FLYHT has signed contracts over the past six months with six new airlines including three in China, for a total of 13 aircraft, that will install the Automated Flight Information Reporting System (AFIRS) and/or sign up for UpTime products, generating recurring revenue. Aggregate revenue on all six contracts will be approximately US$615,000 provided FLYHT completes
After last Thursday’s tragic events in Brussels, including two bombs which exploded at Brussels Airport taking the lives of eleven victims, no confirmation has yet been made as to when the airport will reopen. While the main structure of the building has been inspected by engineers, technicians and independent specialists and it has been confirmed
Republic Airways Holdings has reached agreement with Delta Air Lines, to holistically restructure the parties’ codeshare relationship. The motion filed in the United States Bankruptcy Court for the Southern District of New York is a significant first step towards achieving the goals established at the outset of this case, and upon approval by the court,
IATA (International Air Transport Association) has become a formal complainant in an investigation being performed by the EC’s Directorate General for Competition (DG-COMP) in relation to suspected abuse of dominant positions by aircraft equipment manufacturers. Last year, questionnaires were sent out by the DG-COMP to a number of industry stakeholders in which they asked for
Unmanned Aerial Vehicle (UAV) or drone sales continue exponential growth with analysts forecasting global sales to reach a staggering US$36.9bn in just six years. Already one of the world’s leading manufacturers of hobby drones, DJI, generated revenue of US$1bn in 2015 alone. As a consequence of drone systems leading the way in aerospace manufacturing, many
HYDRO Systems USA, launched a new Service Center located minutes from Dulles International Airport, just outside of Washington, DC. This is HYDRO’s second US-based service center focussed on maintenance, repair and recertification of aerospace Ground Support Equipment (GSE) and maintenance tooling. The facility is located near the Airbus Americas facility in Ashburn, VA to provide
GOL Linhas Aéreas Inteligentes, has hired SkyWorks Capital, a specialized financial advisory firm, to assist the Company in discussions with its aircraft lessors with the objective of renegotiating certain commercial terms of the leases. The engagement of SkyWorks is part of the Company’s business plan and is consistent with previously disclosed measures aimed at optimizing
Airline Services Interiors has won a significant contract from IAG member airline, Aer Lingus for a major enhancement on three of its Boeing 757-200 aircraft. Modifications cover work on integrating a new cabin arrangement with the installation of new lie-flat Thompson Aero Vantage business class seating, monuments, the fitting of Zodiac Inflight Innovations IFE and
Panasonic Avionics has been selected to supply the Cabin Services System (CSS) on the new family of Boeing 777X aircraft. Panasonic is currently the supplier of CSS on all Boeing 787 Dreamliners and 747-8 Intercontinental aircraft. Panasonic’s CSS is a scalable, database driven, Ethernet-based network that provides core cabin functions such as passenger address, cabin
Four days after the arrest in Brussels of Salah Abdeslam, the known IS terrorist believed to have been heavily involved in the terrorist attacks in Paris, the Belgian capital has been rocked by three explosions. Two of these took place early in the day at the city’s Zaventem Airport where 11 people are believed to
