Brazilian airline Azul Linhas Aereas has finalised negotiations with its aircraft lessors and creditors, securing up to US$500 million in new financing from bondholders. As part of the agreement, Azul will receive US$150 million immediately, another US$250 million by the year’s end and a further US$100 million soon after. Additionally, cost reductions negotiated with certain […]
Azul secures US$500 million in new financing Read More »
Boeing and LATAM Airlines Group, South America’s foremost passenger and cargo airline group, have announced the purchase of ten additional 787 Dreamliners, with options for a further five aircraft. This investment strengthens LATAM’s position as the largest operator of 787s in the region Currently, LATAM operates a fleet of 37 Boeing 787-8 and 787-9 aircraft.
LATAM Airlines strengthens fleet with new Boeing 787 order Read More »
The Lufthansa Group achieved record third-quarter (Q3) revenue of €10.7 billion, a 5% increase from the previous year’s €10.3 billion, primarily due to an increase in flight numbers and a boost in Lufthansa Technik’s performance. This strong revenue result marked the most successful quarter in the Group’s history. However, profitability faced pressure as Adjusted EBIT
Lufthansa Group achieves record Q3 revenue despite profit decline Read More »
Dubai Aerospace Enterprise (DAE) has signed an agreement to acquire ten narrow-body, next-generation aircraft for an aggregate consideration of approximately US$0.5 billion. This latest addition to DAE’s portfolio consists entirely of aircraft currently leased to four airlines operating in four different countries. In conjunction with this acquisition, DAE has also facilitated the purchase and sale
DAE expands fleet with acquisition of ten next-generation aircraft Read More »
General Atomics AeroTec Systems GmbH (GA-ATS) has announced the successful certification of its in-house Do228 flight simulator to FTD Level 2, a notable advancement for the company and testament to the expertise of its team. This certification, an upgrade from the simulator’s previous FNPTII level, represents a milestone in GA-ATS’s commitment to cutting-edge pilot training.
GA-ATS achieves FTD Level 2 certification for Do228 simulator Read More »
In a significant step for India’s Aerospace and Defence sector, Tata Advanced Systems Limited (TASL) and Airbus have inaugurated the country’s first final assembly line (FAL) for military aircraft in Vadodara, Gujarat. As part of a pioneering ‘Make in India’ project, this facility will produce 56 Airbus C295 aircraft for the Indian Air Force (IAF),
Tata, Airbus open India’s first final assembly line for C295 aircraft Read More »
Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) has announced a new partnership with LOT Polish Airlines (LOT) to support its LEAP-1B engines. Formalised at the MRO Europe 2024 in Barcelona, this collaboration reflects AFI KLM E&M’s commitment to assisting LOT in its fleet renewal efforts. LOT, which operates one of Europe’s youngest
AFI KLM E&M collaborates with LOT for LEAP-1B engine support Read More »
The Czech Ministry of Defence (MoD) has signed a contract to acquire two Embraer C-390 Millennium multi-mission transport aircraft to modernise and strengthen the Czech Air Force. These NATO-standard aircraft will enhance the force’s operational capabilities, supporting missions ranging from tactical transport of troops, vehicles, and equipment to medical evacuations, firefighting, disaster response, humanitarian aid,
Czech MoD acquires Embraer C-390 Millennium aircraft Read More »
The Norwegian Group has reported a strong third quarter in 2024, achieving an operating profit (EBIT) of NOK 2,128 million, reflecting an 18.4% operating margin. The group saw increased capacity and improved load factors, supported by Widerøe’s milestone of carrying over one million passengers in a single quarter. The quarter’s financial highlights include a pre-tax
Norwegian Group reports strong Q3 2024 with record passenger growth Read More »
StandardAero has renewed its engine service arrangement with the Pinnacle Air Network, a coalition of 18 reputable independent fixed base operators (FBOs), maintenance, repair and overhaul providers, and aircraft sales and charter companies situated across North America. Under this agreement, StandardAero will provide MRO services for various engine platforms, including the Pratt & Whitney Canada
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