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Following the current three-week suspension of operations, MTU Aero Engines is planning a gradual restart of operations at its German sites. Capacities will be increased according to demand and the situation in the supply chain. Extensive measures have been prepared to protect employees’ health. Short-time working will apply from April 20, 2020, at the company’s

AerCap has released its major business transactions during the first quarter of 2020. The company signed lease agreements for 28 aircraft, including ten wide-body aircraft and 18 narrow-body aircraft and purchased seven aircraft, including five Airbus A320neo Family aircraft, one Boeing 787-9 and one Embraer E2 aircraft. AerCap executed sale transactions for 18 aircraft, including

In the first quarter of the year BOC Aviation has signed agreements to purchase 48 aircraft, of which 38 have already been placed on long-term leases with the remaining ten unplaced A320neos due to be delivered in 2023-24. As of March 31, the company’s balance sheet comprised liquidity of US$3.6 billion. The company closed the

Aviation Clean Air (ACA) is experiencing increased interest and an uptick in orders for its Ionization Purification System. The patented system is certified for aircraft installation by both the Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA). The ACA product is a proactive system that immediately improves interior air quality, eliminates odors

The International Air Transport Association (IATA) has released its latest analysis of the forthcoming quarter in which it predicts that airlines will burn through US$61 billion of their cash reserves up until June 30, leading to a quarterly net loss of US$39 billion. The analysis is based on a continued severe restriction in travel for