Avolon expects 43,000 new aircraft to be delivered over the next 20 years

Avolon, the international aircraft leasing company, has issued its World Fleet Forecast, which projects growth in and changes to the global commercial jet fleet over the next twenty years. The analysis includes forecasts of aircraft deliveries, retirements, funding requirements and passenger-to-freighter conversions. Against a backdrop of 2.9% average annual growth in global economic activity over […]

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Lufthansa Technik contracts two new customers for its innovative Cyclean® engine wash product

Lufthansa Technik has contracted two new customers for its innovative Cyclean® engine wash product, Solaseed Air in Tokyo, Japan and an unnamed customer. The contract between Lufthansa Technik and Peach Aviation of Osaka, Japan has also been extended by a further three years to 2020 for the entire A320 fleet. As of summer 2017, the

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Hebei Airlines relies on emergency floor-path marking system from Lufthansa Technik

Hebei Airlines will begin to use the emergency floor-path marking system GuideU “CustomFit” from Lufthansa Technik in its Boeing 737 and Embraer E190 fleets. For the first time, this system will be implemented with an integrated corporate logo, enabling an even more customized adaptation to the corporate design of an airline. A total of 22

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Zeitfracht and Nayak take over airberlin maintenance unit

airberlin’s maintenance unit, has been acquired by family-owned Zeitfracht and maintenance group Nayak, for a sum as yet undisclosed. This should save approximately 300 jobs. Zeitfracht is also buying Air Berlin’s cargo marketing unit. The remaining 550 maintenance employees who will not be going to Zeitfracht will be taken on by a so-called ‘transfer company’

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easyJet signs agreement with airberlin to acquire part of its operations at Berlin Tegel airport

easyJet has signed an agreement with airberlin to acquire part of its operations at Berlin Tegel airport for a purchase consideration of €40m. This excludes potential start-up and transitional operating costs. The acquisition is subject to regulatory approvals and is expected to close in December 2017. The acquisition will result in easyJet entering into leases

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IAG reports another strong quarter with operating profit up 20.7%

International Consolidated Airlines Group (IAG) presented Group consolidated results for the nine months to September 30, 2017. The Group posted third quarter operating profit of €1,455m before exceptional items (2016: €1,205m). Passenger unit revenue for the quarter was up 0.7%, up 2.2% at constant currency. Operating profit before exceptional items for the period of nine

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Argentinian authorities back Norwegian start-up

Norwegian Air Argentina was on Wednesday night granted concessions to operate 153 routes from Argentina by the Argentine National Civil Aviation Administration (ANAC). These concessions came as a result of the application and consultation of 156 routes. The Norwegian Group established its Argentinian subsidiary in January 2017. Norwegian plans to have a considerable operation in

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Lufthansa Technik extends component support for SriLankan Airlines' A320 fleet

SriLankan Airlines and Lufthansa Technik have extended their existing component support contract for the growing Airbus A320 fleet of Sri Lanka’s national carrier. The expanded Total Component Support (TCS®) agreement comprises all aircraft of SriLankan Airlines’ growing A320 fleet, including its new A320neo aircraft. Lufthansa Technik will take care of all aspects relating to daily

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