Atlas Air has signed lease agreements for three 747-8 Freighters from BOC Aviation

Atlas Air Worldwide signs agreement with GE Aviation for GEnx engines

Atlas Air Worldwide Holdings has signed an agreement with GE Aviation to purchase GEnx-2B engines for its four Boeing 747-8 Freighters along with a 20-year TrueChoice Overhaul agreement, which covers the time and material required to overhaul the GEnx-2B engines. The agreements are valued at more than US$800 million at list price over the life […]

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IATA new analysis shows airline industry expected to remain cash negative throughout 2021

Other News

The International Air Transport Association (IATA) has released new analysis showing that the airline industry is expected to remain cash negative throughout 2021. Previous analysis (November 2020) indicated that airlines would turn cash positive in the fourth quarter of 2021. At the industry level, airlines are now not expected to be cash positive until 2022.

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Collins Aerospace wins US$34 million contract for USAF F-16, B-2 sustainment

Military & Defense

Collins Aerospace, a unit of Raytheon Technologies, has received a ten-year, US$34 million contract from the DLA to provide gearbox repair materiel for the USAF F-16 and B-2 fleets. Under the Supplier Initiated Ordering program, a new Department of Defense practice, the DLA has provided Collins Aerospace access and insight to its materiel demand profile.

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ACIA Aero Leasing delivers two aircraft to Air Express Algeria

Aircraft & Engines

ACIA Aero Leasing (ACIA) has completed the transition of two aircraft to Air Express Algeria. The deliveries include one Beechcraft B1900D (UE-379) and one LET 410 (MSN 3001). The deliveries took place in February 2021. These aircraft are part of a three-aircraft transaction with the third aircraft, a further Beechcraft B1900D, scheduled to deliver in March

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Spirit Aero’s Q4 2020 revenue plummets 55% on back of Boeing woes

Financial, Top Stories

Spirit AeroSystems Holdings (Spirit) has reported worse-than-expected results for its fourth-quarter 2020 operations, notably a 55% drop in revenue compared to the same quarter in 2019. The drop in revenue is a result of Boeing, one of its largest customers, struggling with the grounding of the 737 MAX and downturn in demand for new aircraft

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Genesis and Heston Aviation form strategic alliance to create Heston Airlines

Airlines & Routes

Genesis, the Dublin-based aircraft leasing company has formed an alliance with Heston Aviation, to build and launch Heston Airlines. Heston Airlines will be a newly established Lithuanian-headquartered charter and ACMI service provider. Over the past 12 month, Genesis has supported the strategy and development of the airline and has just concluded on delivering the airline’s

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Boeing begins T-7A Red Hawk advanced trainer production

Military & Defense

The first U.S. portion of the T-7A Red Hawk advanced trainer has officially entered the Boeing jet’s state-of-the-art production line. The training jet, designated the eT-7A Red Hawk by the U.S. Air Force because of its digital heritage, was fully designed using 3-D model-based definition and data management systems developed at Boeing during the last

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Akbar Travels and Sabre cement 20-year relationship with new strategic partnership agreement

Other News

Software and technology provider Sabre Corporation and India’s largest travel agency, Akbar Travels (Akbar), have signed a new long-term, strategic partnership agreement to further expand Sabre’s footprint in the Indian subcontinent while driving operational efficiencies to increase productivity and profitability for Akbar. Under the extended and expanded agreement, Sabre will continue to be Akbar’s preferred

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Spirit to add Louisville to route map

Airlines & Routes

Spirit Airlines (Spirit) plans to add Louisville—one of the fastest-growing cities in the country—to its route map with nonstop daily service to four cities. Spirit plans to inaugurate service from the Louisville Muhammad Ali International Airport on Thursday, May 27, with flights to Fort Lauderdale (FLL), Orlando (MCO), Las Vegas (LAS) and SDF’s only nonstop

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KLM takes delivery of first Embraer E2 jet

Aircraft & Engines

KLM Cityhopper, the regional subsidiary of KLM Royal Dutch Airlines, has received its first Embraer E195-E2 in a ceremony at Embraer’s facility in Brazil. This first E2 delivery to KLM, and lessor ICBC Aviation Leasing, brings the total number of Embraer jets in the KLM Cityhopper fleet to 50. The total order for 35 jets,

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Heike Tamm