Etihad Cargo, the cargo and logistics arm of Etihad Airways, is enhancing its freighter network with a new route to Madrid. Starting July 15, 2024, Etihad Cargo will operate two weekly Boeing 777 freighter flights between Abu Dhabi and Madrid, adding over 200 tonnes of cargo capacity for Europe. The introduction of this twice-weekly freighter […]
Etihad Cargo expands network with new freighter route to Madrid Read More »
Flights at Manchester Airport have resumed following a power cut that caused a day of chaos. Up to 90,000 passengers were affected, with flights cancelled and scheduled arrivals diverted. The airport announced that check-in and departures at Terminals 1 and 2 have now fully resumed. Officials stated that further disruption is not anticipated on Monday.
Manchester Airport restores flights after day-long power cut Read More »
Honeywell has agreed to acquire CAES Systems Holdings LLC (CAES) from private equity firm Advent International for approximately US$1.9 billion in an all-cash transaction. This represents approximately 14-times the estimated 2024 EBITDA on a tax-adjusted basis. This acquisition will enhance Honeywell’s defence technology solutions across land, sea, air, and space, including new electromagnetic defence solutions
Honeywell to acquire CAES Systems Holdings for US$1.9 billion Read More »
SITA has taken a significant step into the operations as a service market by acquiring ASISTIM, a company renowned for its airline flight operations services. This move highlights SITA’s ongoing pursuit of innovative solutions to help airlines tackle challenges and stay ahead, enhancing air travel for everyone. This acquisition strengthens SITA’s position as a top
SITA enters operations as a service market with ASISTIM acquisition Read More »
Chromalloy Corporation (Chromalloy), an independent provider of critical, high-value components for aircraft engines and gas turbines, has appointed Chris Celtruda as President and Chief Executive Officer (CEO), succeeding Brian Costa, who has elected to retire after more than seven years of service to the company. “I am honoured to serve as President and CEO of
Chris Celtruda takes over as President and CEO of Chromalloy Read More »
AerFin has signed a ten-year lease agreement with St. Modwen Logistics, one of the UK’s leading logistics developers and managers, for a new 115,000 ft² facility at St. Modwen Park, Newport, which will serve as the company’s global headquarters from the end of 2024. The facility offers custom-built space for enhanced aviation aftermarket services activities,
AerFin signs ten-year lease for new headquarters at St. Modwen Park, Newport Read More »
Joby Aviation, developing electric air taxis for commercial passenger service, has received Federal Aviation Administration (FAA) authorisation to use a suite of software tools developed in-house, called ‘ElevateOS’, designed to enable high-tempo, on-demand air taxi operations. The ElevateOS operating system includes pilot tools, operations and schedule management software, a mobile-first rider app and an intelligent
Joby receives FAA authorisation for air taxi operating system Read More »
Air cargo rates are holding firm during what is traditionally a quieter period for the market, boosted by continuing strong demand and high spot rates from Asian and Middle Eastern origins, according to the latest weekly figures and analysis from WorldACD Market Data. Although total worldwide tonnages in the last full week (week 24, 10-16
Air cargo rates stay firm driven by Asia and Middle East Read More »
FDH Aero (FDH), a global provider of supply chain solutions for the aerospace and defence industry, has announced the establishment of FDH Defense Aftermarket, a specialised division of FDH Aero dedicated to serving the defence industry’s aftermarket needs. As part of this initiative, the FDH brand Unical Defense, LLC (UDI) will now operate under the
FDH Aero launches FDH Defense Aftermarket division Read More »
GE Aerospace is developing a hybrid electric demonstrator engine with NASA that will integrate electric motor/generators into a high-bypass commercial turbofan to supplement power during different phases of operation. This involves modifying a passport engine with hybrid electric components for testing under NASA’s Hybrid Thermally Efficient Core (HyTEC) project. It is one of several initiatives
GE Aerospace and NASA develop hybrid electric engine Read More »
