With global travel restrictions still being hampered by the COVIDF-19 pandemic, this has had a substantial effect on the business performance of Lufthansa Group in the first quarter of 2021. Carsten Spohr, CEO of Deutsche Lufthansa AG, commented that: “The longer the crisis lasts, the greater people’s desire to travel again becomes. We know that
Scandinavian Airlines System Aktiebolag (SAS AB) has announced that the Board of Directors has appointed Avianca Holdings’ CEO Anko van der Werff as the new President and CEO of SAS AB. He will take up his new position with the Group on July 15, 2021. Van der Werff has held senior positions in the aviation
Spirit AeroSystems has announced a planned expansion of its aftermarket presence in the Asia-Pacific region by signing a joint venture agreement with Evergreen Aviation Technologies Corporation (EGAT). The new agreement is expected to complement Spirit’s recent acquisition of Applied Aerodynamics and last year’s acquisition of select Bombardier assets, and further strengthen its global maintenance, repair,
JetBlue Airways’ (JetBlue) first Airbus A220-300 aircraft powered by Pratt & Whitney GTF™ engines, has officially entered scheduled service with the first revenue flight from Boston Logan International Airport (BOS) to Tampa International Airport (TPA). The aircraft – which was assembled at Airbus’s U.S. production facility in Mobile, Ala. – is scheduled to operate between
Leonardo has entered into a definitive agreement with Square Lux Holding II S.à r.l., a portfolio company controlled by funds advised by Kohlberg Kravis & Roberts & Co., to purchase a 25.1% stake in HENSOLDT AG (HENSOLD) for a cash consideration of approx. €606 million or €23 per share. HENSOLDT is a leading European player
GE Capital Aviation Services (GECAS) has agreed a purchase/leaseback (PLB) arrangement for 14 LEAP-powered Airbus neo aircraft with IndiGo. The deal involves seven A320neo and seven A321neo aircraft which are scheduled to deliver between the fourth quarter of 2021 and mid-2022. GECAS has supported Indigo since the carrier’s inception in 2006 and it is currently
Airbus has reaffirmed its intention to build a stronger aerostructures assembly value chain across its industrial system to its social partners, and considers aerostructures assembly as core to its business. Airbus presented its plans to create two integrated aerostructures assembly companies at the heart of its industrial system in order to reinforce its value stream
Having bought back Stobart Air from Bankruptcy in April last year, Stobart Group, now renamed Esken, has agreed to sell the airline to Ettyl for an initial, token £2.00. Ettyl is an Isle of Man-based startup whose CEO is 26-year-old serial entrepreneur Jason Scales who runs a blockchain and technology incubator called The Hubb. In
United Airlines (United) has released its first-quarter financial results, revealing a greater-than-anticipated loss which the American carrier has attributed to a combination of rising fuel costs and a drop in capacity as airlines struggle to cope with the lack of demand due to the COVID-19 pandemic. Compared to the previous three months, fuel prices rose
Boeing has reported that aircraft lessor Dubai Aerospace Enterprise (DAE) is growing its 737 MAX portfolio with an order for 15 737-8 jets. DAE had been investing in the 737 MAX by buying jets from existing customers and leasing them back to the carriers. The new order is DAE’s first direct 737 MAX purchase from
