Avmax completes major transactions with Astral Aviation

Canada-based Avmax Group has successfully completed two significant transactions with Astral Aviation, a prominent cargo carrier based in Kenya. The first transaction involved the purchase-and-lease-back of a Boeing 767-200 Freighter (MSN 22217) airframe, which has been part of carrier’s fleet since 2020. The second transaction comprised the dry lease of a Boeing 737-400F (MSN 27082), […]

Avmax completes major transactions with Astral Aviation Read More »

Official inauguration of the new Savannah Training Centre © CAE

CAE opens Gulfstream-dedicated aviation training centre

Other News

CAE has inaugurated its first Gulfstream-dedicated business aviation training centre, a key development in training more pilots and maintenance technicians over the coming decades. Located near Gulfstream Aerospace Corp. headquarters in Savannah, the new centre can accommodate up to four full-flight simulators (FFS). The first, a Gulfstream G550 FFS, began operating in January and the

CAE opens Gulfstream-dedicated aviation training centre Read More »

Etihad Cargo is launching a new freighter route to Madrid starting July 15 © Etihad Cargo

Etihad Cargo expands network with new freighter route to Madrid

Other News

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 »

On Monday June 24, flights at Manchester Airport have resumed following a power cut that caused a day of chaos

Manchester Airport restores flights after day-long power cut

Other News

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 for approximately US$1.9 billion in an all-cash transaction © Honeywell

Honeywell to acquire CAES Systems Holdings for US$1.9 billion

Financial

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 enters operations as a service market with ASISTIM acquisition

Financial

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 »

Chris Celtruda takes over as President and CEO of Chromalloy

People

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 signs ten-year lease for new headquarters at St. Modwen Park, Newport

MRO & Production

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 has received FAA authorisation to use a suite of software tools developed in-house, called ‘ElevateOS’ © Joby Aviation

Joby receives FAA authorisation for air taxi operating system

Information Technology

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 »

Latest views on air cargo market developments, covering each of the last five weeks up to Sunday June 16, 2024 © WorldACD

Air cargo rates stay firm driven by Asia and Middle East

Other News

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 »

Avmax completes major transactions with Astral Aviation

CAE opens Gulfstream-dedicated aviation training centre

Etihad Cargo expands network with new freighter route to Madrid

Manchester Airport restores flights after day-long power cut

Honeywell to acquire CAES Systems Holdings for US$1.9 billion

SITA enters operations as a service market with ASISTIM acquisition

Chris Celtruda takes over as President and CEO of Chromalloy

AerFin signs ten-year lease for new headquarters at St. Modwen Park, Newport

Joby receives FAA authorisation for air taxi operating system

Air cargo rates stay firm driven by Asia and Middle East

Stay Connected

Subscribe