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Embraer’s new China market outlook predicts regional aircraft to lead the way in post-pandemic era

Embraer will reveal its latest outlook for the Chinese commercial aviation market at the Zhuhai Airshow today, September 28, the 13th China International Aviation and Aerospace Exhibition. The report predicts new aircraft deliveries over the next 20 years based on passenger demand for air travel in the post-pandemic era. Embraer forecasts that 1,445 new aircraft in

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Wencor and PMA Aeroparts announce exclusive global distribution agreement and strategic partnership

PMA Aeroparts has selected Wencor as its exclusive global distribution partner for its Part Manufacturer Approval (PMA) product line, approved by the FAA under AP part number references, effective immediately. The global agreement includes filtration, sensors, switches, controls and hardware products, which will boost Wencor’s material solution offerings. Mark Hansson, President & CEO of PMA

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Collins Aerospace to acquire FlightAware

Collins Aerospace, a Raytheon Technologies business, has signed a definitive agreement to acquire privately held FlightAware, a leading digital aviation company providing global flight tracking solutions, predictive technology, analytics and decision-making tools. Closure of the acquisition is subject to the completion of customary conditions and regulatory approvals. Following closing, FlightAware will join Collins’ Information Management Services portfolio within the company’s avionics strategic business unit. Financial

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Goshawk extends US$500 million secured warehouse facility to 2023

Goshawk, the Dublin-based global aircraft lessor, has extended US$500 million secured warehouse facility. This facility, originally put in place in 2015, is now extended to July 2023 and provides flexible capital that can be used to finance Goshawk’s target asset types of primarily young, new technology, narrow-body aircraft. Goshawk entered the extension agreement with HSBC

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BOC Aviation posts first-half 2021 net income of US$254 million

BOC Aviation has announced its unaudited results for the six months ended June 30, 2021. The company reported net profit after tax (NPAT) of US$254 million for the first half of 2021. Profitability has improved since the second half of 2020, as the earnings and cash flow outlook improved for most of its airline customers,

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Kingdom of Saudi Arabia to accept IATA travel pass

The General Authority of Civil Aviation (GACA) of the Kingdom of Saudi Arabia (KSA) has accepted IATA’s Travel Pass to confirm pre-departure COVID-19 test results for departing and arriving passengers starting September 30, 2021. Eventually, this acceptance will be expanded to vaccine certification. Travelers to/from the KSA will have the choice of using either the

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Direct Maintenance to provide line maintenance services for China Southern Airlines in Africa

Direct Maintenance, a certified line maintenance service provider, part of Magnetic MRO, has announced the recent expansion of their partnership agreement with China Southern Airlines, one of Asia’s leading airlines and taking over full technical handling of the operator’s fleet line maintenance services in Nairobi, Kenya. “This is the first time a Chinese aircraft has

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Air Canada completes refinancing transaction exceeding CA$7.1 billion

Air Canada has closed its previously announced private offering of CA$2.0 billion of 4.625% senior secured notes due 2029 and US$1.2 billion of 3.875% senior secured notes due 2026. Air Canada also closed its previously announced US$2.9 billion new senior secured credit facility, comprised of a US$2.3 billion new term loan B maturing in 2028

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