6 November 2023

SAS

Scandinavian Airline SAS secures US$1.21 billion investment from consortium

SAS has successfully secured a substantial investment agreement, totalling 13.2 billion Swedish crowns (US$1.21 billion), through a consortium that includes Air France-KLM, Lind Invest ApS, and the Danish state. This agreement marks a significant milestone in SAS’s restructuring efforts, with Castlelake providing a loan to replace the previous debtor-in-possession financing from Apollo Global Management. Notably, …

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Southwest Airlines has signed an off-take agreement with USA BioEnergy for up to 680 million gallons of SAF

Southwest to purchase up to 680 million gallons of SAF from USA BioEnergy

Southwest Airlines (Southwest) has announced an off-take agreement with USA BioEnergy, LLC (USA BioEnergy), for up to 680 million gallons of neat sustainable aviation fuel (SAF). Over the term of the 20-year agreement, once blended with conventional jet fuel, the SAF could produce the equivalent of 2.59 billion gallons of net-zero fuel and avoid 30 million …

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The ten-year milestone was celebrated at an event on October 26, 2023 in Qingdao

RECARO celebrates tenyears in Qingdao; completes facility expansion

RECARO Aircraft Seating (RECARO) has celebrated a decade of success at its facility in Qingdao, China. The milestone was marked with an event on October 26, 2023, with distinguished guests including customers, VIPs, suppliers and the RECARO leadership team in attendance. “Reaching the ten-year milestone is an exciting accomplishment, not just for the Asia Pacific …

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Cebu Pacific Air

flydocs signs five-year partnership renewal with Cebu Pacific Air

Digital records and asset management solution provider flydocs, has announced a five-year extended software deal with Cebu Pacific Air (CEB), the Philippines’ leading carrier, to digitise and automate processes of daily records and asset management of its fleet of over 80 aircraft. The renewed partnership will benefit Cebu Pacific Air with a seamless interface through …

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GE engine

GKN Aerospace and GE strengthen existing partnership with wide-ranging new agreement

GKN Aerospace and GE have deepened their long-term partnership on a series of industry-leading engines including the GEnx programme, the fastest-selling high-thrust engine. The new agreement focuses on three key areas: new technology insertion, fan case production and assembly and repair of high volume, complex engines structures. The ground-breaking technology insertion programmes on the GEnx …

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Ryanair

Ryanair posts profit of €2.18 billion in first half of FY 2024

Ryanair has reported that in the first half of FY2024 scheduled revenues increased 37% to €6.1 billion, traffic grew 11% to 105.4 million, while average fares rose 24% to €58 due to a strong Easter and record summer 2023 demand. Ancillary revenue increased 14% to €2.5 billion (€23.70 per passenger). In the total first-half of FY24 revenue …

Ryanair posts profit of €2.18 billion in first half of FY 2024 Read More »

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