Air Lease Corporation posts fiscal year 2022 net loss of US$138.7 million

Air Lease Corporation (ALC) has posted its financial results for the year ended December 31, 2022. The company’s total revenues for the year increased by 11% to US$2.3 billion compared to the same period in 2021. The increase in total revenues was primarily driven by the continued growth in its fleet and significantly lower COVID-19-related […]

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Norwegian posts NOK 1,502 million EBIT operating profit for 2022

Financial

Despite posting a pre-tax (EBT) loss of NOK 80 million for the fourth quarter of 2022, flag-carrying airline Norwegian Air Shuttle (Norwegian) has posted NOK 1,502 million EBIT operating profit for 2022. The company also delivered an operating loss for the fourth quarter of NOK 39 million. The quarter’s loss has been put down to

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Textron awarded Multi-Engine Training System contract by NAVAIR

Military & Defense

Textron Aviation has been awarded a Multi-Engine Training System (METS) contract by Naval Air Systems Command (NAVAIR) through a full and open competition. The contract award is for up to 64 King Air 260 aircraft, which will be known as the T-54A. The initial Lot I award will procure ten new Beechcraft King Air 260 commercial

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Boeing buys 5.6 million gallons of sustainable aviation fuel for 2023

Other News

Boeing has signed agreements to purchase 5.6 million gallons (21.2 million litres) of blended sustainable aviation fuel (SAF) produced by Neste, a leading SAF producer, to support its U.S. commercial operations through 2023. These agreements more than double the company’s SAF procurement from last year. “We are demonstrating our commitment to reduce our carbon footprint and

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Air France-KLM back to positive net income

Financial

The Air France-KLM Group has reported a positive net income for the full year 2022. Net income amounted to €728 million for the full year 2022, an increase of €4,020 million compared to last year. Revenue for the full year 2022 was up 84.4% compared to the previous year, a record level in the Group’s

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Aventure Aviation increases inventory with seven Boeing 737NGs

MRO & Production

Aventure Aviation has significantly increased its inventory by acquiring seven Boeing 737NGs for teardown from WestJet Airlines. All seven aircraft, MSN 34284, 34285, 34286, 34287, 34288, 35111 and 35112, will undergo immediate teardown for parts. The first will take place in Marana, Arizona. “This major acquisition will provide a significant inventory increase for our global customer

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elfc appoints Julian Jordan Chief Commercial Officer

People

elfc (Engine Lease Finance Corporation) has appointed Julian Jordan to the new role of Chief Commercial Officer (CCO). Jordan will be responsible for developing and executing elfc group’s global sales and leasing strategy across all commercial divisions. This will include new business growth, engine portfolio management and INAV engine material supply. During his time at elfc

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AMETEK FMH Aerospace selects Wencor as exclusive distributor for military and government aftermarket

Uncategorized

AMETEK FMH Aerospace has selected Wencor as its exclusive distributor supporting global military and government aftermarket. This agreement expands the partnership that Wencor and AMETEK SFMS previously announced in September 2022, and now includes the AMETEK flexible metal tubing, ducting, bellows, valves, filter assemblies and fuel boost pumps supporting key military platforms in the aerospace and defence

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Thomas Toepfer becomes future Airbus Chief Financial Officer

People

Dr Thomas Toepfer will become the future Airbus Chief Financial Officer. He will succeed Dominik Asam who will leave Airbus on March 3, 2023. Toepfer, currently CFO of Covestro AG – a DAX40 company and one of the world’s leading suppliers of premium polymers – will join Airbus on September 1, 2023. Xavier Tardy, Executive

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IATA and AZANS to develop airspace strategy for Azerbaijan

Other News

IATA and AZANS, the Air Navigation Service Provider of Azerbaijan, have agreed to develop and implement an Azerbaijan National Airspace Strategy (NAS). IATA and AZANS strengthen their existing cooperation for this initiative, which is aimed at delivering benefits to the travelling public, while supporting national economic growth and the competitiveness of the Azerbaijan aviation sector

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Heike Tamm