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Savback Helicopters signs LoI for 25 Mayman Aerospace Speeders

Having been appointed as the exclusive marketing and sales representative for Speeder in the Nordic countries in June 2022, Sweden-based Savback Helicopters (Savback) has confirmed it has signed a Letter of Intent with Mayman Aerospace for the acquisition of 25 Speeder Air Utility Vehicles (AUVs), making Savback the first civilian purchaser for the aircraft. The

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The B-21 Raider, the world’s first sixth-generation aircraft, unveiled by Northrop Grumman and the U.S. Air Force

Northrop Grumman Corporation and the U.S. Air Force have unveiled the B-21 Raider, the world’s first sixth-generation aircraft which has been designed to meet the most complex of missions. Its sixth-generation capabilities include stealth, information advantage and open architecture and the aircraft will form the backbone for the future of U.S. air power, delivering a

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Air cargo tonnages experienced a sharp decline in mid-August

IATA reveals October year-on-year global cargo capacity down 13.6%

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

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Argentine’s Flybondi doubles fleet size, aims to expand further

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

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Airbus facing jet delivery cutbacks in 2023 owing to competition for engines

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

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Aergo Capital acquires Seraph Aviation, boosting assets by US$2.5 billion

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

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