Lufthansa Technik (LHT) is heading for yet another record annual result after it had already achieved a new Adjusted EBIT record of €554 million last year. An even better result is now expected for the full year 2023. The company had initially expected an Adjusted EBIT at a comparable level to the previous year, but […]
Lufthansa Technik posts successful third-quarter, raises annual forecast Read More »
Falko Regional Aircraft Limited, the asset manager and aircraft lessor exclusively dedicated to the regional aircraft sector, has announced the procurement of four CRJ900 aircraft that are currently on lease to Air Canada. These aircraft have been acquired by Falko from the global alternative investment manager Castlelake, acting on behalf of Falko’s managed fund, Falko
Falko acquires four CRJ900 aircraft on lease to Air Canada Read More »
Nasmyth has announced the appointment of James Larner as its new Chief Financial Officer (CFO). In his new position Larner will be responsible for the group’s financial and IT decision-making and support the Board with strategy formation and execution. He was most recently CFO for DeterTech Group, an intelligence-led security solutions business and managed the
Nasmyth welcomes James Larner as new Chief Financial Officer Read More »
Dubai Aerospace Enterprise (DAE) has reported its financial results for the nine months ended September 30, 2023. The company reported revenues of US$989.2 million, compared to US$853.9 million in 2022 and profit before tax and exceptional items of US$207.5 million, compared to US$200.6 million for the same period in 2022. In the third quarter of
DAE reports financial results for the nine months ended September 30, 2023 Read More »
Satair has released that it has established a legal entity, Satair (Chengdu) Co., Ltd, in China. The creation of this new legal entity supports Satair’s commercial strategy of ramping up used serviceable material (USM) growth and localising services to support the substantial growth expected in both the Chinese and global commercial aviation USM markets, +40%
Satair to establish Satair (Chengdu), in China Read More »
Air Niugini, the flagship airline of Papua New Guinea, has solidified its fleet modernisation strategy by placing a definitive order with Airbus. The deal encompasses six A220-100s, aimed at enhancing the airline’s operations. Additionally, Air Niugini will bolster its fleet with three A220-300s and two more A220-100s leased from third-party lessors. The A220 aircraft will
New fleet boosts Air Niugini’s modernisation programme Read More »
Asia Digital Engineering (ADE), the maintenance, repair and overhaul arm of Capital A, has obtained approval from the European Union Aviation Safety Agency (EASA) Part 145 Maintenance Organisation which upholds the highest levels of safety and quality in its operations. In recognition of ADE’s achievement to Malaysia’s aviation industry, YB Anthony Loke Siew Fook, Minister of
ADE receives EASA Part 145 Maintenance Organisation approval Read More »
Airbus Helicopters and Naval Group, in collaboration with the French Armament General Directorate, DGA (Direction génerale de l’armement), and the French Navy, have tested the SDAM demonstrator (Système de Drone Aérien Marine/ Naval Aerial Drone System) from a multi-mission frigate (FREMM). The trials took place on board the French Navy frigate, Provence in the Mediterranean
Naval unmanned aerial system tested at sea Read More »
Gulfstream Aerospace has completed its latest strategic expansion, the Savannah-based precision manufacturing facility for the Gulfstream G400, Gulfstream G500 and Gulfstream G600. This expansion increases the facility’s capacity by 142,000 ft² (13,192 m²). “Gulfstream continues to invest across all our facilities, including in Savannah, our headquarters for more than 50 years,” said Mark Burns, President,
Gulfstream completes manufacturing facility expansion in Savannah Read More »
AerCap has announced the delivery of its first Airbus A321 passenger-to-freighter (P2F) converted aircraft to IndiGo. The aircraft conversion was completed by Elbe Flugzeugwerke (EFW) before being delivered to IndiGo at ST Engineering Aerospace in Singapore. “We are delighted to celebrate the delivery of AerCap’s first A321P2F aircraft with our longstanding customer, IndiGo. The A321P2F
AerCap delivers first A321P2F converted aircraft to IndiGo Read More »
