31 July 2024

Shutterstock

Chorus Aviation sells RAL segment for CA$1.9 billion in strategic shift

Financial

Chorus Aviation (Chorus) has entered into an agreement to sell all assets in its Regional Aircraft Leasing (RAL) segment, including Falko Regional Aircraft Limited (Falko) and Chorus’ equity interests in the aircraft investment funds managed by Falko and its affiliates, to affiliates of investment funds managed by HPS Investment Partners (the transaction). The aggregate consideration […]

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Airbus plans to reduce divisional workforce by up to 2,500 positions

Airbus reports H1 2024 financial results: revenues rise, profits decline

Financial

Airbus has posted consolidated financial results for the half-year ended June 30, 2024. “The half-year financial performance mainly reflects significant charges in our space business. We are addressing the root causes of these issues,” said Guillaume Faury, Airbus Chief Executive Officer. “In commercial aircraft, we are focused on deliveries and preparing the next steps of

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FAA has authorised commercial drone flights without visual observers in the Dallas area airspace © Shutterstock

FAA authorises historic commercial drone flights in Dallas

Other News

In a groundbreaking development for U.S. aviation, the FAA has authorised commercial drone flights without visual observers in the Dallas area airspace. The authorisations for Zipline International and Wing Aviation permit them to deliver packages while maintaining safe separation using Unmanned Aircraft System Traffic Management (UTM) technology. In this system, the industry manages the airspace

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Beibu Gulf Airlines (GX Airlines) Airbus A320 © AirTeamImages

Guangxi Beibu Gulf Airlines takes delivery of first A320neo from CDB Aviation

Aircraft & Engines

Nanning-based Guangxi Beibu Gulf Airlines (Beibu Gulf Airlines; aka GX Airlines) has taken delivery of the first of two Airbus A320-200neo aircraft on lease from CDB Aviation. The first LEAP-1A26 engine-equipped aircraft was delivered to the HNA Group-affiliated subsidiary in July 2024, with the second aircraft anticipated to be received by the carrier in September

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Lufthansa Group

Lufthansa Group faces profit decline despite revenue growth in Q2 2024

Financial

The Lufthansa Group has increased its second-quarter revenues by seven percent to €10 billion in 2024 (prior-year period: €9.4 billion). The Group recorded an operating profit, or Adjusted EBIT, of €686 million (prior-year period: €1.1 billion). The Group net result amounted to €469 million (prior-year period: €881 million). The prime drivers here were the 11%

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