Dronamics, the first cargo drone airline with a license to operate in Europe, and Hellenic Post (ELTA) have signed an LOI to bring the first postal services by cargo drone to Greece. Dronamics, which designs, develops and operates cargo drones, will be providing middle-mile deliveries to Hellenic Post (ELTA), the national postal service for Greece. […]
Belgium’s national airline and member of the Lufthansa Group, Brussels Airlines, has taken delivery of its first out of five new A320neo aircraft. The A320neo is part of the airline’s fleet renewal strategy to operate the latest state-of-the-art, efficient aircraft in order to meet Brussels Airlines’ ambitious sustainability targets. The A320neo incorporates the latest technologies, including new-generation
Brussels Airlines welcomes first A320neo aircraft Read More »
Lufthansa Technik (LHT) is heading for yet another record annual result after it had already achieved a new Adjusted EBIT record of €554 million last year. An even better result is now expected for the full year 2023. The company had initially expected an Adjusted EBIT at a comparable level to the previous year, but
Lufthansa Technik posts successful third-quarter, raises annual forecast Read More »
Falko Regional Aircraft Limited, the asset manager and aircraft lessor exclusively dedicated to the regional aircraft sector, has announced the procurement of four CRJ900 aircraft that are currently on lease to Air Canada. These aircraft have been acquired by Falko from the global alternative investment manager Castlelake, acting on behalf of Falko’s managed fund, Falko
Falko acquires four CRJ900 aircraft on lease to Air Canada Read More »
Nasmyth has announced the appointment of James Larner as its new Chief Financial Officer (CFO). In his new position Larner will be responsible for the group’s financial and IT decision-making and support the Board with strategy formation and execution. He was most recently CFO for DeterTech Group, an intelligence-led security solutions business and managed the
Nasmyth welcomes James Larner as new Chief Financial Officer Read More »
Dubai Aerospace Enterprise (DAE) has reported its financial results for the nine months ended September 30, 2023. The company reported revenues of US$989.2 million, compared to US$853.9 million in 2022 and profit before tax and exceptional items of US$207.5 million, compared to US$200.6 million for the same period in 2022. In the third quarter of
DAE reports financial results for the nine months ended September 30, 2023 Read More »
Satair has released that it has established a legal entity, Satair (Chengdu) Co., Ltd, in China. The creation of this new legal entity supports Satair’s commercial strategy of ramping up used serviceable material (USM) growth and localising services to support the substantial growth expected in both the Chinese and global commercial aviation USM markets, +40%
Satair to establish Satair (Chengdu), in China Read More »
