Global air cargo has yet to see any significant uplift from the recent disruptions to container shipping in the Red Sea, according to the latest figures from WorldACD Market Data, although there is likely to be some conversion of sea freight to air freight in the coming weeks if the disruptions continue. Preliminary figures for the […]
Global cargo tonnages for full year 2023 ended up -5% lower than 2022 Read More »
In December 2023 Finnair carried 878,200 passengers, which was 5.4% more than in December 2022 and 8.2% more than in November 2023. The overall capacity, measured in Available Seat Kilometres (ASK), increased in December by 7.8% year-on-year and by 8.5% month-on-month. Finnair’s traffic, measured in Revenue Passenger Kilometres (RPKs), increased by 5.1% year-on-year and by
Finnair reports strong December 2023 passenger numbers Read More »
AAR CORP. has signed a new multi-year agreement with Ontic, providing AAR distribution rights to supply a strategic selection of military products to the U.S. government, with exclusivity on specified parts. AAR currently provides military distribution support to Ontic’s Cheltenham, United Kingdom, facility and commercial distribution support to Ontic’s Creedmoor, North Carolina, facility. Under this
AAR and Ontic sign new multi-year military distribution agreement Read More »
In December 2023, Norwegian carried more than 1.3 million passengers and recorded a strong load factor of 83.6%, six-percentage points higher than December 2022. Throughout 2023, Norwegian carried over 20 million passengers, a 16% increase from the previous year. The capacity (ASK) was 2,013 million seat kilometres, down five percent from the same period last
Norwegian carries 1.3 million passengers in December Read More »
The Swiss aerospace group RUAG International has sold all shares in RUAG Aerostructures Germany & Hungary to the German Mubea Group at the end of December 2023. The final transfer of ownership (closing) marks another successful step in the implementation of RUAG International’s privatisation strategy. Over many decades, RUAG Aerostructures Germany & Hungary has continuously expanded
RUAG Aerostructures becomes part of Mubea Group Read More »
AerCap has announced its major business transactions for the full year and fourth quarter of 2023: In the full year of 2023, the company signed 592 lease agreements, completed 173 purchases and executed 188 sale transactions. They also received approximately US$1.3 billion in cash insurance settlement proceeds. AerCap repurchased around 44 million shares at an
AerCap leased, purchased and sold 953 assets in the full year 2023 Read More »
Envoy has announced the addition of 19 Embraer large regional jets to its fleet, comprising eight Embraer 175 and eleven Embraer 170 aircraft, with deliveries commencing later this year. This announcement complements Envoy’s fleet expansion throughout 2023, which included six E175s in March, seven E175s and five E170s in June and four E175s in October.
Envoy adds 19 large regional jets to its fleet Read More »
Swiss AviationSoftware (Swiss-AS), has strengthened its market presence with a significant change in ownership of its overseas offices, underlining its commitment to global expansion and enhanced customer service. Effective January 1, 2024, Swiss-AS has acquired full ownership of its AMOS offices in Miami (Americas), Singapore (Asia-Pacific) and Tokyo (Japan), which were initially opened and run
Swiss-AS changes ownership of overseas offices Read More »
STS Aviation Group, a renowned leader in the aviation services industry, has unveiled plans for the strategic relocation of its 145 Component/Seat Repair operations. The move, aimed at bolstering turnkey services for its expanding global customer base, will see the transfer of these capabilities from Shannon, Ireland, to STS Aviation Group’s expanded facility in Manchester,
STS Aviation Group relocates 145 Component/Seat Repair operations to Manchester Read More »
Travelport, a global technology company that powers travel bookings for hundreds of thousands of travel suppliers worldwide, has completed its previously announced financing transaction with a group of its existing equity holders and lenders who have invested US$570 million (£452 million) in new equity into the company. The new financing significantly deleverages the company’s balance
Travelport completes new equity financing Read More »
