Alaska Air Group has announced that it has converted nine of its April 2016 options to firm purchases for Brazilian planemaker Embraer’s E175 jets under a Capacity Purchase Agreement (CPA) at a list price of US$449.1 million. “We have navigated through the pandemic and we’re on a solid path to recovery. The E175 remains a
The wholly owned aviation asset management unit of Singapore Technologies Engineering (ST Engineering) and the Singapore-headquartered investment company Temasek have announced the intention to create a 50-50 joint venture for freighter aircraft leasing to meet the expanding demand for freighter aircraft as e-commerce and air cargo volumes expand globally. The JV has set a five-year
In an effort to reduce current losses plaguing the A220 program, Airbus has appointed Benoit Schultz, a former Bombardier employee and a current supply chain executive with the European planemaker, to the role of running the Canadian operation. He will adopt his new role on September 1, when the current chief, Philippe Balducchi, leaves to
Air T, an industrious American holding company which operates a group of independent, yet interrelated, aviation businesses, has announced the formation of a new aircraft asset management business called Contrail Asset Management (CAM), and a new aircraft capital joint venture called Contrail JV II LLC (CJVII). The new joint venture has been formed as a
With the boom in express delivery services and a burgeoning e-commerce market, demand for the Boeing 737 800BCF (Boeing Converted Freighter) has further increased. As a consequence, Boeing has chosen to create two new, dedicated production lines for the 737 variant in conjunction with Cooperativa Autogestionaria de Servicios Aeroindustriales (COOPESA) in Alajuela, Costa Rica. Both
The International Air Transport Association (IATA) released March 2021 data for global air cargo markets showing that air cargo demand continued to outperform pre-COVID levels (March 2019) with demand up 4.4%. March demand reached the highest level recorded since the series began in 1990. Month-on-month demand also increased, albeit at a slower pace than the
Having announced at the 2019 Heli-Expo in Atlanta that it intended to create a U.S.-based Helicopter Training Academy, Leonardo S.p.A. has officially opened its brand-new, state-of-the-art Helicopter Training Academy in Philadelphia on schedule, despite the problems faced dealing with the COVID-19 pandemic. The Academy is located on its existing campus in northeast Philadelphia that also
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,
