After the early repayment of the first loan instalment of €30 million in July 2021, Austrian Airlines repaid another €30 million on December 31, 2021. By the end of 2021 the national carrier has repaid the first €60 million of the state-guaranteed loan worth a total of €300 million. Despite the ongoing pandemic, the airline
Gamit has announced the successful agreement of the merger between AMAC Aerospace Switzerland AG and Gamit Limited UK. For a number of years Gamit and AMAC Aerospace have collaborated on many projects and supported client needs, this announcement complements the great collaboration between the two organisations. Since 1990, Gamit’s primary services are in the field
GA Telesis’ MRO Services Group has achieved a new record year in its financial metrics. As the 2021 fiscal year ends, the company reported sales and earnings above 2019 pre-pandemic levels. The stellar performance resulted from steps taken during 2020 to ensure continued supply of parts, accelerated hiring and retention practices during the pandemic, new
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
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
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
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,
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 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
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
