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Munich Airport International (MAI), the German-based airport management and consulting firm, and EMCO, a Honduran construction company, have been awarded a concession to develop and operate the El Salvador Airport Cargo Terminal for a period of 40 years. The decision was announced on October 9, by the El Salvador Government, through the Comisión Ejecutiva Portuaria

Finnair is in the middle of the largest crisis in aviation’s history and is facing a challenging financial situation due to the impacts of the COVID-19 pandemic. To emerge from the crisis the airline has launched a comprehensive adjustment and cost-savings program. The program includes, among many other actions, jointly agreed decreases in personnel costs

AerCap has reported its major business transactions for the third quarter 2020. The company has signed financing transactions for approximately US$2.2 billion and signed lease agreements for 28 aircraft, including three wide-body aircraft and 25 narrow-body aircraft.  During the third quarter, AirCap purchased nine new aircraft, including eight Airbus A320neo Family aircraft and one Boeing

Dragon Aviation Capital of Singapore (DAC) has entered into an agreement with SOFEMA Aviation Services of Bulgaria (SAS) to support SAS to expand its footprint into the ASEAN market. DAC is one of SE Asia’s leading technical consultants with head office in Singapore and satellite offices in Seoul and Hong Kong. DAC aim to offer

There is a growing divergence between aircraft base and market values as the global effects of the Covid-19 pandemic drive down demand, according to data from leading independent aviation consultancy, IBA. The gap between aircraft base values – the underlying economic value of an aircraft in an open, unrestricted, stable market with a reasonable balance

Global Crossing Airlines is an airline that is looking toward aviation’s rebound and has decided that now is the right time to launch a modern, efficient charter passenger and cargo airline catering to tour companies, other airlines, sports teams, and clients requiring 150-seat aircraft for transportation. Known as Global X, the operation is now being

Farsound Aviation has purchased the building adjacent to its U.K. headquarters in Romford, Essex. The acquisition, which was finalized earlier this month, comes as part of the aero engine MRO supplier’s wider ambitions to develop the company in a carefully laid out expansion plan that will culminate in 2021. Despite continued challenges in the aviation

HAECO Landing Gear Services has completed the first Boeing 787 Dreamliner landing gear overhaul. The gears have been released by HAECO Landing Gear Services under the authority of the Federal Aviation Administration (FAA), European Union Aviation Safety Agency (EASA) and Japan Civil Aviation Bureau (JCAB). The company is the first MRO to be approved with