Friday November 29, 2024
MTU Aero Engines AG has forecast continued growth and improved earnings for 2025, expecting revenues between €8.3 and €8.5 billion. Adjusted EBIT is projected to rise in the low-to-mid teens percentage range, with adjusted net income expected to grow in li...
Read More »Friday November 29, 2024
In the final week of November (week 47), global air cargo tonnages remained stable compared to the previous week, while rates continued to rise, reaching the highest levels of 2024. According to WorldACD Market Data, global average rates increased by 2% week-o...
Read More »Friday November 29, 2024
Avolon has delivered the first of 20 Airbus A330neo aircraft to Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines. The milestone delivery took place at Airbus' Delivery Centre in Toulouse, with the remaining aircraft scheduled for delivery...
Read More »Friday November 29, 2024
Air Canada will launch the next phase of its digital transformation on December 3, introducing digital identification as a boarding option for nearly all domestic flights at Vancouver International Airport (YVR). Building on a successful pilot project, Air Can...
Read More »Friday November 29, 2024
Falco has successfully finalised an aircraft portfolio transaction with Nordic Aviation Capital (NAC), acquiring four Embraer E190 aircraft on lease to Moroccan national carrier, Royal Air Maroc. This acquisition concludes the previously announced portfolio de...
Read More »Friday November 29, 2024
SOF Connect has entered into a strategic partnership with SITA, the air transport technology company, to revolutionise Sofia Airport's operations through the design and implementation of a state-of-the-art Airport Operations Management System. “This partners...
Read More »Thursday November 28, 2024
Adrien Dolimont, Minister-President of Wallonia, and Olivier Andriès, CEO of Safran, inaugurated the BeCOVER compressor test centre in Herstal, Liège, Belgium. The state-of-the-art 3,000 m² facility is designed to test advanced compressors for civil and mil...
Read More »Thursday November 28, 2024
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., has completed a sale transaction for two Airbus A330-200 aircraft with National Airlines (National). The Florida-based cargo and passenger charter services operator ...
Read More »Thursday November 28, 2024
Textron Aviation Defense has delivered five Beechcraft T-6C Texan II Integrated Training System aircraft to the Vietnam Air Defense Air Force (ADAF) at Phan Thiet Airbase. This milestone marks the first delivery under the Foreign Military Sales (FMS) programme...
Read More »Thursday November 28, 2024
easyJet, the British low-cost airline, reported on Wednesday, November 27, a profit before tax of £602 million for fiscal year 2024, up from £432 million in the previous year, driven by significant revenue growth. Excluding one-off items, headline profit bef...
Read More »Thursday November 28, 2024
ANA Aeroportos de Portugal, a subsidiary of VINCI Airports, has unveiled modernisation plans for Lisbon Humberto Delgado Airport with a €233 million investment. The contract for the project was signed with a consortium comprising Mota-Engil, VINCI Constructi...
Read More »Thursday November 28, 2024
Digital Alliance, a collaboration between Airbus, Delta TechOps, and GE Aerospace, aims to improve the accuracy of predictive maintenance recommendations, minimising operational interruptions and reducing costly “no fault found” scenarios. Liebherr-Aerospa...
Read More »Wednesday November 27, 2024
Mubadala Investment Company PJSC (Mubadala), Abu Dhabi's sovereign investor, and Safran, the French multinational aerospace and defence corporation, have unveiled a strengthened strategic framework to accelerate aerospace innovation and development in the UAE....
Read More »Wednesday November 27, 2024
Magnetic Line, a sub-brand of the global aviation enterprise Magnetic Group, has announced the appointment of Steven Williams as Managing Director, effective November 2024. This leadership transition underscores Magnetic Line's commitment to operational excell...
Read More »Wednesday November 27, 2024
Willis Sustainable Fuels (UK) Limited (WSFL) has entered into a master services agreement with McDermott, a fully-integrated provider of engineering and construction solutions to the energy industry, to provide early engineering, procurement and construction (...
Read More »Wednesday November 27, 2024
Avianor, an affiliate of DRAKKAR, has inaugurated its cutting-edge hangar at Montreal-Mirabel International Airport, home to its new A220 Centre of Excellence. Originally announced at Le Bourget – the Paris Air Show in June 2023 – construction of the A220 ...
Read More »Wednesday November 27, 2024
CommuteAir and Embraer have deepened their partnership by signing a contract for the Exchange Plus Programme to support CommuteAir's E-Jet fleet. This agreement allows the carrier to benefit from customised inventory management and repair services through Embr...
Read More »Wednesday November 27, 2024
Werner Aero has announced the acquisition of one Airbus A319-100 aircraft, MSN2558, from FTAI Aviation, a strategic decision aligned with its mission to provide top-tier aircraft components and innovative solutions to customers worldwide. The A319 airframe, cu...
Read More »Tuesday November 26, 2024
Deutsche Aircraft, the German aircraft manufacturer, has selected Honeywell to provide its Primus HF-1050 high-frequency (HF) radio system for the new 40-seat D328eco turboprop. The HF-1050 is engineered to deliver reliable global voice communications, with ad...
Read More »Tuesday November 26, 2024
Vertical Aerospace (Vertical), an aerospace and technology company at the forefront of electric aviation, has signed a term sheet with its majority shareholder Stephen Fitzpatrick and primary creditor Mudrick Capital Management. This agreement secures a US$50 ...
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