August 8, 2024

Qantas reduces executive remuneration

Qantas‘ Board has finalised its decisions regarding executive remuneration for FY23, implementing significant reductions in response to recent challenges and reputational damage. Last September, the Board announced a 20% reduction in short-term incentives for members of the Group Management Committee, recognising the brand and customer impacts from various cumulative events, including operational disruptions and legal […]

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PPS®X00 engine mounted on its test plate

Safran expands U.S. manufacturing for satellite propulsion systems

Other News

Safran Electronics & Defense is expanding its U.S. manufacturing capabilities to produce small satellite propulsion systems, addressing increasing demand in both commercial and defence sectors. Announced at the 2024 Small Satellite Conference in Logan, Utah, this initiative aims to support the North American small satellite market’s projected growth, expected to exceed US$5 billion by 2030.

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ATSG promotes Todd France to Chief Commercial Officer

People

Air Transport Services Group (ATSG) has promoted Todd France to Chief Commercial Officer (CCO). In this role, France will oversee commercial activities for all ATSG companies and report to ATSG President Jeff Dominick. “Todd has been President of two of our business units and is uniquely qualified for this role,” said Dominick. “He has demonstrated

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Rolls-Royce wins order for 60 Trent 7000 engines from Cathay Pacific

Aircraft & Engines

Cathay Pacific has placed an order for 60 Rolls-Royce Trent 7000 engines to power its newly ordered fleet of 30 Airbus A330-900 aircraft. Concurrently, the airline has signed a TotalCare service agreement to cover this fleet. TotalCare offers operational certainty by transferring time-on-wing and maintenance cost risks to Rolls-Royce. This premium service is supported by

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Air Canada’s second-quarter net income down

Financial

Air Canada has reported second-quarter operating revenues exceeding CA$5.5 billion and an adjusted EBITDA of CA$914 million. Demand remained strong, with load factors surpassing historical averages, and the airline improved its on-time performance by 10 percentage points compared to the previous year, despite increased flight activity. The airline transported 11.6 million customers during the quarter

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Air Asiana Cargo will be sold to Air Incheon © AirTeamImages

Asiana Airlines’ cargo unit sold to Air Incheon

Financial

Asiana Airlines‘ cargo unit will be sold to South Korean cargo carrier Air Incheon for 470 billion won (US$342 million), Korean Air Lines announced on Wednesday, according to REUTERS news agency. The EU competition regulator in June approved Air Incheon as the preferred bidder to buy Asiana’s cargo business, as a condition of approval for

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Qantas reduces executive remuneration

Safran expands U.S. manufacturing for satellite propulsion systems

ATSG promotes Todd France to Chief Commercial Officer

Rolls-Royce wins order for 60 Trent 7000 engines from Cathay Pacific

Air Canada’s second-quarter net income down

Asiana Airlines’ cargo unit sold to Air Incheon

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8 August 2024

Qantas reduces executive remuneration

Safran expands U.S. manufacturing for satellite propulsion systems

ATSG promotes Todd France to Chief Commercial Officer

Rolls-Royce wins order for 60 Trent 7000 engines from Cathay Pacific

Air Canada’s second-quarter net income down

Asiana Airlines’ cargo unit sold to Air Incheon

Stay Connected

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