January 31, 2024

CDPQ, SMBC Aviation Capital form US$1.5 billion aircraft financing platform

Global investment group CDPQ and SMBC Aviation Capital, one of the world’s leading aircraft leasing companies, have officially completed an agreement to establish a US$1.5 billion global aircraft financing and leasing platform dedicated to modern, fuel-efficient NextGen aircraft. The platform will target worldwide opportunities in new-technology aircraft, with an initial deployment of US$500 million per […]

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Mark Drusch joins Qatar Airways Cargo as Chief Officer Cargo

Traffic

Mark Drusch has been appointed as Chief Officer Cargo for Qatar Airways Cargo, effective immediately. With over 25 years in senior airline management roles, Drusch is a well-known figure in the aviation world. His most recent role was SVP Revenue Management, Alliances and Strategy at Qatar Airways where he led the development and implementation of

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The new E175 jets will be deployed across the Air Canada Express network © TrueNoord

TrueNoord leases two E175 jets to Air Canada

Aircraft & Engines

Specialist regional aircraft lessor TrueNoord has purchased two Embraer E175 jets on lease with Air Canada. The recent closing of this transaction marks the completion of TrueNoord’s acquisition of ten Embraer aircraft from Nordic Aviation Capital (NAC), first announced in January 2023. The aircraft are already deployed across the Air Canada Express network which flies

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IFS reports 33% software revenue growth for 2023

Financial

IFS, the global cloud enterprise software company, has released its financial results for the full year ending December 31, 2023. The company posted exceptional results with software revenue growth at 33% year-on-year and cloud revenue up 46% as new and existing customers accelerate the move to IFS Cloud, a market-leading single-cloud platform, allowing customers to

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Embraer's deliveries increased 13% in 2023 © Embraer

Embraer’s backlog for 2023 hits US$18.7 billion

Aircraft & Engines

Embraer reported the delivery of 75 aircraft in the fourth quarter of 2023 (4Q23), comprising 49 executive jets (30 light and 19 medium), 25 commercial jets, and one military C-390 jet. Despite facing supply chain challenges impacting 2023 deliveries, the company experienced a 13% increase compared to 2022, delivering a total of 181 aircraft. The

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Lilium and AJW Group arrange strategic collaboration

MRO & Production

AJW Group and Lilium N.V, developer of the first all-electric vertical take-off and landing (eVTOL) jet, have signed an agreement to develop global material services and distribution to support the Lilium Jet’s global aircraft operations and Lilium’s aftermarket services business. The strategic collaboration between Lilium and AJW will include the management of Lilium’s eVTOL spares inventory, the

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Etihad Cargo attains IATA CEIV lithium batteries certification

Other News

Etihad Cargo, the cargo and logistics arm of Etihad Airways, has achieved the International Air Transport Association‘s (IATA) Centre of Excellence for Independent Validators Lithium Batteries (CEIV Li-batt) certification. The carrier is the third Middle Eastern airline to attain this certification and has become only the fifth airline globally to achieve CEIV Pharma, Fresh, Live

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DAE and AAT have signed a pilot training MoU

DAE signs pilot training MoU with Ansett Aviation Training (AAT)

Other News

Dubai Aerospace Enterprise (DAE) has signed a Memorandum of Understanding (MoU) with Ansett Aviation Training (AAT), the Australia headquartered global operator of pilot simulator training centres. This MoU will promote the United Arab Emirates as a leading global aviation service provider and strengthen ties between DAE and AAT by supporting each other’s customer bases and

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