Finnair has raised its guidance for comparable operating result for the full-year 2023. This is partly as it expects travel demand to continue stronger than previously anticipated, while fuel price development has been more favourable than expected and the company’s strategy implementation has progressed better than anticipated. Contrary to the previous guidance, the company estimates that the
A strategic cooperation between Maastricht Aachen Airport (MAA) and Royal Schiphol Group has commenced. On June 8, 2023, the province of Limburg and Schiphol signed the cooperation agreement. Schiphol is acquiring a 40% stake in MAA and the province of Limburg is keeping a 60% stake. The parties are committed to further developing MAA into
Amadeus, a leading travel technology company, has acquired a minority stake in CAPHENIA, a future producer of synthesis gas, the feedstock of sustainable aviation fuel (SAF). The German-based company has developed an innovative approach to produce SAF in a more affordable and scalable way. The decision is part of a wider commitment on behalf of Amadeus
VoltAero’s Cassio 330 electric-hybrid aircraft development programme has received a financial boost from the French government in the form of a €5.6 million grant via BPI France. The financing was made available through the “France 2030” investment plan, which had previously been established by the French government to assist with sustainably transforming key sectors of
AIP Capital (AIP), a global aviation asset management and investment firm, announced the closing of a US$230 million acquisition facility. The non-recourse facility provides financing for the purchase of seven Boeing 737 MAX 8 aircraft, that have been delivered or are scheduled to be newly delivered between 2021 and 2023, and are on long-term leases,
Safran has announced its exclusive negotiations with Air Liquide for the acquisition of Air Liquide advanced Technologies’ aerospace technology oxygen and nitrogen activities, excluding the cryogenic activities related to marine applications. The aeronautical technologies activities of Air Liquide, based in Sassenage, France at its Campus Technologies Grenoble site, primarily focus on oxygen and nitrogen equipment
GTLK Europe DAC and GTLK Europe Capital DAC, two Russian state-owned aircraft and shipping leasing firms, both registered in Ireland, have both been ordered to be wind up by the Irish High Court. The orders have resulted in the dismissal of an application for both companies to be placed into examinership. Combined, the two companies
SAS has see continued positive trend for passenger demand through the second quarter. The carrier reported that 5.4 million passengers flew with SAS during the quarter, which represents an increase of 36% compared with the same period last year. The overall underlying demand for travel was healthy during the quarter, despite the economic uncertainties in
The Qantas Group will establish an AU$400 million climate fund to provide direct investments in sustainability projects and technologies, as the airline works towards its emissions reduction targets. The Qantas Climate Fund, announced as part of the Group’s Investor Strategy Day, will be the largest aviation fund of its kind. The fund includes the ~AU$290 million
Deutsche Lufthansa AG (Lufthansa) has agreed with the Italian Ministry of Economy (Ministero dell’Economia e delle Finanze, MEF) to acquire a 41% stake in ITA Airways through a capital increase of €325 million (£283 million). As part of the agreement, the MEF has also committed to a capital increase of €250 million into ITA. Lufthansa
