25 October 2023

Portuguese carrier TAP is being put up for sale by the government

TAP reports record profits of €180.5 million in Q3

Portugal’s flag carrier TAP Air Portugal (TAP) has posted a remarkable 62% surge in net profit for the third quarter, setting a new record at €180.5 million (US$192 million). This impressive financial performance was attributed to robust revenue growth and stringent cost controls, which significantly boosted operating margins, all while the company is gearing up …

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Turkish Airlines

AerCap inks deal with Turkish Airlines for new aircraft and lease extensions

AerCap has successfully secured an agreement with Turkish Airlines for a significant fleet expansion. The deal encompasses the lease of three new Boeing 787-9 aircraft, an additional 25 new MAX-8 aircraft and extensions for six used Airbus A330-200 aircraft. The newly acquired aircraft are set to be delivered between 2024 and 2026. Aengus Kelly, Chief …

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Three-in-one CNC machine

UK Starling Aerospace expands capability with biggest investment in 20 years

In response to significant growth in demand from private and commercial customers for bespoke aircraft interior refurbishment projects, Starling Aerospace has extended its design and manufacturing capability, thanks to a six-figure investment. The aircraft interiors specialist, located between London Heathrow and Gatwick Airports, has become the first and only UK aerospace company to operate a …

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Ron Draper (l) Textron Aviation and Captain Daniel Rudas, Hahn Air

Hahn Air becomes European launch customer for Citation CJ3 Gen2

Hahn Air has entered into a purchase agreement to be the European launch customer for the just-announced Cessna Citation CJ3 Gen2. The deal, inked during the National Business Aviation Association – Business Aviation Convention & Exhibition (NBAA-BACE) event at Las Vegas, also includes a new Cessna Citation Latitude. Both aircraft are expected to deliver in 2026. The …

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