AAR CORP. has entered into a definitive agreement with Triumph Group to purchase Triumph Product Support for US$725 million in cash. As part of the transaction, AAR expects to receive estimated tax benefits with a present value of approximately US$80 million. Including the estimated tax benefits, the effective purchase price multiple is expected to be […]
AAR to acquire Triumph Group’s Product Support business Read More »
SWISS’ cabin personnel will be working under a new collective labour agreement (CLA) from January 1, 2024. The members of the kapers cabin crew union have approved the proposed new CLA by referendum by a 79,1-per-cent majority with a voter turnout of 87.6 per cent. The new agreement marks the final milestone in SWISS’ post-COVID
SWISS’s cabin personnel approves new collective labour agreement Read More »
easyJet partner Rolls-Royce has announced the start of a new set of ground-breaking hydrogen research tests. Both Rolls-Royce and easyJet are committed to being at the forefront of the development of hydrogen combustion engine technology capable of powering a range of aircraft, including those in the narrow-body market segment, from the mid-2030s onwards. The latest
easyJet and Rolls-Royce continue to progress hydrogen research programme Read More »
Sunclass Airlines , the Danish leisure airline, has received its inaugural Airbus A321neo aircraft from the Airbus facility in Hamburg, Germany. This acquisition aligns with Sunclass Airlines’ strategic commitment to advancing operational efficiency while concurrently reducing fuel consumption and emissions. By incorporating the A321neo into its fleet alongside the A330neo, Sunclass Airlines is transitioning into
Danish leisure airline Sunclass Airlines takes delivery of its first A321neo Read More »
Panasonic Avionics has signed an agreement with Icelandair for the installation of its Astrova in-flight entertainment (IFE) solution and a suite of digital solutions on the airline’s new fleet of Airbus A321neo LR aircraft. Panasonic Avionics’ Astrova seat-end IFE solution will be installed throughout Icelandair’s A321neo LR aircraft, with 16-inch monitors in Business Class and
Icelandair to enhance passenger experience with Astrova Read More »
The International Air Transport Association (IATA) and the oneworld Alliance will work together in the field of CO2 emission calculations with all 13 oneworld® member airlines committing to contributing operational data to IATA’s CO2 Connect emissions calculator. This will further improve the quality and accuracy of the tool, as the percentage of airline-specific fuel burn data used
oneworld joins IATA CO2 connect Read More »
LATAM group (LATAM) has announced an order for five more Boeing 787 Dreamliners to continue advancing its commitment to be more efficient and sustainable. The purchase ranks the South American airline group as the largest operators of Dreamliners in Latin America. With this order, together with the already scheduled deliveries of this model in the
LATAM group orders five additional Boeing 787 Dreamliners Read More »
