LCI to acquire up to 40 Chaparral (VTOL) aircraft from Elroy Air

LCI, a leading aviation company and a subsidiary of Libra Group, has signed an agreement with Elroy Air, developer of advanced autonomous cargo aircraft systems, to acquire up to 40 of the company’s Chaparral vertical take-off and landing (VTOL) aircraft. LCI’s investment in Elroy Air’s system underpins the company’s long-term commitment to sustainable growth and […]

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ELFC appoints Avril Comerford to Executive Vice President and Chief Financial Officer

People

Independent spare engine leasing company Engine Lease Finance Corporation (ELFC) has named Avril Comerford to the position of Executive Vice President and Chief Financial Officer with overall responsibility for the Finance function,replacing Declan Sheedy who is departing the company after 19 years of service to pursue other opportunities. Comerford has 20+ years of experience in

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Airbus UpNext tests new pilot assistance technologies

Other News

Airbus UpNext, a wholly owned subsidiary of Airbus, has started testing new, on ground and in-flight, pilot assistance technologies on an A350-1000 test aircraft. Known as DragonFly, the technologies being demonstrated include automated emergency diversion in cruise, automatic landing and taxi assistance and are aimed at evaluating the feasibility and pertinence of further exploring autonomous

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John M. Holmes named Chairman of the Board of Directors of AAR

People

AAR CORP. (AAR) has released that John M. Holmes, President and Chief Executive Officer of AAR has been named Chairman of the Board of Directors following the retirement of David P. Storch, the company’s Chairman for 18 years. Holmes will continue as President and Chief Executive Officer of the company. Holmes joined AAR in 2001

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KKR to invest additional US$1.15 billion in aircraft leasing with Altavair

Financial

KKR, a leading global investment firm, and Altavair L.P., a leader in commercial aviation finance, have announced that KKR is making an additional US$1.15 billion commitment to expand its global portfolio of leased commercial aircraft in partnership with Altavair. The investment will come from KKR’s credit and infrastructure funds. KKR has deployed and committed US$1.7

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Travelport and Avianca Airlines sign new distribution agreement

Other News

Travelport, a global technology company that powers bookings for hundreds of thousands of travel suppliers worldwide, and Avianca Airlines, headquartered in Colombia and a member of Star Alliance, have renewed their long-standing relationship with a new distribution agreement. As part of the new deal, Travelport-connected agencies will have access to Avianca’s wide-ranging travel offers and

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Challenge Group opts for AMOS

Information Technology

International air cargo consortium Challenge Group has selected AMOS for Challenge Airlines BE, Challenge Airlines IL, Challenge Airlines MT and Challenge Technic. The AMOS Airline Edition will enable the airlines to streamline operations, increase efficiency and reduce overall maintenance costs by improving and digitising internal aircraft maintenance procedures. As part of the paperless maintenance process,

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Rex reports improved profitability

Financial

Regional Express, Rex, has released that its unaudited management accounts for November have shown a further increase in profitability for its domestic Boeing 737 jet operations, with the profit before tax (PBT) improving from about AU$2 million to AU$2.8 million. This makes November the third consecutive month that the domestic jet operations have been overall

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Airbus deliveries up 8% and remains world’s leading planemaker for fourth year

Aircraft & Engines

Europe’s Airbus has retained its top spot for the fourth year running as the world’s biggest jet manufacturer having delivered 663 jets throughout 2022, a rise of 8% when compared to 2021 deliveries. Airbus also managed to secure orders for 1,078 new jets throughout the year, which resulted in a net total of 820 after

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Collins Aerospace expands air materials support service agreement with China Southern

MRO & Production

Collins Aerospace is expanding its longstanding support agreement for China Southern’s fleet of Boeing 787 aircraft. The extended agreement builds on the existing Dispatch(SM) flight hour support agreement for avionics onboard the airline’s aircraft. Collins Aerospace’s Dispatch avionics service programme provides high availability and maximum reliability at a predictable cost. This contract extension is likely

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