Delta Air Lines implements corporate job cuts to mitigate rising expenses

As the aviation industry grapples with increased costs, including those related to fuel and labour, Delta Air Lines is taking steps to reduce its expenses. The company is implementing a series of measures, including corporate job cuts, to align with its financial goals. In a statement provided to CNBC, Delta explained, “While we’re not yet […]

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Chad Archer starts his new position as SVP and CFO for Textron Aviation on January 1, 2024

Chad Archer promoted to SVP and Chief Financial Officer for Textron Aviation

People

Following a long-standing career spanning almost twenty years with the company, Textron Aviation welcomes Chad Archer to Senior Vice President and Chief Financial Officer (CFO) effective January 1, 2024. Archer most recently served as Vice President, Financial Planning and Analysis and Strategy. During his tenure with Textron Aviation, he has held various leadership positions within

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Stratos has arranged the long-term lease placement of an A330-200 aircraft, MSN1293, with a leading European flag carrier

Stratos continues successful placement of various aircraft for third parties

Aircraft & Engines

Stratos has continued its successful placement of various aircraft for third-parties. The company recently arranged the sale of an ex-Philippine Airlines’ B777-300ER,MSN61733, which was delivered to a leading Middle Eastern VIP operator. The six-year-old aircraft was sold on behalf of a syndicate of mainly European lenders led by NordLB who retained Stratos to repossess and

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Full-month tonnage figures for October are down just -1% compared to those in October 2022 WorldACD data shows

October tonnages track close to last year’s levels

Other News

Global air cargo tonnages stabilised in October close to its levels this time last year, with preliminary full-month tonnage figures for October down just 1% compared to those in October 2022, having tracked last October’s demand patterns closely on a week-by-week basis throughout the month, according to the latest figures from WorldACD Market Data. That difference

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Image of ES-30 aircraft flying over Copenhagen Airport

Copenhagen Airport becomes newest member of Heart Aerospace’s Industry Advisory Board

Other News

Copenhagen Airport, joins Heart Aerospace’s Industry Advisory Board to provide input on the design, development and commercialisation of the Swedish company’s regional electric airplane, the ES-30. Heart Aerospace’s Industry Advisory Board consists of airlines, governments, leasing companies and airports from all over the world, each representing a key part of the aviation ecosystem necessary to

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Dronamics will bring the first postal services by cargo drone to Greece © Dronamics

Dronamics and Hellenic Post (ELTA) sign LOI for first postal cargo drone deliveries in Greece

Other News

Dronamics, the first cargo drone airline with a license to operate in Europe, and Hellenic Post (ELTA) have signed an LOI to bring the first postal services by cargo drone to Greece. Dronamics, which designs, develops and operates cargo drones, will be providing middle-mile deliveries to Hellenic Post (ELTA), the national postal service for Greece.

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Brussels Airlines has taken delivery of its first out of five A320neo aircraft

Brussels Airlines welcomes first A320neo aircraft

Aircraft & Engines

Belgium’s national airline and member of the Lufthansa Group, Brussels Airlines, has taken delivery of its first out of five new A320neo aircraft. The A320neo is part of the airline’s fleet renewal strategy to operate the latest state-of-the-art, efficient aircraft in order to meet Brussels Airlines’ ambitious sustainability targets. The A320neo incorporates the latest technologies, including new-generation

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Lufthansa Technik posts successful third-quarter, raises annual forecast

Financial

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

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Falko has acquired four CRJ900s that are currently on lease to Air Canada

Falko acquires four CRJ900 aircraft on lease to Air Canada

Aircraft & Engines

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

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Nasmyth welcomes James Larner as new Chief Financial Officer

People

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

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Heike Tamm

Delta Air Lines implements corporate job cuts to mitigate rising expenses

Chad Archer promoted to SVP and Chief Financial Officer for Textron Aviation

Stratos continues successful placement of various aircraft for third parties

October tonnages track close to last year’s levels

Copenhagen Airport becomes newest member of Heart Aerospace’s Industry Advisory Board

Dronamics and Hellenic Post (ELTA) sign LOI for first postal cargo drone deliveries in Greece

Brussels Airlines welcomes first A320neo aircraft

Lufthansa Technik posts successful third-quarter, raises annual forecast

Falko acquires four CRJ900 aircraft on lease to Air Canada

Nasmyth welcomes James Larner as new Chief Financial Officer

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