The European Union has approved Lufthansa‘s acquisition of a 41% stake in ITA Airways, subject to key concessions, the Handelsblatt reported. This antitrust approval was granted in July, but only after Deutsche Lufthansa agreed to measures designed to ensure fair competition, as confirmed by the EU Commission on Friday, November 29. These measures include providing
In the final week of November (week 47), global air cargo tonnages remained stable compared to the previous week, while rates continued to rise, reaching the highest levels of 2024. According to WorldACD Market Data, global average rates increased by 2% week-on-week (WoW) to US$2.79, driven by rising spot rates from North America (12%) and
Willis Sustainable Fuels (UK) Limited (WSFL) has entered into a master services agreement with McDermott, a fully-integrated provider of engineering and construction solutions to the energy industry, to provide early engineering, procurement and construction (EPC) services for its sustainable aviation fuel (SAF) initiative. The collaboration begins with WSFL’s first planned SAF facility in Teesside, which
Coulson Aviation, a renowned provider of aerial firefighting services, has announced a new contract with Chile’s National Forest Corporation (CONAF) through its strategic partnership with BRYSA. This agreement expands Coulson’s commitment to aiding firefighting operations in Chile with a versatile fleet, including a Boeing 737 FireLiner™, C-130 Hercules, and Citation Air Attack aircraft. A key
A DHL cargo plane has crashed near Vilnius Airport in Lithuania during its final approach and subsequently collided with a house, killing the pilot and injuring three crew members aboard, officials have reported. The crash occurred in the early hours of Monday morning (November 25), causing significant damage to the area and prompting a large-scale
Daiwa Securities Group and Airborne Capital have announced a transformative partnership aimed at expanding investment opportunities in the aircraft leasing sector, a key driver of Japan’s post-COVID economic recovery. The joint venture, expected to be named Daiwa Airborne, will combine the strengths of both companies to provide tailored fleet options and stable returns, setting a
With COP29 coming to a close, IBA, the aviation market intelligence and advisory company, has forecast a growing divergence between mandated demand for sustainable aviation fuel (SAF) and the demand based on larger airlines’ planned SAF use. From around one million tonnes in 2024, IBA predicts that SAF production will grow substantially to 26.8 million
GA Telesis, a global pioneer in aerospace ecosystem solutions, has announced the establishment of its state-of-the-art Digital Innovation and R&D Centre in Ankara, Türkiye. This marks a pivotal advancement in the company’s digital transformation strategy and bolsters the capabilities of GA Telesis’ Digital Innovation Group. The facility will enable the in-house development of the company’s
Lufthansa Cargo’s subsidiary, time:matters GmbH and Shenzhen Airport Group Co., have announced plans to deepen their partnership, focusing on logistics handling services. Shenzhen Airport, located in the Guangdong-Hong Kong-Macao Greater Bay Area, is a key player in the e-commerce sector and has experienced a significant rise in cross-border air transport volumes. Since July 2024, Lufthansa
Pan Am Flight Academy has reported the acquisition of its newest Level D B737-NG Full Flight Simulator (FFS). This cutting-edge simulator has been installed at the new Pan Am Flight Academy training centre located in the Axis Park complex in Hialeah, FL. Equipped with Boeing 737-NG standard specifications, the simulator features the CFM-56 engine. It
