AAR CORP. has announced its financial results for the first quarter of fiscal year 2025, reporting consolidated sales of US$661.7 million, a 20% increase from the prior year’s sales of US$549.7 million. The company posted a net income of US$18.0 million, or US$0.50 per diluted share, in contrast to a net loss of US$0.6 million, […]
AAR reports strong first-quarter results for fiscal year 2025 Read More »
Elfly Group, the developers of the all-electric seaplane programme ‘Noemi’ (no emissions), has announced a new partnership with Denmark’s Nordic Seaplanes. The agreement will make Nordic Seaplanes the world’s first airline to operate Noemi’s all-electric amphibious aircraft. The airline signed a memorandum of understanding (MoU) for five aircraft, with an option for an additional ten,
Nordic Seaplanes partners with Elfly for all-electric seaplane fleet Read More »
Gabonese airline Afrijet has signed a firm order for one ATR 42-600, with an option for an additional aircraft, with regional aircraft manufacturer ATR. The new aircraft will replace Afrijet’s older ATR 42-500 model, offering enhanced passenger amenities to meet the regional air travel needs of Gabonese communities. It will join FlyGabon’s existing fleet of
Afrijet orders new ATR 42-600 aircraft Read More »
Latvian national airline airBaltic has signed a long-term EngineWise™ comprehensive maintenance services agreement with Pratt & Whitney (P&W) for its fleet of GTF (geared turbofan) engines. The agreement operates on a power-by-the-hour model, linking airBaltic’s maintenance costs to the actual use of its engines, providing the airline with greater transparency and predictability in maintenance planning.
airBaltic and P&W sign long-term GTF engine maintenance agreement Read More »
Setna iO has confirmed the contract exchange for its new 100,000 ft² UK headquarters, which will house both Setna iO and Setnix. The custom-designed facility is currently under construction and is scheduled for completion in Q2/Q3 2025. This significant investment aims to enhance Setna iO’s ability to support its customers across Europe, the Middle East,
Setna iO announces new UK headquarters Read More »
Kellstrom Aerospace has signed a significant agreement with All Nippon Airways (ANA), one of the world’s leading airlines. This collaboration aims to enhance ANA’s operations by utilising Kellstrom’s advanced inventory management solutions. The partnership will allow ANA to maximise the value of its inventory by working with Kellstrom’s innovative, service-led supply chain programmes. With Kellstrom’s
Kellstrom Aerospace and ANA partner on inventory management Read More »
Following a strong summer travel season, aviation market intelligence and advisory company, IBA, forecasts that global airline Revenue Passenger Kilometres (RPKs) will pass the 9 trillion mark for the first time ever in 2024. This represents a 4.2% increase on the previous record of 8.6 trillion RPKs in 2019. Steady GDP growth in many global
Global airline industry set for record growth in 2024 Read More »
Farsound Aviation (Farsound) has announced the opening of a new facility in San Antonio, Texas, to enhance its service to a growing customer base across the Americas. The facility includes 20,000 ft² of warehouse space and 8,000 ft² of office space, featuring private offices, collaborative workstations, conference rooms and a spacious breakroom for staff. CEO
Farsound opens new facility in Texas Read More »
AAR CORP. a prominent aviation services provider, has been awarded a five-year contract worth up to US$1.2 billion from the U.S. Navy’s Naval Air Systems Command (NAVAIR) to provide maintenance and support for the P-8A Poseidon aircraft. This indefinite delivery/indefinite quantity contract tasks AAR with providing depot airframe maintenance and field team support for the
AAR awarded contract for P-8A Poseidon maintenance Read More »
Scandinavian Airlines System (SAS) and Delta Air Lines (Delta) are strengthening their partnership, by entering a new codeshare agreement, effective September 25, 2024, aimed at improving flight connections between North America and Scandinavia. This partnership follows SAS’s recent induction into the SkyTeam alliance on September 1, 2024. Under the agreement, customers of both airlines will
SAS and Delta strengthen partnership with new codeshare agreement Read More »
