice President, Finance, based in the lessor’s London office and was responsible for developing relationships with LCI’s financial partners to source and originate capital for the organisation. …
LCI appoints Alan O’Rourke to Chief Financial Officer Read More »
Air cargo tonnages from Asia Pacific recovered strongly in the beginning of February from the annual Lunar New Year holiday downturn and the following three weeks have shown a worldwide market stabilisation, after months of demand and rate declines, the latest preliminary figures from WorldACD Market Data indicate. Figures for week 8 (20 to 26 …
Global air cargo tonnages and average rates continue stable trend Read More »
