IATA’s outlook for the airline industry reveals an optimistic trajectory for 2023 and 2024. Projected net profits are US$23.3 billion in 2023 (2.6% margin) and US$25.7 billion in 2024 (2.7% margin), with operating profits expected to surge from US$40.7 billion in 2023 to US$49.3 billion in 2024. In 2024, total revenues are set to reach […]
IATA anticipates improved profitability for airlines in 2023-2024 Read More »
Fokker Services Group (Fokker), an independent integrator in aircraft completions and conversions, has received the EASA Supplement Type Certificate (STC) related to a special mission project conducted in partnership with Gulfstream Aerospace (Gulfstream) and its Japanese international sales representative Marubeni Aerospace Corporation (Marubeni), both acting on behalf of the Japan Coast Guard. Applicable STC completion
Fokker Services Group converts Gulfstream G550 into maritime surveillance aircraft Read More »
IFS, the global cloud enterprise software company, has made two senior appointments with Max Roberts and Belinda Finch joining the company’s executive leadership team as Chief Operating Officer and Chief Information Officer, respectively. The appointments underpin the company’s consistent performance trajectory as well as its longer-term plans for growth. Roberts joins IFS from Stripe, a
Max Roberts and Belinda Finch join IFS’ leadership team Read More »
ExecuJet Haite Aviation Services China (ExecuJet Haite) has signed an agreement with Capital Airport Holding Business Aviation Management (CBM) to operate a new MRO facility at Beijing Daxing International Airport. The binding agreement allows ExecuJet Haite to operate the 5,000 m² state-of-the-art large-scale maintenance hangar with extensive back shops and offices at Beijing Daxing International
VINCI Airports, in collaboration with Japanese company Orix, presented the newly renovated international terminal of Kansai International Airport (KIX), marking a significant milestone in their partnership since 2016. The extensive renovation aims to not only enhance the overall passenger experience but also expand the area dedicated to international travel. The inaugural event took place in
VINCI Airports unveils revamped International Terminal at Kansai International Airport Read More »
Travelport Worldwide Limited (Travelport), a global technology company that powers travel bookings for hundreds of thousands of travel suppliers worldwide, has released that a group of its existing equity holders and lenders have agreed to invest US$570 million (£452 million) of new equity financing into the company. The new financing will give the company a
Travelport investors commit US$570 million in new equity financing Read More »
Kellstrom Aerospace Group, a leading provider of aviation life-cycle cost management solutions, has appointed John McKirdy as its Chief Commercial Officer. In his new capacity, McKirdy will leverage his extensive expertise and proven track record in delivering cost-effective aviation aftermarket services. This strategic move aims to provide Kellstrom’s customers with enhanced visibility and access to
Kellstrom Aerospace Group appoints John McKirdy as CCO Read More »
Nordic Aviation Capital (NAC) is to collaborate with ATR and TotalEnergies to offer the equivalent of 6% SAF on NAC’s ATR delivery flights. The initiative provides for a blend of 30% SAF to be used for one-out-of-five deliveries of new ATR aircraft to NAC, resulting in four tonnes of CO2 saved for every batch of
NAC collaborates with ATR and TotalEnergies Read More »
Vincent Metz is joining SR Technics as VP Business Development Europe. In this role, he will leverage his experience in the aviation industry to grow SR Technics’ market share in Europe. With over two decades in aviation, Metz held key roles at Air France KLM, including VP of Strategy, Marketing and Communications. He possesses extensive
Vincent Metz joins SR Technics as VP Business Development Europe Read More »
In its latest webinar on the narrow-body engine market, IBA, a leading aviation market intelligence and consultancy company, has predicted that engine market values and lease rates are likely to increase given the current and ongoing supply chain issues and the more specific GTF engine problems. It expects the industry to suffer longer term due
IBA predicts long-term turbulence in narrow-body engine market Read More »
