The Cathay Group has announced its plan to buy as many as 32 Airbus A321neo and A320neo aircraft, as part of its ongoing investment in expanding and modernising its fleet, and enhancing flight connectivity at the Hong Kong international aviation hub. This move will increase the Group’s total new aircraft deliveries to over 70. These […]
Cathay Group intends to purchase up to 32 new single-aisle aircraft Read More »
Air Canada has reported that second-quarter operating revenues of CA$5.427 billion increased CA$1.446 billion from the same quarter in 2022, driven by a 42% year-over-year increase in passenger revenues. Operated capacity increased 21% from the second quarter of 2022, one percentage point lower than the projection provided in Air Canada’s May 12, 2023, news release. Operating expenses of CA$4.625 billion increased CA$391 million or
Air Canada posts second-quarter net income of CA$838 million Read More »
Specialist regional aircraft lessor, TrueNoord, has announced two key appointments, further strengthening its existing team of industry professionals. A new addition to the Amsterdam office, Beata Stachowicz, has assumed the position of Transaction Manager, and Garret Dunne has joined as Risk Director, based in Dublin. Dunne joins TrueNoord from Dubai Aerospace Enterprise where he worked
TrueNoord expands team of industry professionals Read More »
Further to the announcement dated February 13, 2020, SIA Engineering Company Limited (SIAEC) has released that SIAEC’s acquisition of 49% of the share capital of PAES was completed on August 10, 2023. The consideration for SIAEC’s acquisition of the 49% stake from Pos Aviation Sdn Bhd (PASB) was MYR4 million in cash. This was arrived
SIAEC completes acquisition of 49% share capital of PAES Read More »
The proposal negotiated last week between Lufthansa Group and Vereinigung Cockpit (VC) has now been fully accepted by the Pilots’ union. The negotiations have resulted in the approval of a proposed new ‘VTV’ collective remuneration agreement and ‘MTV’ collective terms-of-employment agreement for the pilots of Lufthansa Airline and Lufthansa Cargo, who number some 5,200 people.
Lufthansa Group and Vereinigung Cockpit reach agreement over pilots’ pay Read More »
Archer Aviation, a leader in electric vertical take-off and landing (eVTOL) aircraft, has reported operating and financial results for the second-quarter ended June 30, 2023. The company reported total operating expenses of US$181.4 million and a net loss of US$-184.1 million. Cash, cash equivalents and short-term investments stood at US$407.6 million at the end of June.
Archer secures US$215 million from various investors Read More »
Wheels Up Experience (Wheels Up), the private aircraft charter enterprise faces closure as demand for personal air transport continues to fall post the COVID-19 pandemic. According to REUTERS, the warning comes despite Delta Air Lines providing the business with substantial short-term funding. Wheels Up charters private aircraft to clients by the hour and according to
Wheels Up faces closure as post-pandemic demand drops Read More »
The TUI Group is experiencing very high demand for holiday travel. For the first time since the beginning of the pandemic, the Group closed the third financial quarter profitably. All segments showed a positive operating performance and contributed to the improvement in earnings. The growth sector Hotels & Resorts reported underlying earnings above pre-crisis levels
TUI Group reports significant increase in earnings Read More »
ST Engineering has announced the sale of 11 new-generation and current-generation narrow-body aircraft by its Aviation Asset Management business to Keystone Holdings (Global) Pte. Ltd. (Keystone). Keystone is a 50-50 joint venture between ST Engineering’s Commercial Aerospace and Sojitz Corporation. This sale is consistent with the Group’s strategy of working with partners to grow its Aviation
ST Engineering sells 11 narrow-body aircraft to Keystone Read More »
The GEnx engine family has surpassed the 50 million flight-hour mark in less than 12 years, the fastest rate ever for a commercial wide-body engine. The GEnx-1B, which powers the Boeing 787 Dreamliner family, has accumulated nearly 32 million hours since entering service in 2012. The GEnx-2B has accumulated 18 million hours since entering service
GEnx engine family surpasses 50 million flight-hours Read More »
