Air Lease Corporation’s (ALC) total revenues for the three months ended March 31, 2023, increased by 6.6% to US$636.1 million as compared to the three months ended March 31, 2022. The increase in total revenues was primarily driven by the continued growth in the company’s fleet partially offset by a net decrease in end-of-lease revenue.
JetSMART Airlines, a South American ultra-low-cost carrier created by US private investment fund Indigo Partners, is now live with AMOS Airline edition. As an ultra-low-cost company JetSMART has outsourced most of its operations (including CAMO and maintenance) as part of its ULC strategy. To fulfil its business strategy of ultra-low-cost, AMOS has been recognised as
JETMS Holdings, a global maintenance and interior solutions provider, is broadening its services portfolio. Building on extensive previous experience in the aviation industry, the company has now decided to extend its solutions to commercial aviation, with a primary focus on interior solutions. To facilitate this expansion, JETMS Holdings is opening a new hangar space in
The International Air Transport Association (IATA) has reported that February air travel demand has continued to grow, based on February 2023 traffic results. Total traffic in February 2023 (measured in revenue passenger kilometres or RPKs) rose 55.5% compared to February 2022. Globally, traffic is now at 84.9% of February 2019 levels. Domestic traffic for February rose 25.2%
Boeing will begin production of the first 13 MH-139A Grey Wolf helicopters, following the award of a US$285 million U.S. Air Force contract for aircraft, sustainment and support services. “Advancing the programme from testing and evaluation to production is a major step toward entering the MH-139 Grey Wolf into service and providing the U.S. Air
HAECO Global Engine Support a leading engine services provider, has added a new eight-bay gantry system at its Dallas facility. This new development also coincides with the addition of new LEAP-1A/1B tooling to support experienced technicians to perform hospital maintenance level work. By mid-March 2023, the company will perform quick-turn maintenance tasks ranging from top
Lease rates on popular aircraft types expected to rise The ACMI market grew significantly last year and will see another major jump this year from long-term players and start-ups alike, according to industry experts. They see a strong need for ACMI in the market right now and it’s only expected to grow – the market
AMETEK FMH Aerospace has selected Wencor as its exclusive distributor supporting global military and government aftermarket. This agreement expands the partnership that Wencor and AMETEK SFMS previously announced in September 2022, and now includes the AMETEK flexible metal tubing, ducting, bellows, valves, filter assemblies and fuel boost pumps supporting key military platforms in the aerospace and defence
GKN Aerospace has launched an 80,000-ft² expansion of its Chihuahua, Mexico facility to meet future demands for advanced, complex composite manufacturing and assembly for the business jet industry. The expansion is expected to be completed by the end of 2023 and to create 100 new jobs. The move further strengthens GKN Aerospace’s footprint in Mexico
International Aerospace Coatings Group (IAC) has been selected by Teruel Airport Consortium to develop and operate a new wide-body hangar facility at Teruel Airport in Central Spain under a 25-year concession agreement. IAC has committed to developing this strategically located infrastructure, which will serve the company’s new and existing aviation customers and provide Teruel Airport
