Nordic Aviation Capital (NAC) has executed a sale agreement for two ATR 72-600s with DAT. DAT A/S, formerly named Danish Air Transport, is a Danish airline headquartered in Vamdrup, Kolding, operating 23 aircraft on scheduled regional flights from Northern Norway to Lampedusa in the Mediterranean. Additionally, it provides ACMI services on ATR and Airbus aircraft […]
NAC confirms sale agreements with DAT and Regional One Read More »
Aircraft lessor Azorra has reported the closing of a US$988 million debt financing facility, including a US$750 million revolving credit facility (RCF) and a US$238 million recourse debt financing. Overwhelming investor demand led to a significant oversubscription of the financing, prompting a Day 1 increase of the RCF from US$500 million to US$750 million through
Azorra secures US$988 million debt financing facility Read More »
Brussels Airlines has reported an adjusted EBIT of €11.6 million for the second quarter of 2024, a decline compared to Q2 2023, primarily due to lower production. The airline has expanded its fleet with an additional Airbus A330 and introduced Nairobi as a new long-haul destination. Despite the weaker quarterly results, Brussels Airlines expects a
Brussels Airlines reports Q2 2024 EBIT of €11.6 million Read More »
World Fuel Services and World Fuel Services (World Fuel), a World Kinect company, have announced a new commercial agreement to bring the first regular supply of blended sustainable aviation fuel (SAF), provided by Valero Marketing and Supply Company (Valero), to John F. Kennedy International Airport (JFK) as early as the fourth quarter of 2024. Under
JetBlue secures SAF-supply for JFK Read More »
IBA’s latest Aviation Industry Barometer revealed that international flight volumes have grown dramatically by 12.5% year-on-year, while domestic travel showed more modest growth at 4.5% year-on-year. IBA’s leading aviation intelligence platform, IBA Insight, further indicated that in the second quarter of 2024, there were approximately 8.89 million commercial passenger flights, marking a year-on-year increase of
IBA reports strong growth in international flight volumes Read More »
Textron expands repair solution for Cessna Citation 560XL main landing gear Textron Aviation (Textron) has announced the expansion of its service offerings to include a new standard repair process for the Cessna Citation 560XL series of aircraft main landing gear (MLG). The new solution, developed in collaboration with the company’s affiliate, Able Aerospace Services, allows
Textron expands repair solution for Cessna Citation 560XL main landing gear Read More »
Boeing has appointed aerospace industry veteran Robert “Kelly” Ortberg as its new President and CEO, as the embattled planemaker strives to restore its reputation and stabilise its business. Ortberg previously led aerospace supplier Rockwell Collins before it was incorporated into aerospace and defence giant RTX. He is set to take up his new role on
Boeing appoints Robert Ortberg as new President and CEO Read More »
Chorus Aviation (Chorus) has entered into an agreement to sell all assets in its Regional Aircraft Leasing (RAL) segment, including Falko Regional Aircraft Limited (Falko) and Chorus’ equity interests in the aircraft investment funds managed by Falko and its affiliates, to affiliates of investment funds managed by HPS Investment Partners (the transaction). The aggregate consideration
Chorus Aviation sells RAL segment for CA$1.9 billion in strategic shift Read More »
Airbus has posted consolidated financial results for the half-year ended June 30, 2024. “The half-year financial performance mainly reflects significant charges in our space business. We are addressing the root causes of these issues,” said Guillaume Faury, Airbus Chief Executive Officer. “In commercial aircraft, we are focused on deliveries and preparing the next steps of
Airbus reports H1 2024 financial results: revenues rise, profits decline Read More »
In a groundbreaking development for U.S. aviation, the FAA has authorised commercial drone flights without visual observers in the Dallas area airspace. The authorisations for Zipline International and Wing Aviation permit them to deliver packages while maintaining safe separation using Unmanned Aircraft System Traffic Management (UTM) technology. In this system, the industry manages the airspace
FAA authorises historic commercial drone flights in Dallas Read More »
