Global seating company RECARO has announced record growth of almost 55% in 2022 and has outlined a plan for continued double-digit growth. In 2022, the company generated revenue of nearly €425 million (incl. double-digit R&D investment) and employed 2,500 personnel across its business divisions, which include RECARO Aircraft Seating, RECARO Gaming and Growag (rail seating). […]
RECARO posts growth of 55% in 2022 Read More »
Vanessa Hudson will become the next CEO and Managing Director of the Qantas Group, taking over from Alan Joyce when he retires in November 2023. Hudson is currently the Group’s Chief Financial Officer and has worked in a number of executive positions across the Group over 28 years, including Chief Customer Officer and Senior Vice
Vanessa Hudson will succeed Alan Joyce as CEO of Qantas Group Read More »
The WestJet Group has completed its acquisition of Sunwing Vacations and Sunwing Airlines. The transaction, originally announced in March 2022, combines the two Canadian aviation and leisure travel success stories and will bring greater choice, competitive airfares and increased direct access to sun destinations to Canadian travellers. In addition, it positions Sunwing to continue its growth
WestJet Group completes acquisition of Sunwing Read More »
Alaska Airlines has presented a Bombardier Q400 regional turboprop to ZeroAvia that will be retrofitted with a hydrogen-electric propulsion system in an effort to expand the reach and applicability of zero-emissions flight technology. At an event, held at ZeroAvia’s Paine Field research and development site, the companies were joined by high school students from Raisbeck Aviation High School, Washington
GE Aerospace along with NAVAIR have been awarded a US$683.7 million (£547 million) contract for three more lots of T408 engines that will power the U.S. Marine Corps’ heavy-lift helicopter, the Sikorsky CH-53K® King StallionTM. The contracts for engines and other ancillary services are subsequent to five previous contracts for T408 engines, the last being in
GE Aerospace awarded US$684 million contract for additional T408 engines Read More »
BOC Aviation has delivered the first of 11 new Boeing 737 MAX 8 aircraft for lease to Lynx Air (Lynx). All 11 aircraft are part of BOC’s existing order book and will be powered by CFM LEAP-1B engines. “We are delighted to welcome Lynx as a new customer. This delivery will enable the airline to
BOC Aviation delivers first of 11 737 MAX 8 aircraft to Lynx Air Read More »
Israel Aerospace Industries (IAI), through its defence electronics subsidiary, ELTA Systems, has been awarded with a contract to provide airborne Signals Intelligence (SIGINT) solutions to an international customer. The contract size including systems delivery and maintenance will surpass US$100 million (£80 million). Under the contract, ELTA will provide SIGINT systems and airborne communications suites for
Air Lease Corporation’s (ALC) total revenues for the three months ended March 31, 2023, increased by 6.6% to US$636.1 million as compared to the three months ended March 31, 2022. The increase in total revenues was primarily driven by the continued growth in the company’s fleet partially offset by a net decrease in end-of-lease revenue.
ALC reports first-quarter 2023 results Read More »
