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Airbus and Ecocopter to strengthen UAM presence in Latin America

Airbus has announced that it has signed a Memorandum of Understanding (MoU) with Ecocopter to expand urban air mobility (UAM) services in a number of Latin American countries with the intent to create a fully functioning UAM ecosystem in the region. Initially the partnership will involve the exploration and definition of launch scenarios for air

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Dominican Republic launches Caribbean’s first ultra-low-cost carrier

Newly launched Arajet is the Dominican Republic and Caribbean’s first ultra-low-cost airline and is based in the capital, Santo Domingo, on the south-western side of the island. The flag-carrying airline will serve 22 destinations in 12 countries over the upcoming months, expanding its operations later this month with the addition of routes to Saint Maarten

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Lufthansa and OMV sign significant MoU for supply of 800,000 litres of SAF

The Lufthansa Group (Lufthansa) has signed a Memorandum of Understanding (MoU) with Österreichische Mineralölverwaltung Aktiengesellschaft (OMV), the global chemicals and energy group, for the supply of in excess of 800,000 litres of sustainable aviation fuel (SAF) over a seven-year period between 2023 and 2030. The already existing partnership between the two companies will now be

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SAS

Scandinavian Airlines gets all-clear for US$700 debtor-in-possession financing

Scandinavian Airlines (SAS), the flag-carrying airline of Norway, Denmark and Sweden, has successfully obtained U.S. court approval of its proposed US$700 million (£603 million) debtor-in-possession (DIP) financing credit agreement. DIP financing is a specific form of financing used when a business has filed for Chapter 11 bankruptcy protection in a U.S. court and is also

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Air cargo tonnages experienced a sharp decline in mid-August

IATA reveals air cargo demand back to near pre-pandemic levels for July

The International Air Transport Association (IATA) has released figures for global air cargo demand for July, indicating a return to near pre-pandemic levels. As a consequence, the figures provided are predominantly a year-on-year comparison as opposed to previous comparisons with the 2019 period. Demand continued to track at near pre-pandemic levels in July (-3.5%), but

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