May 5, 2023

Fraport’s improved Q1 results sees 2023 Group net profit forecast of €300 – €420 million

Fraport Group‘s revenue for Q1, 2023 has risen by 41.9% compared to Q1, 2022 thanks to ongoing traffic recovery. The Group revenue totalled €765.6 million with an operating (EBITDA) of €158.3 million, a year-on-year increase of around 100%. The Group result (net profit) rose to minus 32.6 million in the reporting period (from minus €118.2 …

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RECARO’s BL3710 economy-class seats enter into service on IndiGo’s A321neo

MRO & Production

RECARO’s BL3710 economy-class seats have entered into service on IndiGo’s A321neo aircraft. This seat programme marked the first time that IndiGo selected RECARO as a seating solution partner since the airline’s founding in 2006. Deliveries of the BL3710 will be installed on a fleet of 75 Airbus A321/A320neo aircraft. Each A321 can seat 232 passengers …

RECARO’s BL3710 economy-class seats enter into service on IndiGo’s A321neo Read More »

VSE Corporation acquires Desser Aerospace

Financial

VSE, a leading provider of aftermarket distribution and MRO services for air, land and sea transportation assets for commercial and government markets, has entered into a definitive agreement to acquire Desser Holding Company (Desser Aerospace), a global aftermarket solutions provider of specialty distribution and MRO services. The acquisition is expected to close within the next …

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Michael T. Steen becomes CEO of Atlas Air Worldwide

Michael T. Steen appointed CEO of Atlas Air Worldwide

People

Atlas Air Worldwide has released that Michael T. Steen, Executive Vice President and Chief Commercial Officer of Atlas, has been appointed Chief Executive Officer (CEO) of the company, in line with the company’s long-term succession plan, effective June 15, 2023. Steen succeeds John W. Dietrich, who is retiring from the company after nearly 25 years. …

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Volaris is one of the Mexican carriers affected by the downgrade of the FAA

CDB Aviation delivers first A321NX to Volaris

Aircraft & Engines

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), has delivered the first of two A321neo aircraft fitted with Airbus’ Cabin Flex (A321NX) to its long-standing customer, Volaris (Controladora Vuela Compañía de Aviación, S.A.B. de C.V.). The delivery is part of the lease agreements signed with the airline in …

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Willis Lease Finance reports first-quarter pre-tax income of US$6.8 million

Financial

Willis Lease Finance has reported first-quarter pre-tax earnings of US$6.8 million and total revenues of US$89.5 million. For the three months ended March 31, 2023, aggregate lease rent and maintenance reserve revenues were US$76.7 million and spare parts and equipment sales were US$5.1 million. The company reportedincreased total revenues in the first quarter when compared …

Willis Lease Finance reports first-quarter pre-tax income of US$6.8 million Read More »

Air Transat has opted for Avionica's miniQAR's and LTE product line

Air Transat increases service to London Gatwick

Airlines & Routes

Air Transat is increasing its services from London Gatwick to Montreal and Toronto in Canada for the 2023 summer season, including the re-introduction of its seasonal weekly direct flight to Quebec City. Increased services from Gatwick include daily flights to Montreal and double daily flights to Toronto. This comes as Air Transat celebrates 35 years since …

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Embraer posts 19% revenue growth for first quarter 2023

Financial

Embraer has posted consolidated revenue of US$ 717 million for the first quarter of 2023 (1Q23) represented growth of 19% y-o-y due to better commercial mix, strong growth in Defence & Security (+56% y-o-y) and Services & Support (+20% y-o-y). The company’s total revenue closed the quarter as planned. Commercial Aviation reported revenue growth of …

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Fraport’s improved Q1 results sees 2023 Group net profit forecast of €300 – €420 million

RECARO’s BL3710 economy-class seats enter into service on IndiGo’s A321neo

VSE Corporation acquires Desser Aerospace

Michael T. Steen appointed CEO of Atlas Air Worldwide

CDB Aviation delivers first A321NX to Volaris

Willis Lease Finance reports first-quarter pre-tax income of US$6.8 million

Air Transat increases service to London Gatwick

Embraer posts 19% revenue growth for first quarter 2023

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5 May 2023

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