The Freight division at global aviation services group Air Partner has delivered a second year of record results. As announced in Air Partner’s recent full year results for the year ended 31 January 2019, Freight gross profit for the year was up 45.3% to £4.9 million, accounting for 13.8% of the group’s overall gross profit. […]
Air Partner’s freight division reports second year of record results Read More »
The six-day pilots’ strike which ended May 2, is estimated to have cost Scandinavian Airlines 650 million kroner (US$68 million) and contributed heavily to the carrier’s 1.2 billion kroner (US$125 million) loss for the second quarter of its financial year. The strike, which began April 26, was the consequence of a breakdown in negotiations between
SAS pilot strike hits second-quarter results hard Read More »
EmbraerX is championing the development of a truly collaborative ecosystem which enables people to imagine a world where electric vertical take-off and landing vehicles (eVTOL) will be part of our daily lives. In partnership with dozens of air traffic controllers, academics, pilots and industry experts, Embraer’s disruptive business subsidiary published “FlightPlan 2030,” a white paper
SpiceJet reported a profit of INR 56.3 crore for the traditionally weak quarter ended March 31st, 2019 as against INR 46.2 crore in the same quarter last year. In comparison to Q3 FY19, the airline managed to generate higher profits despite challenges on account of seasonality and more importantly grounding of its 13 MAX aircraft.
SpiceJet posts full year 2019 loss Read More »
Airbus Helicopters and the Hungarian Government have selected the town of Gyula in the Békés County as the site for a new aerospace enterprise in Hungary. Gyula is located in the country’s eastern part. The new installation will be built up from scratch and will be the core of an emerging Hungarian aeronautics cluster. At
Airbus Helicopters and Hungarian Government to establish manufacturing site in Gyula Read More »
Air Transport Services Group has obtained lender commitments for a one-year extension through May 2024 of its secured credit facility, and an expansion of the facility’s revolver portion. The amendment to ATSG’s agreement with a consortium of banks, led by SunTrust, increases the revolving credit portion of the facility by US$100 million, to US$645 million.
ATSG’s bank credit facility expands to support fleet growth Read More »
Elix Aviation Capital has delivered one ATR 42-500 MSN 637, on lease to Air Corsica. This new customer for Elix expands its turboprop leasing footprint in Europe and adds the first ATR 42-500 into the Air Corsica fleet. Air Corsica operates over 20,000 flights annually across 33 routes with a fleet of 12 aircraft including
Elix Aviation Capital delivers one ATR 42-500 to Air Corsica Read More »
Specialist aircraft component support provider Bii.aero has teamed with Dublin based aircraft and engine leasing firm Rostrum Leasing to market a suite of engine piece parts resulting from the phased tear-down programme of selected B737-300 Classics and CFM56 spare engines formerly operated by Southwest Airlines. Bii.aero has all available piece parts to serve the used
Bii teams up with Rostrom Leasing for CFM56 -3 engine parts Read More »
AviaAM Leasing has sold one Airbus 321-200 to Aergo Capital with lease attached to SmartLynx Airlines. The aircraft was acquired earlier this year and, after comprehensive technical preparation, refurbishment and repainting, has been leased to a Latvian ACMI operator. Currently, the aircraft is being operated by the lessee under an ACMI contract with German leisure
AviaAM Leasing sells A321-200 with lease attached Read More »
Flybe has released that Christine Ourmières-Widener has decided to step down from her role as Chief Executive Officer of Flybe Limited on July 15th, 2019, following the successful sale of the business to Connect Airways. The Company expects to announce Christine’s successor before her departure to ensure a smooth handover.
Flybe CEO Christine Ourmières-Widener to step down Read More »
