Global aviation logistics and aftermarket services provider VAS Aero Services (VAS) has secured an additional 17 Airbus A320 airframes for teardown and used serviceable material (USM) parts redistribution. This brings to 23 the total number of A320s that VAS has acquired in just the past six months as part of the company’s growth initiative to […]
VAS Aero Services secures 17 more A320s for teardown Read More »
The Lufthansa Group has increased its second-quarter revenues by seven percent to €10 billion in 2024 (prior-year period: €9.4 billion). The Group recorded an operating profit, or Adjusted EBIT, of €686 million (prior-year period: €1.1 billion). The Group net result amounted to €469 million (prior-year period: €881 million). The prime drivers here were the 11%
Lufthansa Group faces profit decline despite revenue growth in Q2 2024 Read More »
After careful consideration, Air New Zealand is removing its 2030 science-based carbon intensity reduction target, the airline said in a statement, and will withdraw from the Science Based Targets initiative (SBTi). Many of the levers needed to meet the target, including the availability of new aircraft, the affordability and availability of alternative jet fuels, and
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Singapore Airlines (SIA) is collaborating with IBS Software to co-develop a shipment record solution, making substantial strides in digitally transforming air cargo operations and advancing towards IATA‘s ONE Record standards through the digitisation of shipment records and the use of advanced technology. Together with Cargo Community Network (CCN), the two companies have successfully completed the first phase of this
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GE Aerospace has signed a five-year agreement with Riyadh Air for the adoption of its suite of flight operations software solutions: Safety Insight, Fuel Insight and FlightPulse®. This strategic partnership will equip the new Saudi Arabian airline with data-driven analytics to optimise fuel consumption, enhance safety measures and fortify its sustainability initiatives. With Fuel Insight
GE Aerospace and Riyadh Air announce five-year partnership Read More »
Bombardier has posted strong financial results for the second quarter of 2024 (Q2 2024), showcasing significant double-digit growth year-over-year across key metrics, including deliveries, revenues, services, and profitability. The company is on track to meet its 2024 full-year guidance. Revenues for Q2 2024 rose to US$2.2 billion, up 32% year-over-year, driven by higher aircraft deliveries
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IBA, a prominent aviation market intelligence and advisory company, has appointed Kathleen Cowans as its new Chief Revenue Officer. Cowans brings over two decades of expertise in sales and business management, including 15 years in leadership roles. She has led teams across various global markets and regions, grown sales and revenue, improved client satisfaction, and
IBA appoints Kathleen Cowans new Chief Revenue Officer Read More »
Air Transport Services Group (ATSG) has released that its leasing subsidiary Cargo Aircraft Management (CAM) has delivered two Boeing 767-300 aircraft to Georgian Airways LLC of Tbilisi, Georgia, under multi-year leases. One of the two Boeing 767-300s is a passenger aircraft which was delivered in June while the other is a newly-converted freighter, which was
ATSG and Georgian Airways broaden partnership Read More »
Deutsche Aircraft, the German original equipment manufacturer (OEM), has concluded a successful week at the Farnborough International Airshow. The highlight of this year’s event was the unveiling of the first fuselage cut for the inaugural test aircraft of the D328eco™ programme. The Farnborough International Airshow began on a momentous note for Deutsche Aircraft, as the
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Japanese start-up airline JCAS Airways and Singapore-based lessor Avation PLC (Aviation) have signed a letter of intent (LOI) for JCAS to lease one ATR 72-600 aircraft. This milestone signifies JCAS Airways’ commitment to launching operations with ATR’s new-generation turboprop. Delivery is scheduled for the end of 2025, with initial routes connecting Kansai to Toyama and
JCAS Airways and Avation PLC sign lease agreement for ATR 72-600 aircraft Read More »
