Boeing to pay US$2.5 billion settlement over 737 MAX criminal probe

Boeing has entered into an agreement with the U.S. Department of Justice (DOJ), which resolves the Department’s investigation into the company relating to the evaluation of the Boeing 737 MAX airplane by the Federal Aviation Administration (FAA). As part of Boeing’s resolution with the DOJ, the Department has agreed to defer prosecution of the company, […]

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Ryanair cuts full year (to March 21) traffic forecast

Traffic

Ryanair has briefed the markets that it now expects the newly announced Covid lockdowns in Ireland, the U.K., and a small number of other EU countries this week, will materially reduce its flight schedules and traffic forecast through January, February and March. Ryanair now expects its January traffic to fall to under 1.25 million passengers,

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IAG Chairman Antonio Vázquez retires

People

International Consolidated Airlines Group (IAG) has released that Antonio Vázquez has retired as a director of the company and chairman of the Board. As previously announced, Javier Ferran has succeeded Antonio as chairman. Javier Ferran, IAG chairman, said: “Antonio was instrumental in the creation and development of IAG and has led the Board with integrity

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Lack of potential demand sees Rolls-Royce put new UltraFan engine on hold

Aircraft & Engines, Top Stories

Rolls-Royce has announced that it will suspend its UltraFan geared-turbofan jet engine once the current testing phase is completed, which will be in 2022. Over US$800 million has been invested in the program which began approaching seven years ago. The British engine maker has indicated that it is not scrapping the engine but will instead

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Skyworld Aviation celebrates 600 transactions with sale of two Avro RJ100s

Aircraft & Engines

Skyworld Aviation has ended 2020 with the sale of two Avro RJ 100 aircraft, serial numbers E3245 (SE-DSS) and 3248 (SE-DSU). This transaction marks its 600th aircraft placement. SE-DSS and SE-DSU were sold to CFS Aero, a maintenance and repair facility with EASA Part 145 and FAA Part 145 approval, specializing in Honeywell ALF502 and LF507

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BBAM takes redelivery of first A321P2F

Aircraft & Engines

ST Engineering, Airbus, and their joint venture Elbe Flugzeugwerke (EFW) have redelivered an A321 passenger-to-freighter (P2F) aircraft to BBAM Limited Partnership (BBAM), a leading aircraft lease management company. This is the first A321P2F redelivery made to BBAM, with several more units to come as contracted with EFW. This first BBAM A321 converted freighter will be

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Jet Parts Engineering acquires AeroSpares

Financial

Jet Parts Engineering (JPE), a PMA parts supplier, has announced the acquisition of AeroSpares. AeroSpares was founded in 1993 to provide airlines with alternate means of customer support, and focuses on reducing aircraft and engine direct and indirect costs with FAA-approved replacement parts for a variety of large commercial aircraft. The transaction was overseen by

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Finnair traffic performance in December 2020

Traffic

In December, Finnair carried 92,500 passengers, which was 92.0% fewer than in the corresponding period of 2019 but 8.8% more than in November 2020. The COVID-19 impact, including the exceptionally strict travel restrictions imposed by Finland, still affected all passenger traffic figures. It was visible especially in the North Atlantic figures (no scheduled flights in

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New appointments of top business development and commercial executives at SR Technics

People

SR Technics has announced new appointments of top business development and commercial executives, reporting directly to Senior Vice President Caroline Vandedrinck. David Settergren started with SR Technics as Vice President Asia mid-November 2020. A seasoned aviation professional, Settergren has over 25 years of experience in the Asia Pacific/Oceania region and had demonstrated success in both

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BOC Aviation reports full-year and fourth-quarter 2020 transactions

Aircraft & Engines

BOC Aviation has posted its operational transactions for the full year 2020, ended December 31, 2020. At the end of 2020, BOC Aviation owned, managed and had on order a total fleet of 553 aircraft. The average aircraft age was 3.5 years and the average remaining lease term was 8.6 years for the 358 owned

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Heike Tamm

Boeing to pay US$2.5 billion settlement over 737 MAX criminal probe

Ryanair cuts full year (to March 21) traffic forecast

IAG Chairman Antonio Vázquez retires

Lack of potential demand sees Rolls-Royce put new UltraFan engine on hold

Skyworld Aviation celebrates 600 transactions with sale of two Avro RJ100s

BBAM takes redelivery of first A321P2F

Jet Parts Engineering acquires AeroSpares

Finnair traffic performance in December 2020

New appointments of top business development and commercial executives at SR Technics

BOC Aviation reports full-year and fourth-quarter 2020 transactions

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