CMB Financial Leasing concludes refinancing debt facility for six Airbus A320neo narrowbody aircraft CMB Financial Leasing has concluded a refinancing debt facility for six Airbus A320neo narrowbody aircraft. These aircraft are currently on operating leases with Indian airline IndiGo. The debt facility is coordinated by DVB Bank, who is also a lead arranger in the […]
According to Expansion (the Spanish financial newspaper), after two unsuccessful attempts, IAG, is outlining a third offer, this time €1.520 billion (US$1.778 billion) for Norwegian Air Shuttle ASA (Norwegian), a proposal that values the carrier’s shares at NOK330 (US$40.6), which represents a 32% increase over last Friday’s share price. On Tuesday May 22, Norwegian‘s share
IAG plans to make third offer for Norwegian Read More »
Sundown Aircraft (TN) has completed the sale of one 767-300ER (MSN: 26238), to Kalitta Air (MI). The aircraft will be converted to freight by Israel Aircraft Industries Mexico, starting June 15th.
Sundown Aircraft completes sale of 767-300ER to Kalitta Air Read More »
Airbus has confirmed that it has taken appropriate measures to comply with the World Trade Organization (WTO) ruling on subsidies for its A350 and A380 aircraft.The ruling by the WTO has cleared the way for the U.S. to impose sanctions at the end of what has been a dispute which has lasted 14 years. It
Airbus confirms compliance with WTO subsidy verdict as sanctions loom Read More »
Florent Chauvancy has been appointed Executive Vice-President, OEM Sales, succeeding Maxime Faribault who is retiring. Chauvancy is a graduate of the French National Institute of Applied Sciences in Lyon (Master’s Degree in Mechanical Engineering – 1999) and the Rotman Business School in Toronto (Executive MBA). Furthermore Giuseppe Curci has been appointed Executive Vice-President, Finance and
Safran Helicopter Engines makes management appointments Read More »
With fuel coming second only to wages as an airline’s greatest outgoing, a period of critical planning awaits them with rising prices coinciding with the traditionally busy summer season. In 2018 alone jet fuel prices have risen 15 percent, while over the last twelve months they have risen by approximately 60 percent. With schedules and
Airlines faced with critical decision making as jet fuel prices rise Read More »
The Latvian airline airBaltic has launched a new route from Riga International Airport to Split Airport in Croatia on May 21. The new route offers a new summer holiday destination for travelers from the Baltics, as well as convenient travel options from Croatia to Riga and beyond to destinations in Scandinavia, the Baltics, and the
airBaltic launches flights from Riga to Split Read More »
Lufthansa Cargo has further increased its freighter network in China by adding direct services to and from Chengdu (CTU). Since 5 May 2018, a Boeing 777F with flight number LH8410 departs Frankfurt every Monday and Saturday and returns from Chengdu every Tuesday and Sunday. “We are very proud to now be serving the western Chinese
Lufthansa Cargo adds direct freighter services to Chengdu Read More »
Ryanair has reported a 10% increase in full year profit after tax to €1.45bn, as lower fares (down 3%) stimulated 9% traffic growth to over 130m guests and 95% load factor. Average fares last year declined by 3% and traffic grew 9% to over 130m with Germany, Italy and Spain being the 3 largest growth
Ryanair full year 2018 profits rise 10% to €1.45 billion Read More »
The breakthrough came with the borescope boss for the geared turbofan engine powering the A320neo; MTU Aero Engines is stepping up its efforts in the field of additive manufacturing. At the beginning of this year, a separate department, headed up by Dr. Jürgen Kraus, was set up to push this technology forward. “By pulling all
MTU Aero Engines steps up efforts in the field of additive manufacturing Read More »
