BOC Aviation has reported profit before tax of US$775 million and net profit after tax of US$702 million for the full-year ended December 31, 2019, both increasing by 13% year-on-year. The company delivered a return on equity of 16.0%, exceeding its average return on equity of 15.1% since 2007. The company achieved a strong result […]
BOC Aviation reports record profit for 2019 Read More »
Russian MRO services provider S7 Technics has signed a consignment stock agreement with Satair, the aviation spares and solution provider. The agreement covers the exclusive distribution of over 350-part numbers from a number of suppliers over a multi-year period and constitutes the first of its kind between Satair and customers in Russia and the CIS
S7 Technics and Satair sign consignment agreement Read More »
APEX (Airlines Passenger Experience Association) strongly encouraged governments worldwide to issue immediate tax relief in an even-handed manner for the airline industry in the wake of COVID-19 (Novel Coronavirus). Representing nearly every major airline in the world, APEX believes that governments around the globe have a responsibility to reduce taxation upon airlines during this unprecedented
APEX encourages global tax relief for airline industry Read More »
The Qantas Group has announced further cuts to its international flying, reducing capacity by almost a quarter for the next six months. The latest cuts follow the spread of the coronavirus into Europe and North America over the past fortnight, as well as its continued spread through Asia, which has resulted in a sudden and
Qantas grounds eight A380s until mid-September Read More »
BOC Aviation Limited (BOC Aviation) has announced an agreement with American Airlines (American) to lease 22 Boeing 787 Dreamliners, with delivery to take place between 2020 and 2021. The aircraft will be powered by General Electric Genx engines. Robert Martin, Managing Director and Chief Executive Officer, BOC Aviation, said: “We are excited to welcome American
BOC Aviation signs lease agreement for 22 Boeing Dreamliners with American Airlines Read More »
–AJW Group is extending its Pool Access Agreement with Acropolis Aviation in support of G-NOAH and has entered into a new support agreement for G-KELT. AJW has been providing tailored spares support services to Acropolis Aviation, the U.K.-based VIP charter and aircraft management company since 2011. The extension to the contract sees AJW continue to
AJW Group extends Pool Access Agreement with Acropolis Aviation Read More »
The Russian carrier Red Wings Airlines has contracted Lufthansa Technik to provide extensive support for its growing Airbus narrow-body fleet. Within the frame of a contract with another Russian airline, Lufthansa Technik will also provide technical services for the Boeing 737 fleet of SmartAvia. Under a six-year contract with Red Wings Airlines, Lufthansa Technik supports
LHT signs technical support contracts with Red Wings and SmartAvia Read More »
Dubai Aerospace Enterprise (DAE) announced that its Board of Directors and Shareholders had authorized an additional US$300 million for bond repurchases to be conducted through open market transactions. To date, DAE has repurchased approximately US$555 million of principal amount of its publicly traded bonds under the previous authorizations of US$600 million. DAE Chief Executive Officer
DAE increases bond repurchase program by US$300 million Read More »
VoltAero has marked a significant milestone in developing its all-new family of Cassio e-aircraft with initiation of flight testing using Safran Electrical & Power’s ENGINeUSTM smart electric motors. This testing is a major step toward validating the electric and hybrid-electric powertrains for Cassio aircraft. It keeps the company on track in evolving a family of
Cassio e-aircraft flight testing underway with Safran’s ENGINeUSTM electric motors Read More »
AEM, a business within AMETEK’s Aerospace and Defense Division, has signed a contract to supply Hungarian airline, Wizz Air, with Aeromedic first aid kits for an additional 146 aircraft in the airline’s Airbus fleet. AEM will manufacture and deliver kits for more than 268 firm orders of the Airbus A320/A321 NEO and CEO family aircraft.
AEM secures Wizz Air contract for first aid kits Read More »
