August 15, 2023

Turkish Airlines’ revenue up 13.5% – posts Q2 net profit of US$635 million

Turkish Airlines has seen its international passenger demand increase by 28% since 2019 pre-pandemic levels. For the second quarter of 2023 total revenue reached to US$5.1 billion increasing by 13.5% compared to the same period last year. Due to reduced global trade and earthquake impact, the carrier’s cargo revenues decreased by 44% year-over-year to US$600 …

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Thomas Bjorndal has been appointed CCO for Joramco

Thomas Bjorndal joins Joramco as Chief Commercial Officer

People

Joramco, the Amman-based aircraft maintenance, repair, and overhaul (MRO) facility and engineering arm of Dubai Aerospace Enterprise (DAE), has appointed Thomas Bjorndal’s as the new Chief Commercial Officer. Bjorndal is an aviation professional with an impressive track record spanning over four-decades. Throughout his career, he has excelled in both maintenance and commercials, holding leadership roles …

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AJW Group and Airblue renew Power-by-the-Hour agreement

MRO & Production

AJW Group, an independent aircraft component parts, repair, and supply chain solutions provider, has announced the renewal of its Power-by-the-Hour (PBH) agreement with Airblue in Pakistan. With this contract extension, Airblue reinforces its commitment to AJW and ensures exceptional fleet support for its five Airbus A320 and five Airbus A321 aircraft in addition to the …

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EASA approves TAM’s LPV-modification for Saab 2000

MRO & Production

TAM, Täby Air Maintenance, has developed a smart and easy-to-install LPV-modification kit for the Saab 2000 (LPV – localiser performance with vertical guidance). When installed, modified aircraft will be able to make high-precision approaches to any airport, where older ILS-systems have been replaced with a GPS-based LPV solution due to cost. The LPV or RNP …

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IAG signs agreement with Microsoft for global purchase of SAF

Other News

International Airlines Group (IAG) and Microsoft have signed the largest co-funded purchase agreement for Sustainable Aviation Fuel (SAF) emission reductions globally, where both parties are funding part of the cost of the supply. IAG’s industry-leading SAF programme has seen it commit to US$865 million in future SAF purchases and investments as of the end of …

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Embraer’s second-quarter 2023 revenue up 27% compared to 2022

Financial

Embraer has posted consolidated revenue of US$1,292 million in 2Q23 representing an increase of 27% YoY due to higher volumes in Commercial and Executive aviation with strong growth of 57.4% and 41.8% respectively. Commercial Aviation reported revenue growth of 57% YoY to US$ 471.9 million due to higher number of deliveries. Reported gross margin of 12.9% …

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The 737 family has been instrumental in supporting Southwest's sustained growth

Southwest Airlines to add crew base at Nashville International Airport (BNA)

Other News

Southwest Airlines has furthered its commitment to Nashville by announcing the addition of a crew base at Nashville International Airport (BNA) in the second quarter of 2024. Nashville will become the 12th crew base in the Southwest system with approximately 150-250 pilots, growing to 500-600 pilots and an estimated 500-700 flight attendants based in the new crew location …

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