18 August 2023

Swissport acquires majority stake in Flughafen Düsseldorf Cargo

Financial

Swissport Deutschland GmbH (Swissport) has successfully completed its acquisition of a 74.9% stake in Flughafen Düsseldorf Cargo GmbH (Flughafen Düsseldorf) for the creation of a cargo joint venture which will operate under the name of Swissport DUS Cargo Services GmbH. The new partnership came into effect on August 17. The completion of the deal follows […]

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Serve Air cargo loading

Weekly air cargo trends show tonnages fall further while rates hold firm

Traffic

Average global air cargo rates have stabilised in the last five weeks at around -37% below their levels this time last year – still being more than +30% above their comparable pre-COVID levels – while the decreasing trend in global tonnages continued into the first full week of August, with volumes around -4% year-on-year, according

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Scott Powell joins Boom to lead Symphony’s advancing engine programme

Scott Powell, former Boeing senior engineering leader joins Boom

People

Boom Supersonic (Boom) has released that Scott Powell, a former senior engineering leader at Boeing, is joining Boom as Senior Vice President of Symphony, the propulsion system for Overture.  “We’ve made significant design progress on Symphony,” said Blake Scholl, founder and CEO of Boom. “Adding Scott’s leadership and experience overseeing certifications for a wide range

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A rendering of the Transonic Truss-Braced Wing X-66A aircraft in NASA’s Sustainable Flight Demonstrator livery

NASA, Boeing mark milestone for experimental aircraft project

MRO & Production

Boeing has ferried an MD-90 airplane from Victorville, California, to Palmdale, where it will be modified to test the Transonic Truss-Braced Wing (TTBW) configuration as part of NASA’s Sustainable Flight Demonstrator project.  The X-66A is NASA’s first experimental plane focused on helping the U.S. achieve its goal of net-zero aviation greenhouse gas emissions. Modification will

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BOC Aviation has closed a self-arranged club loan transaction

BOC Aviation delivers strong performance in the first half of 2023

Financial

BOC Aviation has released its unaudited financial outcomes for the six-month period concluding on June 30, 2023. BOC Aviation posted a net profit after tax (NPAT) of US$262 million during the initial half of 2023. This success was propelled by an upsurge in lease rental earnings, coinciding with the upward trajectory of global passenger travel.

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ENVISION Tasks is designed for the paperless execution of aircraft maintenance

TGIS Aviation select Rusada’s ENVISION for new CAMO service

Information Technology

Engine and aircraft consultancy TGIS Aviation has chosen Rusada’s software solution ENVISION to support its new line of CAMO services. TGIS Aviation, based out of Derbyshire, United Kingdom, is a leading independent consultancy specialising in comprehensive aircraft and engine services for airline operators, lessors and business aircraft owners worldwide. With the imminent launch of its

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