27 February 2025

The Pratt & Whitney GTF Advantage™ engine powering the Airbus A320neo aircraft

Pratt & Whitney GTF Advantage engine gains FAA certification

Aircraft & Engines

Pratt & Whitney has released that its GTF Advantage engine has received type certification from the U.S. Federal Aviation Administration (FAA) for the Airbus A320neo family. The GTF Advantage is the latest engine from the GTF family to achieve certification, offering 4-8% more take-off thrust, enabling higher payload capacity and longer range. This advancement opens […]

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London Heathrow Airport

Heathrow achieves passenger record and advances sustainability goals in 2024

Financial

Heathrow Airport (Heathrow) celebrated a record year in 2024, welcoming 83.9 million passengers, marking a 6% annual increase. Cargo volumes also rose by 10%, boosting British exports worldwide. While further growth is expected in 2025, constrained capacity is likely to limit the scale of improvement. Despite record passenger numbers, Heathrow’s revenue declined by 4% to

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Qantas will upgrade 42 Boeing 737 aircraft © AirTeam Images

Qantas unveils major cabin upgrade programme for 737 fleet

MRO & Production

Qantas is set to introduce a next-generation inflight experience across its domestic and short-haul international flights with a comprehensive cabin upgrade programme for its Boeing 737 aircraft. The initiative forms part of the airline’s ongoing fleet renewal and aims to enhance the customer experience on existing aircraft. The programme will see 42 Boeing 737 aircraft

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Rolls-Royce

Rolls-Royce upgrades profit targets following strong performance

Financial

Rolls-Royce has raised its mid-term targets, reflecting its confidence in future profit growth following a successful plan to enhance engine performance and reduce costs. The announcement led to a 15% surge in its shares on Thursday, February 27, surpassing market expectations, REUTERS reported. The upgrade highlights the significant progress Rolls-Royce has made over the past

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The Australian Government has approved Qatar Airways Group’s minority 25% stake in Virgin Australia

Virgin Australia and Qatar Airways secure approval for strategic alliance

Financial

Qatar Airways Group’s minority 25% investment in Virgin Australia has received Foreign Investment Review Board (FIRB) approval following the Federal Treasurer’s announcement on February 27. This follows the Australian Competition and Consumer Commission’s (ACCC) Draft Determination on February 18, indicating its intention to authorise the airlines’ integrated alliance, with final approval anticipated in March or

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SCI secures US$2.5 billion asset-level debt financing commitment

Financial

FTAI Aviation Ltd. (FTAI) has announced that its Strategic Capital Initiative (SCI) has secured a US$2.5 billion asset-level debt financing commitment. This funding is led by global investment firm ATLAS SP Partners, a structured products business primarily owned by Apollo funds, in collaboration with Deutsche Bank AG, New York Branch. The financing is expected to

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