Abelo, the specialist turboprop aircraft lessor, has been acquired by an affiliate of Cerberus Capital Management, L.P. (Cerberus), marking a significant milestone in the company’s development. The acquisition sees Abelo transition from its previous ownership under funds managed by Oaktree Capital Management, L.P. (Oaktree), which had backed the firm since its inception in 2022. In […]
Cerberus acquires aircraft lessor Abelo Read More »
The International Air Transport Association (IATA) has announced the appointment of Sheldon Hee as its new Regional Vice President for Asia-Pacific, effective June 1, 2025. Based in Singapore, Hee will be responsible for overseeing IATA’s operations across 39 countries and 53 member airlines within this key global aviation region. Bringing more than 25 years of
Sheldon Hee to lead IATA’s Asia-Pacific operations Read More »
United Airlines and the Association of Flight Attendants-CWA (AFA) have reached a tentative agreement that, if ratified, will deliver industry-leading pay increases along with a range of improvements for the airline’s 28,000 flight attendants. This significant development marks a major milestone in labour relations for the airline and represents a strong step forward in enhancing
United Airlines and flight attendants union reach agreement on new contract Read More »
In a sector where every moment of downtime can impact passengers and disrupt operations, SITA has unveiled a new satellite service designed to ensure uninterrupted communication for airports and airlines, even under the most challenging conditions. Known as ‘SITA Managed Satellites’, the service enables continuous connectivity during blackouts, natural disasters, or in remote and infrastructure-limited
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Honeywell has reported an expansion of its contribution to Japan’s defence modernisation efforts through the delivery of cutting-edge aerospace technologies for two pivotal helicopter programmes. These latest contracts not only widen Honeywell’s presence within Japan’s defence industry but also underscore the company’s enduring commitment to mission readiness and the long-term performance of its systems. As
Honeywell expands role in Japan’s defence modernisation Read More »
In a year marked by global disruption and intense industry competition, Qatar Airways Cargo has achieved its strongest financial results since the COVID-19 pandemic, posting a 17.4% rise in cargo revenue and transporting 1.5 million tonnes of chargeable weight. The airline attributes this success to its bold strategic direction, continual innovation, and unwavering operational reliability,
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