Irish lessor Avolon, which has ten leased jets still trapped in Russia, has recorded a first-quarter US$304 million impairment to cover the full financial impact. “While we continue to make every effort to recover these assets, we are recognising the full impairment this quarter, putting the financial impact of Russian sanctions firmly behind us,” Avolon’s
Spirit Airlines (Spirit) has rejected an offer of US$3.6 billion, US$33.00 per share, made by ultra-low-cost carrier JetBlue at the beginning of April this year. This offer is appreciably higher than the US$2.9 billon, then worth US$25.83 per share, cash and stock offer from Frontier Airlines (Frontier), announced in February this year. Spirit has chosen
Australia’s Qantas Group has confirmed that it will order 12 A350-1000s, 20 A220s and 20 A321XLRs. The news was announced at a ceremony in Sydney attended by Qantas Group CEO Alan Joyce and Airbus Chief Commercial Officer and Head of Airbus International, Christian Scherer. The A350-1000 was selected by Qantas following an evaluation known as
The Commercial Aerospace business of ST Engineering, Mobile Aerospace Engineering and United Airlines (United) have signed a Memorandum of Understanding (MOU) at the MRO Americas 2022 conference in Dallas, Texas, U.S., that aims to have ST Engineering see part of United’s long-term airframe heavy maintenance needs move to the Pensacola International Airport in Florida, U.S.
Qatar Airways has failed in its bid to have a contract for 50 Airbus A321neos reinstated after Airbus revoked it as a consequence of the feud between the two companies over A350 safety issues which has been escalating over the past year. After paint problems were discovered on A350s that Airbus had delivered to Qatar
Air Transport Services Group (ATSG), one of the largest lessors of freighter aircraft and a leading provider of air cargo transportation services based in Wilmington, Ohio, has selected Safran Landing Systems for the retrofit of more than 30 Boeing 767 freighters operated by the company’s subsidiary airlines. This transition to Safran’s wheels and carbon brakes
Boeing and Guangzhou Aircraft Maintenance Engineering Company (GAMECO) have announced the official opening of the first China-based Boeing 767-300 Boeing Converted Freighter (BCF) line, located in Guangzhou. In addition, on-site door cutting of the first aircraft has begun, marking a significant milestone in the conversion process. This is also the first of two 767-300BCF passenger-to-freighter
Headquartered in Übersee am Chiemsee, Germany, AMAG components, formerly Aircraft Philipp (ACP) now a fully owned subsidiary of AMAG Austria Metall AG, has signed a multi-year contract with Ruag Aerostructures to supply parts and components mainly for the Airbus A320. While both parties have agreed not to disclose the full details of the agreement, AMAG
Headquartered at Miramar in Florida, ultra-low-cost carrier Spirit Airlines has announced its intention to strengthen its ties with the Houston, Texas region with the creation of a new aircraft maintenance facility that will be located there at George Bush Intercontinental Airport. The maintenance complex will comprise a large aircraft maintenance hangar, two aircraft bays and
AviaAM Leasing, a global aviation holding company engaged in tailored aircraft leasing and trading services, continues its Passenger-to-Freighter (P2F) conversion project, acquiring one more Boeing 737-800. Since the beginning of AviaAM Leasing’s Passenger-to-Freighter (P2F) conversion project in March 2021, when the first Boeing 737-800 was acquired, the company has been successfully expanding the list of
