China Eastern and China Southern sign extended Fleet Hour Agreement with IAE for 100 P&W V2500 engines powering 50 Airbus A320ceos

November 7, 2022

China Eastern Airlines (China Eastern) and China Southern Airlines (China Southern), two of China’s largest carriers, have signed maintenance support contracts at the China International Import Expo 2022. The agreement will cover engine and component MRO including spares support as well as diagnostics and engine monitoring for over 100 Pratt & Whitney V2500 engines that

Bombardier reports strong third quarter 2022 results plus US$100 million debt paydown

November 4, 2022

Bombardier has announced its financial results for the third quarter of 2022, marked by solid revenues, a significant improvement in adjusted EBITDA, continued positive free cash flow generation and a growing backlog that reflects strong order activity. In summary, the results show solid third quarter revenues of US$1.5 billion include a 20% year-over-year aftermarket increase

Lufthansa and trade union UFO reach agreement on pay deal for 19,000 cabin personnel

November 3, 2022

German flag-carrying airline Lufthansa and Unabhängige Flugbegleiter Organisation e.V. (UFO) the trade union representing 19,000 cabin personnel have reached an agreement over a new pay structure for existing staff and terms for newly recruited cabin personnel. As of January 1, 2023 basic monthly pay will be increased by €250.00 and annual pay will be subject

Since December 1, SAS has introduced plastic-free food packaging across its flights departing from Copenhagen, Oslo, Arlanda and Gothenburg

SAS secures lease agreements for further seven aircraft under Chapter 11

November 2, 2022

On July 5, 2022, SAS AB (Scandinavian Airlines or SAS) the flag-carrying airline of Norway, Denmark and Sweden filed for bankruptcy in the U.S. courts under Chapter 11 as part of a business restructuring plan called SAS FORWARD. Three of the key elements of this plan were to immediately reduce annual operating costs by between

Jazeera Airways post impressive nine-month US$67.05 million net profit

November 1, 2022

Kuwaiti carrier Jazeera Airways has posted a net profit of US$67.05 million for the first nine months of 2022, primarily as a consequence of a 410% increase in passenger numbers compared to the same period in 2021. Total revenue for the period was US$454.65 million, up 197.9% year-on-year, while operating profit stood at US$8.06 million.

Old Airbus A320 given new lease of life as Hydrogen Aviation Lab for Lufthansa Technik

October 31, 2022

Lufthansa Technik, a leading global provider of aircraft maintenance, repair, overhaul and modification services, has created a Hydrogen Aviation Lab out of an old, decommissioned Airbus A320 aircraft. The Hydrogen Aviation Lab will be used to trial maintenance and ground processes for hydrogen-powered aircraft of the future. Hydrogen is anticipated to play a major role

IAG shareholders approve purchase of 50 Boeing and 37 Airbus commercial jets

October 28, 2022

In separate statements issued by the worlds two largest aircraft manufacturers, Airbus and Boeing have both received firm orders for a combined total of 87 aircraft with options for a further 100 from International Airlines Group (IAG). Boeing received the lions share with an order for 50 737-8-200s and 737-10s combined, the order having been

Boeing stock unmoved despite shock multi-billion-dollar quarterly loss

October 27, 2022

In contrast to predictions of a US$347 million profit for the third quarter of the year by analysts surveyed by Refinitiv, Boeing Co. has posted a quarterly loss of US$3.3 billion, appreciably worse than the US$132 million it posted for the same quarter last year. The news has come as even more of a surprise

Ampaire and MONTE sign deal for up to 50 Cessna Eco Caravans

October 26, 2022

MONTE, a financier of sustainable regional aviation technologies, has placed a firm order for 25 hybrid-electric Cessna Eco Caravan aircraft with Ampaire, with an option for a further 25 of the aircraft included in the deal. Established in 2016, Los Angeles-based Ampaire is involved in upgrading and converting existing passenger aircraft to hybrid-electric power. The

IATA confirms Turkish Technic to join its MRO SmartHub platform

October 25, 2022

The Geneva-based International Air Transport Association (IATA) has confirmed that Turkish Technic, a provider of maintenance, repair, and overhaul (MRO) services for commercial aircraft and business jets is to join its MRO SmartHub platform which was developed in conjunction with technology partner Opremic. IATA’s MRO SmartHub is a neutral web-based platform which allows airlines, MRO

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