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
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
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.
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
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
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
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
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
Altavair L.P. (Altavair), an asset manager focusing on the acquisition of new and used commercial aircraft for leasing to domestic and international passenger airlines and cargo operators, has announced that it has entered into a definitive agreement with Amazon Air for the lease of ten Airbus A330-300 jets. The aircraft are due to commence delivery
AJW Group has announced that it has signed a new Aircraft Component Repair agreement with JOB AIR Technic (JOB AIR) to provide the latter with aircraft support. The agreement will support JOB AIR Technic with a closed-loop power-by-the-hour (PBH) support contract for the supply and repair of components including logistic services and a support pool
