As part of the state visit by French President Emmanuel Macron to India, Akasa Air and CFM International have jointly revealed an agreement for the acquisition of CFM LEAP-1B engines to power 150 Boeing 737 MAX airplanes. The announcement follows the recent declaration of the sale of these aircraft. This comprehensive agreement encompasses spare engines […]
Akasa Air and CFM ink deal for over 300 LEAP-1B engines Read More »
Dubai Aerospace Enterprise (DAE) has reached an agreement with Turkish Airlines for the lease of ten new Boeing 737-8 aircraft. The aircraft are scheduled to deliver in 2025. Commenting on the agreement, Firoz Tarapore, Chief Executive Officer of DAE, said, “We are delighted to further deepen our already strong and long-term relationship with Turkish Airlines
DAE and Turkish Airlines sign long-term lease agreements Read More »
In response to the removal of its flights by certain online travel agents in December, Ryanair has revised its profit forecast for the fiscal year ending March 2024. The airline disclosed on Monday that it anticipates an after-tax profit ranging between €1.85 billion and €1.95 billion (US$2 billion to US$2.1 billion), marking a downward adjustment
Ryanair adjusts annual profit projection amidst online travel agents dispute Read More »
Liebherr-Aerospace Toulouse SAS has acquired the activities of SIBI SAS, a subsidiary of the industrial family group KEP Technologies. The acquisition of SIBI activities and its integration into the Liebherr Group have been effective since December 20, 2023. A new Liebherr legal entity called “Liebherr-Aerospace Montauban SAS” has been created and all SIBI SAS employees
Liebherr-Aerospace acquires SIBI SAS Read More »
Against the backdrop of improved market conditions in 2023, Jackson Square Aviation (JSA) has reported a year of stability and recovery for the majority of the world’s airlines. JSA’s strategic initiatives during this period included the expansion of its fleet, with the addition of 32 aircraft through sale and leaseback as well as finance lease
JSA unveils key business transactions for fiscal-year 2023 Read More »
Mesa Air Group has reported that its fiscal full-year 2023 results reflect a net loss of US$120.1 million, compared to a net loss of US$182.7 million for fiscal full-year 2022. Mesa’s fiscal full-year 2023 adjusted net loss was US$79.5 million versus adjusted net loss of US$40.2 million in fiscal full-year 2022. Total operating revenues for
Mesa Air Group reports full-year 2023 net loss of US$120.1 million Read More »
SMBC Aviation Capital has reported the delivery of one Airbus A320-271NX aircraft (MSN 11786) to JetSMART Airlines. The aircraft was delivered while located at the Airbus delivery centre in Mobile, Alabama. This is the fourth of five aircraft contracted between SMBC Aviation Capital Limited and JetSMART Airlines (two A320neos plus three A321neos) from the company’s
SMBC Aviation Capital delivers Airbus A320-271NX to JetSMART Read More »
GOL Linhas Aéreas Inteligentes S.A. and its subsidiaries have voluntarily initiated Chapter 11 proceedings in the United States Bankruptcy Court for the Southern District of New York (the U.S. Court). Chapter 11, a U.S. legal framework, is employed by businesses to secure capital, restructure finances, and strengthen long-term business operations while maintaining normal functionality. As
GOL to use United States Chapter 11 process to strengthen financial position Read More »
For the full year, American Airlines (American) produced revenue of nearly US$53 billion. In the fourth quarter, the company generated revenue of more than US$13 billion and an operating margin of 5.0% on a GAAP basis. Excluding the impact of net special items, American produced an operating margin of 5.1% in the fourth quarter, exceeding
American post full-year revenue of US$53 billion Read More »
It has been 40 years since the creation of the first 3-D printed part, and the industry has made its mark on the manufacturing world and become an essential part of the defence industrial supply chain. 3-D printing, or additive manufacturing, will be a US$36 billion industry by 2025 and US$70.8 billion by 2030, registering
3-D printing a US$70.8 billion industry by 2030 says GlobalData Read More »
