Lufthansa Group’s balance sheet presentation in Frankfurt on Thursday, March 7, revealed not only the successful recovery from the pandemic, but also the challenges that lie ahead for the company. The positive aspects include a Group net profit of €1.7 billion, a 15% increase in revenue to €35.4 billion and an adjusted EBIT of €2.7 […]
Worldwide air cargo demand was up by 13% in the first two months of this year, compared with the equivalent period last year, with demand continuing to surge from the Middle East & South Asia (MESA) origins, and tonnages recovering from the normal Lunar New Year (LNY) seasonal dip, analysis by WorldACD Market Data reveals.
Air cargo demand up 13% in first two months of 2024 Read More »
SKYCO International Financial Leasing Co. (SKYCO Leasing) a state-owned enterprise belonging to China’s Guangdong Province, and Airbus Helicopters have signed a contract for six H175 helicopters. Entrusted by the Guangdong Provincial Government, SKYCO Leasing is in charge of leading the aviation industry development in the province. The versatile H175 helicopters acquired by SKYCO Leasing will
SKYCO Leasing orders six H175 helicopters Read More »
AerCap has entered into a seven-year component sale-and-leaseback agreement with OEMServices S.A.S. (OEMServices). This strategic move underscores the ongoing collaboration between the two entities and marks a substantial development in their partnership. As part of this comprehensive agreement, AerCap Materials, an integral arm of AerCap, will provide an extensive inventory of crucial Airbus A220 aircraft
AerCap signs component deal with OEMServices Read More »
At Doha International Maritime Defence Exhibition and Conference (DIMDEX), Safran Aircraft Engines and the Qatar Armed Forces have signed a services agreement to support M88 engines powering Qatar’s current fleet of 36 Rafale fighter aircraft. This services agreement provides the Qatar Armed Forces with a wide-range of services, from spares, repairs and overhauls to detailed
Qatar Armed Forces, Safran ink support agreement for M88 engines Read More »
Airbus has showcased its fully electric CityAirbus NextGen prototype to the public, in anticipation of its inaugural flight later this year. Weighing in the two-tonne class and boasting a wingspan of approximately 12 metres, the CityAirbus is designed with an 80 km range and a cruise speed of 120 km/h, making it an ideal candidate
Airbus showcases CityAirbus NextGen prototype to public Read More »
