Brazil’s Embraer has announced that it has signed a long-term Pool Program Agreement with the U.S. carrier Breeze Airways (Breeze) to support a wide range of repairable components for the airline’s E190s and E195s fleet. Full repair coverage for components and parts are included in the agreement, plus access to a substantial stock of components […]
Embraer and Breeze Airways sign Pool Program Agreement Read More »
Spirit Airlines has entered into a series of liability management transactions given the favorable market dynamics. The company received US$371.3 million from an issuance of 10,594,073 shares of its common stock to holders of its 4.75% Convertible Senior Notes due 2025 (the 2025 Convertible Notes). Spirit used US$368.7 million of the net proceeds from the
Spirit Airlines closes 1.00% Convertible Senior Notes due 2026 Read More »
The International Air Transport Association (IATA) released March 2021 data for global air cargo markets showing that air cargo demand continued to outperform pre-COVID levels (March 2019) with demand up 4.4%. March demand reached the highest level recorded since the series began in 1990. Month-on-month demand also increased, albeit at a slower pace than the
Air Cargo demand reaches all-time-high in March Read More »
STS Aviation Services (STS) has signed a long-term base maintenance agreement with Aircraft Engine Lease Finance (AELF). “We are extremely delighted that AELF has awarded STS a long-term base maintenance contract to support its Airbus A330 aircraft, which will be operated by Maleth Aero,” stated Ian Bartholomew, Vice President of Commercial for STS Aviation Services. “As a
SIA Engineering Group reported revenue of SG$443.0 million for the financial year ended March 31, 2021 which was SG$551.1 million (-55.4%) lower than in the previous financial year as low flight activities and widespread grounding of aircraft resulted in a sharp and severe reduction in business volume. Group expenditure was also lower year-on-year, falling from
SIA Engineering Group’s full year revenue down 55% Read More »
F/LIST GERMANY’s upholstery facility in Erfurt has recently been granted EASA PART-145 approval from the European Aviation Safety Agency (EASA) to act as a repair station. This positions F/LIST GERMANY’s newest branch as a qualified maintenance service for upholstery work on business aircraft. The aftermarket division of business aviation picked up significantly in the pandemic
F/LIST GERMANY receives EASA Part-145 approval for Erfurt site Read More »
Israel Aerospace Industries’ (IAI) Aviation Group has signed a Memorandum of Agreement (MoA), with the Incheon International Airport and Sharp Technics, to establish a Passenger-to- Cargo (P2F) conversion site in South Korea. The facility will specialize in converting Boeing 777-ERSF (Big Twin) from passenger to freighter. Within the framework of the agreement, IAI will convert
IAI to establish Boeing 777 conversion facility in South Korea Read More »
Canada’s Bombardier, which has recently streamlined its operations to concentrate solely on the production of luxury business jets, has released preliminary results ahead of the official release of the first quarter’s finances on May 6. While, according to IBES data from Refinitiv, analysts had projected first-quarter adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA)
Bombardier’s predicted Q1 2021 results outpace Wall Street predictions Read More »
Lufthansa Group is accelerating the modernization of its fleet. New, highly cost- and fuel-efficient aircraft are replacing older types on short-, medium-, and long-haul routes. As a result, the Executive Board of Deutsche Lufthansa AG has decided to buy ten long-haul aircraft: five Airbus A350-900s and five Boeing B787-9s. The Supervisory Board approved the purchase
Lufthansa Group pushes ahead with fleet modernization, orders ten long-haul aircraft Read More »
Air Seychelles, the national airline of the Republic of Seychelles, has awarded StandardAero a multi-year contract to support the Pratt & Whitney PT6A-34 turboprop engines powering its fleet of DHC-6 Twin Otter aircraft. StandardAero will support Air Seychelles with a range of maintenance, repair and overhaul (MRO) services from its OEM-authorized PT6A Designated Overhaul Facility
StandardAero awarded multi-year PT6A engine services contract from Air Seychelles Read More »
