Joramco and TUI have signed a new maintenance contract covering five B787 aircraft © Joramco

Joramco and TUI sign new maintenance agreement

Joramco, the Amman-based aircraft maintenance, repair, and overhaul (MRO) facility and engineering arm of Dubai Aerospace Enterprise (DAE), has reached a new maintenance agreement with TUI, highlighting the ongoing and robust partnership between the two companies. This agreement ensures continued collaboration for the long term. This agreement marks another milestone in the successful collaboration of […]

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NAC posts full-year 2023 net income of US$72 million

Financial

Nordic Aviation Capital (NAC) has released its annual financials for the year ended December 31, 2023. Key highlights include a net income of US$72 million, total available liquidity of US$856 million, and total assets of US$3.8 billion at year-end. The net debt stood at US$1.85 billion, with book equity reaching US$736 million. NAC owns 270

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Safran bizjet nacelle and CFM International RISE engine © Safran Nacelles/CFM International

Safran completes acquisition of 3D Metal Forming (3DMF)

Financial

Safran Nacelles has completed the acquisition of 3D Metal Forming (3DMF), a company specialised in high-energy hydro forming (HEHF) of metal parts. This innovative manufacturing process reinforces Safran Nacelles’ capacity to develop and produce parts for nacelles and engines, including nozzles and air inlet lips. HEHF is also an enabling technology for manufacturing monolithic integrated

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Boeing explores acquisition talks with Spirit AeroSystems

Financial

Boeing has revealed on Friday, March 1, its preliminary discussions regarding the potential acquisition of Spirit AeroSystems, its former subsidiary, as part of the company’s strategic response to a crisis triggered by a mid-air panel blowout on January 5. The aerospace giant, aiming to regain control in the aftermath of the incident, expressed confidence that

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Volocopter has received production organisation approval from LBA

Volocopter attains key approval for VoloCity production

MRO & Production

Volocopter, a trailblazer in urban air mobility (UAM), has announced a pivotal achievement, securing the production organisation approval (POA) extension from the German Federal Aviation Office (Luftfahrtbundesamt or LBA). This endorsement authorises the in-house production of the VoloCity aircraft at Volocopter’s state-of-the-art facilities in Bruchsal, Germany, unveiled in April 2023. In an industry first, Volocopter

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Ryanair will purchase up to 360,000 tonnes of SAF from Shell between 2025 and 2030 © Ryanair

Ryanair anticipates only 40 of 57 planned B737 deliveries for peak S24

Other News

On March 1, Ryanair confirmed that Boeing now expects to deliver only 40 out of the initially planned 57 B737-MAX 8-200 aircraft slated for delivery to Ryanair before the conclusion of June 2024. The current summer 2024 (S24) schedule, which was based on receiving a minimum of 50 B737 aircraft, will undergo adjustments, leading Ryanair

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Image of Icelandair Airbus A321neoXLR © P&W

Icelandair opts for Pratt & Whitney GTF engines to power A320neos

Aircraft & Engines

Icelandair has opted for Pratt & Whitney (P&W) GTF engines to propel up to 35 new Airbus A320neo-family aircraft, encompassing both leased and purchased A321XLR and A321LR models. This marks Icelandair’s inaugural collaboration with Pratt & Whitney as a GTF customer. The airline has also committed to an EngineWise® agreement for the comprehensive maintenance, repair

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Official delivery ceremony of two F-16 Block 70 jets to the Republic of Slovakia © Lockheed Martin

Republic of Slovakia takes delivery of first two F-16 Block 70 jets

Military & Defense

In a ceremony held at Lockheed Martin’s Greenville facility, delegates from the Republic of Slovakia have taken delivery of the country’s first two F-16 Block 70 aircraft. The delivery marks a new era in European air defence, underscoring the deepening partnership between the two allied nations. F-16 Block 70 fighter jets will help the Slovak

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Skytrans Airlines is now part of the Avia Solutions Group © Avia Solutions Group

Avia Solutions Group concludes acquisition of Skytrans Airlines

Financial

Avia Solutions Group has successfully concluded the acquisition of Australian airline Skytrans. Specialising in regular public transport (RPT) and charter operations, Skytrans boasts a fleet of 13 regional aircraft. The strategic acquisition secures an Australian Air Operator Certificate (AOC) for Avia Solutions Group, opening avenues for both passenger and cargo flight operations. This move positions

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Image of Safran's new facility in Rennes, France © Safran

Safran to establish state-of-the-art facility in Brittany, France

MRO & Production

Safran Aircraft Engines has unveiled plans to establish a cutting-edge foundry in Rennes, Brittany, France, dedicated to the production of turbine blades for its key engine programmes: the M88 in the defence sector and the CFM International LEAP in commercial aviation. The operations will be consolidated under the newly formed entity, Safran Turbine Airfoils, situated

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Joramco and TUI sign new maintenance agreement

NAC posts full-year 2023 net income of US$72 million

Safran completes acquisition of 3D Metal Forming (3DMF)

Boeing explores acquisition talks with Spirit AeroSystems

Volocopter attains key approval for VoloCity production

Ryanair anticipates only 40 of 57 planned B737 deliveries for peak S24

Icelandair opts for Pratt & Whitney GTF engines to power A320neos

Republic of Slovakia takes delivery of first two F-16 Block 70 jets

Avia Solutions Group concludes acquisition of Skytrans Airlines

Safran to establish state-of-the-art facility in Brittany, France

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