Lockheed Martin doubles size of venture capital fund to US$400 million

Lockheed Martin has doubled its venture capital fund from US$200 million to US$400 million. The company will use the increased funds to continue to accelerate future defence innovation through investment in start-up technology companies. “The success of our venture capital investments to date is a testament to our strategy and allows Lockheed Martin to continue […]

Lockheed Martin doubles size of venture capital fund to US$400 million Read More »

Jackson Square Aviation delivers one Airbus A320-232 aircraft to Super Air Jet

Aircraft & Engines

Jackson Square Aviation (JSA) has delivered one Airbus A320-232 aircraft to Super Air Jet. This delivery completes the first part of a three-aircraft long-term lease package transaction, whereby each aircraft undergo a transition and modification programme to meet the specifications of Super Air Jet aircraft. Commenting on the delivery, David Jones, JSA Head of Asia

Jackson Square Aviation delivers one Airbus A320-232 aircraft to Super Air Jet Read More »

Contrail Aviation expands book of business and leadership team

MRO & Production

Contrail Aviation Support, a full-service engine asset management platform as well as worldwide supplier of surplus and aftermarket commercial jet engine components, has announced that over the past 12-months, the company has acquired A318s (CFM56-5B powered), A320s (V2500 powered), ten CFM56-5B engines and more V2500-A5 spare engines to support the growing USM demands of Contrail’s

Contrail Aviation expands book of business and leadership team Read More »

Boeing forecasts that single-aisle jets are expected to account for more than 70% of commercial deliveries in Africa

Australia’s new LCC airline Bonza takes delivery of first of seven 737 MAXs on order

Aircraft & Engines, Top Stories

Australia’s new low-cost-carrier (LCC) Bonza has confirmed it has taken delivery of the first of seven Boeing 737 MAX 8 aircraft it has committed to receiving during 2022. The arrival ceremony was held at the Sunshine Coast Airport, 90km north of Brisbane, where the LCC will be based. The new airline, owned by Miami-based investment

Australia’s new LCC airline Bonza takes delivery of first of seven 737 MAXs on order Read More »

Horizon Aircraft successfully completes construction of a 50%-scale prototype VTOL aircraft

Aircraft & Engines

Horizon Aircraft (Horizon), an innovative leader in hybrid electric vertical take-off and landing (VTOL) aerial vehicles, has successfully completed the construction of its innovative 50%-scale “Cavorite X5” prototype. Horizon’s innovative approach and technology allows the aircraft to fly 98% of its mission in a very low-drag configuration like a traditional aircraft. Flying most of the

Horizon Aircraft successfully completes construction of a 50%-scale prototype VTOL aircraft Read More »

Rex’s profit guidance following sterling start to new financial year

Financial

Rex has reported record-high passenger numbers and revenue across both its domestic and regional networks in the first month of the financial year 2023 (FY2023). On the domestic front, July’s pre-audited base passenger revenue was at AU$13.6 million, almost double that of the monthly average of the prior three months at AU$6.87 million. Load factor

Rex’s profit guidance following sterling start to new financial year Read More »

StandardAero opens two new Rolls-Royce approved facilities dedicated to servicing RR300 helicopter engines

MRO & Production

StandardAero has announced the addition of two new approved facilities for Rolls-Royce RR300 helicopter engine MRO. With this new expanded capability, the company is now able to service this engine type for Robinson R66 helicopter operators in Westminster, British Columbia and Concord, North Carolina in addition to its existing facilities in Winnipeg, Manitoba , Portsmouth

StandardAero opens two new Rolls-Royce approved facilities dedicated to servicing RR300 helicopter engines Read More »

MAAS Aviation welcomes Malachy McEnroe as Chief Financial Officer

People

MAAS Aviation, recognised experts in aircraft painting and exterior coatings, has announced the appointment of Malachy McEnroe as Chief Financial Officer. An experienced international CFO and board member, McEnroe has worked in finance and business for over 25 years, most recently in the international logistics equipment leasing sector. He has extensive experience in growing international

MAAS Aviation welcomes Malachy McEnroe as Chief Financial Officer Read More »

AAR Sumisho Aviation Services (ASAS) signs new distribution agreement with Northrop Grumman for E-2D Advanced Hawkeye parts

Military & Defense

AAR Sumisho Aviation Services (ASAS), a joint venture launched by AAR CORP and Sumitomo Corporation, has signed a new agreement with Northrop Grumman for E-2D Advanced Hawkeye aircraft parts distribution. The Japan Air Self-Defense Force has been operating the E-2D since March 2019. Under the five-year agreement, ASAS will be the distributor of certain Northrop

AAR Sumisho Aviation Services (ASAS) signs new distribution agreement with Northrop Grumman for E-2D Advanced Hawkeye parts Read More »

Falcon gains industry first post-Brexit UK CAA approval with Aerodynamics Academy

Other News

The Falcon Flight Training Academy – part of Falcon Group – has become the first UK approved training organisation (ATO) in the post-Brexit era to gain UK CAA approval to operate in Europe. It will work in partnership with Spanish flight school Aerodynamics Academy, delivering UK commercial pilot training courses from the company’s satellite base

Falcon gains industry first post-Brexit UK CAA approval with Aerodynamics Academy Read More »

Heike Tamm