VoltAero’s Cassio 330 electric-hybrid aircraft development programme has received a financial boost from the French government in the form of a €5.6 million grant via BPI France. The financing was made available through the “France 2030” investment plan, which had previously been established by the French government to assist with sustainably transforming key sectors of […]
The WestJet Group has named Michael Scott as the Group’s Executive Vice-President and Chief Financial Officer. The 30-year aviation industry veteran will start with the airline’s executive team on June 13, 2023. Scott’s long-established career with StandardAero, included more than 13 years as Chief Financial Officer and Treasurer. He led tremendous growth with revenue increases
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MTU Maintenance Zhuhai has opened its second test cell, located in Jinwan, at a ceremony with CAAC representatives, local government and representatives from China Southern and MTU Maintenance. Having received CAAC, EASA and FAA approval for PW1100G-JM engines at the beginning of June, the 60,000 lb thrust test cell is now up and running and
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Honeywell and Lockheed Martin have signed a Memorandum of Understanding (MOU) at the recently concluded International Defence and Security Technologies Fair (IDET) in Brno, Czech Republic. The agreement outlines collaboration to identify growth opportunities in the Czech Republic, marking an important expansion milestone for Honeywell on the F-35 Lightning II platform. The agreement provides Honeywell the
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The downward trend in air global cargo tonnages has continued into early June, with average rates also continuing the year-long pattern of slow year-on-year (YoY) decline, according to the latest weekly figures from WorldACD Market Data. Figures for week 22 (29 May to 4 June) show a decrease of -6% in tonnages and -1% in
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AIP Capital (AIP), a global aviation asset management and investment firm, announced the closing of a US$230 million acquisition facility. The non-recourse facility provides financing for the purchase of seven Boeing 737 MAX 8 aircraft, that have been delivered or are scheduled to be newly delivered between 2021 and 2023, and are on long-term leases,
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Adams Rite Aerospace has extended its exclusive partnership with Wencor as its distributor supporting the commercial aftermarket in Europe, Middle East, the Americas, and Japan through a multi-year agreement. The agreement includes the full range of Adams Rite solutions for the commercial aftermarket including cockpit security, lavatory products, and hardware. Customers will continue buying Adams
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