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,
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
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
HAECO Group has reported that Klaus-Peter Leinauer has joined the Group as Vice President of Group Commercial for Europe, Middle East and Africa (EMEA). Based in Germany and reporting to the group’s Hong Kong-based Chief Commercial Officer, Leinauer will oversee the Group’s efforts in strengthening commercial focus in the EMEA regions. He has extensive experience
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
Siemens and SITA are providing the Kansas City Aviation Department with future-proof, scalable technologies for Kansas City International (MCI) Airport’s new terminal project, dubbed Build KCI. The new one million ft², 39-gate terminal will include a variety of building automation, fire and life safety systems, and security systems from Siemens, as well as IT networks
Chorus Aviation has reported net income of CA$21.5 million, a quarter-over-quarter decrease of CA$7.6 million primarily due to the continued impact of COVID–19 on results related to off-lease aircraft, negotiated amendments to certain lease agreements including extensions, the 2021 CPA amendments and lower unrealized foreign exchange gains of CA$10.7 million. The company reported adjusted net
A major international cargo operator has selected Thomas Global’s TFD-7076 LCD displays from the TFD-7000 series to replace the legacy Cathode Ray Tube (CRT) Engine Indicating & Crew Alerting System (EICAS) displays remaining in the operator’s Boeing 767 flight decks, which had previously been retrofitted by Innovative Solutions & Support Inc. (IS&S). The TFD-7000 Series
Magnetic MRO, a Total Technical Care and Asset Management organization, has signed a chemical consignment agreement with Aerospheres U.K., a London-based leader in real-time distribution of chemicals, paints, adhesives, sealants, and composites in support of commercial airline MRO operations worldwide. Aeropsheres U.K. has been a long-term partner of Magnetic MRO, supplying chemicals and adhesives to
Astronics Corporation, a leading supplier of advanced technologies and products to the global aerospace, defense, and other mission-critical industries, has reported financial results for the three- and six-month periods ended July 3, 2021. Consolidated sales were down US$12.5 million from the second quarter of 2020. Aerospace sales were down US$13.4 million, and Test System sales
