Aviation data and advisory consultancy IBA, has outlined a divergence in value trends between narrow-body and wide-body aircraft driven by a surge in domestic travel in certain markets, but continuing low levels of international travel globally. In a recent aircraft values webinar, IBA illustrated how a surge in domestic passenger flights, driven largely by rapidly […]
Air Lease Corporation (ALC) has announced long-term lease placements for ten used Airbus A320-200 aircraft with Allegiant. The aircraft are scheduled to deliver to the airline beginning in fall 2021 through Summer 2022. “Bringing these ten aircraft into Allegiant’s fleet provides a number of advantages aligned with our unique business model and goals,” said Robert
Air Lease Corporation places ten Airbus A320 aircraft on long-term lease with Allegiant Read More »
The SIA Group has posted its financial performance for the first quarter FY2021/22. An increase in both passenger and cargo flown revenue resulted in Group revenue increasing by SG$444 million (+52.2%) year-on-year to SG$1,295 million. Cargo flown revenue grew by SG$214 million (+32.4%), as the calibrated resumption in passenger flights contributed to an increase in
SIA Group narrows first quarter net loss to SG$409 million Read More »
In June 2021, passenger traffic continued to recover, despite the ongoing and widespread impact of the COVID-19 pandemic. Frankfurt Airport (FRA) served some 1.78 million passengers in the reporting month. This represents an increase of nearly 200% versus June 2020. However, this figure is based on a low benchmark value recorded in June 2020, when
Fraport recovery in passenger numbers continues Read More »
International Airlines Group S.A (IAG), the parent company of carriers Aer Lingus, British Airways, IAG Cargo, Iberia, and Vueling, the LEVEL brand and Avios, the IAG reward program, has released consolidated results for the six months up to June 30, 2021. Passenger capacity in Q2 was 21.9% of 2019 and continues to be adversely affected
IAG releases consolidated financial results for first six months of 2021 Read More »
Alaska Airlines has named 34-year airline veteran Toni Freeberg Managing Director of Sales, effective immediately. Freeberg assumes the role currently held by Mark Bocchi, who will retire from Alaska Airlines in October after 40 years. In her new role, Freeberg will set the strategy and oversee corporate and specialty sales, and further champion the integration into the
Alaska Airlines appoints Toni Freeberg Managing Director of Sales Read More »
BOC Aviation has announced the placement of six used Boeing 787-9 Dreamliners with Norwegian carrier Norse Atlantic Airways (Norse). All six aircraft are powered by Rolls-Royce Trent 1000 TEN engines and are scheduled for delivery in the fourth quarter of 2021. “We are pleased to expand our leasing relationships to include a lessor the calibre
BOC Aviation places six aircraft with Norse Atlantic Airways Read More »
The U.K.’s Ministry of Defence (MOD) has awarded a £250 million (US$350 million) for the Tempest program which will deliver the military, industrial and economic requirements of Britain’s Future Air Combat System (FCAS), marking the official start of the program’s concept and assessment phase. The concept and assessment phase contract will see the partners develop
U.K.’s MOD awards £250 million contract for Tempest FCAS program Read More »
American Airlines and JetSMART, an ultra-low-cost carrier with principal operations in Chile and Argentina, have signed a letter of intent to create a broad network and a rewarding customer offering in the Americas. This proposed partnership would uniquely tie together the full-service, global presence of American with the complementary network of JetSMART in South America
American Airlines to take minority ownership in JetSmart Read More »
IBC Advanced Alloys, a leading beryllium and copper advanced alloys company, has announced new credit facilities of up to US$8,000,000 established pursuant to a credit and security agreement among Iron Horse Credit and certain of the company’s U.S. subsidiaries and an account sale and purchase agreement (ASPA) among Sallyport Commercial Finance and the subsidiaries. The
IBC Advanced Alloys enters credit facilities Read More »
