Digital Aero Technologies invests €1 million into aviation tech businesses Locatory.com and Enginestands.com

December 30, 2021

Digital Aero Technologies, established by global aviation services group Avia Solutions Group, has announced that two more companies have joined the digital family – Locatory.com and Enginestands.com. The recently established holding Digital Aero Technologies plans to cover various tech areas and fields – from news and recruitment to smart tools and online platforms. The holding

IAG steps back from current Air Europa acquisition to assess options

December 17, 2021

With every indication that European competition regulators would likely veto the takeover of Air Europa by IAG, IAG has opted to withdraw from current negotiations to assess the potential for some form of future tie-up. IAG owns multiple airlines including Spanish carriers Iberia, Vueling and Level. Indications are that European regulators were concerned that the

ASI Aero forms joint venture with initial investment of US$32 million

December 17, 2021

Aeronautical Support International (ASI Aero) has announced the formation of Team Aero Partners to target investments in aviation commercial assets to support the Used Serviceable Material (USM) and “Green-Time” aircraft engine leasing markets. ASI Aero entered into this joint venture agreement with a New York-based private capital partner. As the operating member ASI Aero will source

JSSI accelerates digital strategy with TRAXXALL acquisition

December 15, 2021

Jet Support Services, Inc. (JSSI), an independent provider of maintenance support and financial services to the business aviation industry, has announced the acquisition of TRAXXALL. Founded in 2013, TRAXXALL provides software-as-a-service (SaaS) solutions for aircraft maintenance tracking, parts inventory management and cloud-based software to enhance aircraft maintenance, repair and overhaul workflow. Headquartered in Montreal, Canada,

Improved travel demand enables Air France-KLM to pay back €500 million of €4 billion loan

December 14, 2021

With demand for travel showing signs of a recovery and improved access to capital markets, Air France-KLM will repay €500 million of a €4 billion loan from a consortium of nine French State banks. The original loan was provided to the carrier to help it negotiate the knock-on effects of the global pandemic. In addition

Delta Air Lines will make investments in Virgin Atlantic, Aeromexico and LATAM

December 14, 2021

Delta Air Lines will make investments in Virgin Atlantic, Aeromexico and LATAM as the partner airlines transform their businesses to emerge from the global pandemic stronger and more resilient. Prior to the pandemic, Delta was achieving record international growth attributed to a combination of organic growth and its global partner network. Over the past ten

TUI reports £2.1 billion annual loss as new COVID variant threatens winter bookings

December 9, 2021

Hanover, Germany-based Touristik Union International (TUI), the world’s largest leisure, travel and tourism company is considering a potential cut to the remainder of its winter schedule as a consequence of the new Omicron COVID-19 variant begins to spread, globally. This comes on the back of the group reporting a loss of £2.1 billion for the

Safran enters exclusive discussions to acquire Orolia

December 8, 2021

Safran has entered exclusive discussions to acquire Orolia from Eurazeo alongside the founders and management. Orolia is a leader in Resilient Positioning, Navigation and Timing (PNT) solutions which improve the reliability, performance and safety of critical civilian, military and space operations, including in harsh or altered Global Navigation Satellite System (GNSS) environments. Orolia has a

LCI acquires Nova Capital Aviation (Ireland)

December 2, 2021

Aviation leasing company LCI, has announced an agreement to acquire Nova Capital Aviation (Ireland), a division of the Nova Capital Group. Nova Capital Aviation (Ireland) represents the twin-engine rotary and fixed-wing aircraft lease division of the Nova Capital Group, with single-engine operations remaining within the Group. The acquisition will result in a substantial expansion of

easyJet has opened its new Integrated Control Centre (ICC) in Luton, UK © easyJet

easyJet posts wider-than-expected headline fiscal 2021 pre-tax loss

December 1, 2021

easyJet Plc (easyJet) has posted a wider-than-expected headline loss for the fiscal year 2021 which the low-cost carrier has put down to the continued disruptive effect of the COVID-19 pandemic. The Luton, UK-based airline flew 58% fewer passengers compared to the prior-year period at 20.4 million. Total revenue declined by 52% which easyJet attributed to

Financial