Boeing has appointed aerospace industry veteran Robert “Kelly” Ortberg as its new President and CEO, as the embattled planemaker strives to restore its reputation and stabilise its business. Ortberg previously led aerospace supplier Rockwell Collins before it was incorporated into aerospace and defence giant RTX. He is set to take up his new role on […]
Boeing appoints Robert Ortberg as new President and CEO Read More »
Chorus Aviation 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 for
Chorus Aviation sells RAL segment for CA$1.9 billion in strategic shift Read More »
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
Airbus reports H1 2024 financial results: revenues rise, profits decline Read More »
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
FAA authorises historic commercial drone flights in Dallas Read More »
EPCOR BV, the AFI KLM E&M centre of excellence for the repair of APUs and components, has acquired the HGT1700 auxiliary power unit (APU) maintenance capability for the Airbus A350 aircraft. This strategic expansion enables EPCOR to offer comprehensive MRO services for this relatively new aircraft starting from July 2025. The HGT1700 APU, manufactured by
EPCOR BV acquires A350 APU maintenance capability Read More »
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
Guangxi Beibu Gulf Airlines takes delivery of first A320neo from CDB Aviation Read More »
Global aviation logistics and aftermarket services provider VAS Aero Services (VAS) has secured an additional 17 Airbus A320 airframes for teardown and used serviceable material (USM) parts redistribution. This brings to 23 the total number of A320s that VAS has acquired in just the past six months as part of the company’s growth initiative to
VAS Aero Services secures 17 more A320s for teardown Read More »
The Lufthansa Group has increased its second-quarter revenues by seven percent to 10 billion euros in 2024 (prior-year period: 9.4 billion euros). The Group recorded an operating profit, or Adjusted EBIT, of 686 million euros (prior-year period: 1.1 billion euros). The Group net result amounted to 469 million euros (prior-year period: 881 million euros). The
Lufthansa Group faces profit decline despite revenue growth in Q2 2024 Read More »
