MTU Aero Engines has reported that according to information released on September 11, by Pratt & Whitney, the ongoing geared turbofan inspection programme will result in 600 to 700 additional shop visits for PW1100G-JM engines in the coming years and an average of 350 aircraft on ground (AOG) in the period 2024 to 2026. The
Rhenus Group has released details of the further expansion of its existing presence in the Latin America (LATAM) market through strategic initiatives designed to enhance its service portfolio and capitalize on the region’s growing potential for globally connected supply chains. The company has announced its acquisition of Colombia-based BLU Logistics and a majority shareholding of
Saab has announced the acquisition of BlueBear Systems Group, United Kingdom. The addition of all shares in BlueBear is part of Saab’s continued international growth journey across key markets, which include the United Kingdom, Australia, the United States and Germany. BlueBear is a provider of AI-enabled autonomous swarm systems for complex defence and security applications.
Linköping, Sweden-based Industrial Financial Systems (IFS) the global cloud enterprise software company, has announced the signing of a definitive agreement to acquire Falkonry Inc., a California-based Industrial AI software company which provides automated, high-speed data analysis to both the manufacturing and defence industries. The AI-based, self-learning solution continuously monitors substantial volumes of data for assets,
The United States Government has fined American Airlines US$4.1 million for delaying the disembarkation of passengers on numerous flights which encountered long ground delays. The American carrier has 30 days in which to pay half the fine, the remainder being credited to American Airlines for compensation already paid to passengers. The U.S. Department of Transportation
Schiphol Airport‘s first six months marked the beginning of a turnaround for passengers, employees and the airport’s future plans, the group stated. Passengers had a good travel experience again and Schiphol intensified its initiatives to improve working conditions. Another development that characterised the first six months was the plan Schiphol presented to be quieter, cleaner
S&P Global Ratings (S&P) has upgraded Delta’s credit rating, citing the company’s financial performance and continued strong demand for air travel. The firm, which evaluates and assigns ratings to companies based on how they measure financial results, upgraded Delta to a “BB+” rating, one step below an investment-grade rating. “The company, along with its mainline
The Qantas Group has posted its first full year statutory profit since FY19. For the full year 2023 (FY23), the Group achieved an underlying profit before tax of AU$2.47 billion and a Statutory after tax profit of AU$1.74 billion. This compares with AU$7 billion in accumulated statutory losses over three prior years. Underpinning the profit was
Norwegian Air Shuttle (Norwegian) has delivered an operating profit (EBIT) of NOK 651 million in the second quarter, which was characterised by strong operational performance amidst ramping-up into the busy summer travel season. Furthermore, the airline and Strawberry’s new loyalty company announced that Avida has been selected as the preferred financial partner. Together with Norwegian’s
Swissport Deutschland GmbH (Swissport) has successfully completed its acquisition of a 74.9% stake in Flughafen Düsseldorf Cargo GmbH (Flughafen Düsseldorf) for the creation of a cargo joint venture which will operate under the name of Swissport DUS Cargo Services GmbH. The new partnership came into effect on August 17. The completion of the deal follows
