NAC and GE Aerospace sign MOU to explore carbon offset programme for NAC’s aircraft leasing operations

January 31, 2023

Nordic Aviation Capital (NAC) has entered into an MOU with GE Aerospace to explore a CORSIA*-compliant carbon offset programme that will allow NAC to offset carbon associated with its ferrying of aircraft and its directemployee long-haul business travel. The signing of this MOU represents NAC’s commitment to driving a more sustainable business model. Brian Power,

UK’s Flybe regional carrier cancels all flights and immediately stops trading

January 30, 2023

Flybe, the regional UK carrier has, for the second time in three years, entered into administration. It has ceased all operations, cancelled all flights and laid off 276 members of its staff, leaving some 75,000 passengers who have already booked tickets in a state of limbo as the tickets will no longer be honoured. “Flybe

Raytheon Technologies reports fourth-quarter 2022 results including for subsidiaries Pratt & Whitney and Collins Aerospace

January 26, 2023

Raytheon Technologies has reported fourth-quarter sales of US$18.1 billion, up 6% over the prior year. GAAP EPS from continuing operations of US$0.96 was up 109% versus the prior year and included US$0.31 of acquisition accounting adjustments and net significant and/or non-recurring charges. Adjusted EPS of US$1.27 was up 18% versus the prior year. Both GAAP and

Elbit Systems-Cyclone to supply large main deck cargo doors for Boeing 777 Freighter

January 24, 2023

Elbit Systems has reported that its wholly owned subsidiary, Elbit Systems-Cyclone, has been awarded a contract for the supply of aero-structure assemblies to the Boeing Company. The contract includes production and supply of the largest main deck cargo door (MDCD) for the Boeing 777 Freighter and 777-8 Freighter. Cyclone offers a broad range of aerospace capabilities,

Fraport assumes responsibility for aviation security checks at Frankfurt Airport

January 23, 2023

Since January 1, 2023, Fraport has assumed responsibility for the organisation, management and performance of the security checkpoints at Frankfurt Airport (FRA). The German Federal Police, which was previously tasked with these responsibilities, will continue to hold statutory oversight and supervision roles, as well as overall responsibility for aviation security. It will also continue to

C&L Aviation Group delivers seventh Saab 340B Aircraft to Legends Airways

January 18, 2023

C&L Aviation Group has completed and delivered the seventh Saab 340B aircraft, on schedule, to Legends Airways. Legends Airways, which has taken possession of all aircraft, initially received its first aircraft in mid-2021. There has been a resurgence in interest in the Saab 340 aircraft during this same period and C&L has sold over twenty

F3 Logistics expands with Pentagon 2000 Software

December 21, 2022

F3 Logistics has implemented Pentagon 2000SQL™ to expand operations with support for procurement and logistics services to the U.S. Air Force and other industry customers. F3 Logistics was recently awarded a Third Party Equipment Purchasing (3PEP) small-business contract to improve war fighter support, maintain or lower costs for the government, ensure continued utilisation/increase of small

SmartLynx Airlines now flies with two Airbus A330 for Condor

December 16, 2022

In June 2022, SmartLynx Airlines entered the long-haul market and started operations for Condor Flugdienst GmbH with an Airbus A330. For the winter season, another aircraft of the type has been added with services starting in December. The basis is a wet-lease agreement concluded with the German holiday airline. The current flight schedule from Frankfurt

Hyperion Aero Capital launches new aircraft financing platform

December 8, 2022

Hyperion Aero Capital PLC (Hyperion) has launched an aircraft funding platform focused on providing financing for long-term cargo leasing and leased business jets. Hyperion has been established to combine decades of experience in aviation fleet management with financing to provide a range of currency-agnostic hybrid opportunities including debt, equity and convertible instruments for aircraft financing.

Rolls-Royce and easyJet set new aviation milestone with world’s first run of aero engine on hydrogen

November 28, 2022

Rolls-Royce and easyJet have confirmed they have set a new aviation milestone with the world’s first run of a modern aero engine on hydrogen. The ground test was conducted on an early-concept demonstrator using green hydrogen created by wind and tidal power. It marks a major step towards proving that hydrogen could be a zero

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