Aircraft lessor Azorra has reported the closing of a US$988 million debt financing facility, including a US$750 million revolving credit facility (RCF) and a US$238 million recourse debt financing. Overwhelming investor demand led to a significant oversubscription of the financing, prompting a Day 1 increase of the RCF from US$500 million to US$750 million through […]
Azorra secures US$988 million debt financing facility Read More »
Brussels Airlines has reported an adjusted EBIT of €11.6 million for the second quarter of 2024, a decline compared to Q2 2023, primarily due to lower production. The airline has expanded its fleet with an additional Airbus A330 and introduced Nairobi as a new long-haul destination. Despite the weaker quarterly results, Brussels Airlines expects a
Brussels Airlines reports Q2 2024 EBIT of €11.6 million Read More »
World Fuel Services and World Fuel Services (World Fuel), a World Kinect company, have announced a new commercial agreement to bring the first regular supply of blended sustainable aviation fuel (SAF), provided by Valero Marketing and Supply Company (Valero), to John F. Kennedy International Airport (JFK) as early as the fourth quarter of 2024. Under
JetBlue secures SAF-supply for JFK Read More »
IBA’s latest Aviation Industry Barometer revealed that international flight volumes have grown dramatically by 12.5% year-on-year, while domestic travel showed more modest growth at 4.5% year-on-year. IBA’s leading aviation intelligence platform, IBA Insight, further indicated that in the second quarter of 2024, there were approximately 8.89 million commercial passenger flights, marking a year-on-year increase of
IBA reports strong growth in international flight volumes Read More »
Textron expands repair solution for Cessna Citation 560XL main landing gear Textron Aviation (Textron) has announced the expansion of its service offerings to include a new standard repair process for the Cessna Citation 560XL series of aircraft main landing gear (MLG). The new solution, developed in collaboration with the company’s affiliate, Able Aerospace Services, allows
Textron expands repair solution for Cessna Citation 560XL main landing gear Read More »
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 »
