The International Air Transport Association has released its global cargo demand figures for the month of October, revealing a year-on-year drop of 13.6%, the first year-on-year contraction since April. However, on a month-on-month basis, international cargo capacity was up by 2.4% as the end of year peak season approaches. IATA also pointed out that new
Long-time Bombardier customer and owner of the largest private jet fleet, NetJets is to become the launch customer for the new Bombardier Global 8000 jet. A subsidiary of Berkshire Hathaway, NetJets has placed an order for four Global 8000 jets and has also converted eight of its current orders to the new model, so adding
Having announced its 2X expansion plan in 2021, Argentinian low-cost carrier Flybondi has taken delivery of its tenth Boeing 737-800 NG with a capacity of 189 passengers, thus doubling its fleet size, with a further two deliveries planned before year end. The carrier also plans to lease five further 737-800s during 2023. During 2022 Flybondi
While Airbus is currently remaining quiet until it releases its next delivery bulletin in December, unnamed internal sources have commented that the European plane manufacturer is expecting to face further delays in 2023 for the delivery of its medium-haul aircraft owing to supply chain and labour problems, predominantly focused on the supply of engines. Part
One day after Qantas raised its profit forecast for the second time in six weeks, the largest section of its workforce, flight attendance, have voted almost unanimously to take protected strike action unless a better pay deal is put on the table. No specific dates for such action have yet been set. The escalation of
Aergo Capital (Aergo) has announced the company’s acquisition of Dublin, Ireland-based Seraph Aviation Management Limited (Seraph Aviation) for an undisclosed sum. The deal will see Aergo take over the management and administration of 88 aviation assets spread across 38 unique lessees with a combined asset value of US$2.5 billion. This will see the total number
Based in West Sussex in the UK, the AJW Group, an independent world leader in aircraft component parts, repair, and supply chain solutions provision, has announced it is now to offer aircraft remarketing. The new division will comprise a team of highly experienced remarketing specialists and will provide a tailor-made service to meet the challenging
Los Angeles-based Ampaire has announced the successful maiden flight of its eight-seater Eco Caravan, the first in a series of hybrid electric aircraft planned by the company to help carriers transition to sustainable aviation. The 33-minute flight of a converted Cessna Grand Caravan took place at Camarillo Airport in California, reaching an altitude of 3,500
Boeing has released its latest biennial World Air Cargo Forecast (WACF) in which it has predicted both a 60% expansion of the world’s freighter fleet and also a doubling of cargo traffic over the next 20 years. This equates to 2,800 converted and purpose-built aircraft through to 2041. The American planemaker also sees strong demand
Rolls-Royce has announced that its Advanced Low Emissions Combustion System (ALECSys) demonstrator engine has entered into its final testing phase with successful testing at altitudes up to 40,000 feet. The testing also included several engine relights under varying conditions. The ALECSys system involves an innovative lean-burn combustion system which improves the pre-mixing of fuel and
