SAS has achieved a significant milestone in its ongoing Chapter 11 process within the United States. In this pivotal step, SAS has chosen a consortium led by Castlelake, representing certain funds or affiliates, Air France-KLM, Lind Invest and the Danish state (collectively referred to as the investors) as the winning bidder in its exit financing […]
The International Air Transport Association (IATA) has released data for August 2023 global air cargo markets, showing that year-on-year air cargo demand grew for the first time in 19 months. Global demand, measured in cargo tonne-kilometres (CTKs), increased by 1.5% compared to August 2022 levels (2% for international operations). Capacity, measured in available cargo tonne-kilometres
Air Cargo demand up 1.5% in August Read More »
Pratt & Whitney has released that China Airlines has inducted its first Pratt & Whitney GTF engine. China Airlines joined the GTF MRO network in 2020, with its Engineering and Maintenance organisation providing disassembly, assembly and test capability for the PW1100G-JM engine, the GTF model that powers Airbus A320neo-family aircraft. In 2019, China Airlines selected the GTF
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VoltAero has marked another important step toward the full-scale production of its Cassio electric-hybrid aircraft family with the ground-breaking of a final-assembly line at Rochefort Airport in the Charente-Maritime department of France’s Nouvelle-Aquitaine region. This 2,400 m² facility will serve as the build-up site and delivery centre for VoltAero’s all-new product line of Cassio general aviation/regional
VoltAero breaks-ground on final-assembly line at Rochefort Airport, France Read More »
Veryon, a leading provider of information services and software solutions for the aviation industry, has announced its acquisition of Rusada, a prominent player in the aviation maintenance management software industry since 1987. This strategic move solidifies Veryon’s commitment to innovation while strengthening its position as a trusted aviation management software market leader. Headquartered in Geneva,
Veryon announces acquisition of Rusada Read More »
SMBC Aviation Capital has announced the successful settlement of insurance claims, resulting in the receipt of approximately US$710 million (£592 million). This settlement pertains to its aircraft that were previously leased to Aeroflot. The funds represent the resolution of insurance claims filed by SMBC Aviation Capital under Aeroflot’s insurance and reinsurance policies, covering a total
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Israel Aerospace Industries (IAI) has delivered a Boeing 767-300ER to Challenge Airlines MT after completing conversion of the aircraft from a passenger-to-cargo configuration, at IAI’s conversion site facility in Belgrade. The aircraft is the first of four converted planes of this type, which IAI will redeliver under a contract signed in 2021, which also includes
IAI redelivers converted Boeing 767-300ER to Challenge Airlines Read More »
TP Aerospace has announced that Nicolai Hertz has taken on the role of Chief Commercial Officer (CCO) of TP Aerospace as of October 2, 2023. Hertz brings almost 30 years of experience from the aviation industry from Satair, SAS Component Group and ST Aerospace. Most recently, he was with Satair for 15 years, latest in
Nicolai Hertz takes on role as CCO of TP Aerospace Read More »
AerFin has bolstered its A320 inventory with the acquisition of three Airbus A320ceo aircraft from Wings Capital Partners. All three aircraft are of manufacturer serial Number (MSN) 5000 and above, making them attractive airframes of their type and class to be parted out worldwide. Gwyn Scourfield of Wings Capital Partners states: “This transaction marks the
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LATAM Airlines has taken delivery of its first A321neo leased from AerCap and in addition has placed an order for 13 further A321neo aircraft to help expand its route network and drive its regional growth. This is the first delivery of a committed backlog of 76 A321neo aircraft. In total, LATAM has 111 A320-family aircraft
LATAM expands Airbus aircraft order with 13 additional A321neos Read More »
