Ryanair will purchase up to 360,000 tonnes of SAF from Shell between 2025 and 2030 © Ryanair

Ryanair purchases 1,000 tonnes of SAF from global energy group Shell

Ryanair has purchased 1,000 tonnes of sustainable aviation fuel (SAF) from global energy group, Shell, (enough SAF to fuel over 200 flights from Stansted to Madrid), which will be supplied to the airline at its Stansted Airport base. This purchase follows the MoU agreement made between the companies in 2022, providing Ryanair with unique access […]

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WorldACD: Air cargo rates are rising from most of the main global regions

Traffic

Air cargo rates are rising from most of the main global regions, especially from Asia Pacific and from Middle East & South Asia (MESA), strengthened by the ongoing disruptions to container shipping and elevated demand for cross-border e-commerce shipments. According to the latest weekly figures and analysis from WorldACD Market Data, the average global rate

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Avion Express completes corporate restructuring process

Financial

Avion Express UAB has fulfilled its obligations to creditors almost two years ahead of schedule and has become the first airline in Lithuania to successfully complete its corporate restructuring process. During this process, the company not only ensured the continuity of its operations, but also grew its business. “The restrictions on air travel during the

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Ground-breaking of AAR's new facility in Miami © AAR Corp.

AAR begins construction of new maintenance facility in Miami

MRO & Production

On Wednesday, March 27, AAR CORP. commenced the construction of its new maintenance, repair, and overhaul (MRO) facility in Miami, marking a significant milestone for the company. Over 400 attendees congregated to commemorate the occasion, with John M. Holmes, AAR’s Chairman, President and CEO, expressing gratitude for the collaborative efforts enabling the expansion. James Crane,

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Lilium appoints Johan Malmqvist as new CFO

People

Lilium has appointed Johan Malmqvist as Chief Financial Officer (CFO) effective April 1, 2024, bringing more than 25 years of experience as a CFO of global public and private companies across a variety of sectors and geographies. Most recently, he served as CFO at a premium electric vehicle manufacturer, Polestar Automotive Holding UK (Polestar), where

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The Airbus A220 is powered by PW1500G engines

SIAEC to exit PW1500G engine risk-revenue sharing programme

MRO & Production

SIA Engineering Company (SIAEC) has entered into an agreement with Pratt and Whitney (P&W) to exit from the PW1500G engine risk-revenue sharing programme (RRSP) that was held through its wholly-owned subsidiary, NexGen Network (2) Holding (NGN2). This programme was previously known as the CSeries aircraft engine programme. NGN2 invested in the RRSP in 2010 and

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Honeywell will initiate a voluntary tender offer to acquire all outstanding shares of Civitanavi for a purchase price of €6.30 per share in cash © Civitanavi

Honeywell announces intention to acquire Civitanavi Systems

Financial

Honeywell will initiate a voluntary tender offer to acquire all outstanding shares of Civitanavi Systems S.p.A., for a purchase price of €6.30 per share in cash (an equity value of approximately €200 million at closing). The acquisition will further strengthen Honeywell’s capabilities to help its customers create autonomous operations in aircraft and other vehicles. It

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STS Aviation Services opens new line maintenance stations in the UK

MRO & Production

STS Aviation Group has announced the expansion of STS Aviation Services UK, with the opening of two new line maintenance stations at East Midlands (EMA) and Norwich (NWI) airports in the United Kingdom, effective April 1, 2024. This strategic expansion is set to enhance service capabilities in the region, with Air Explore as the primary customer at the

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© Lufthansa and the trade union Ver.di resolved the ongoing pay dispute

Lufthansa and Ver.di resolve pay dispute after successful mediation

Financial

Following successful mediation, Lufthansa and the trade union Ver.di have reached an agreement on the main features of a collective labour agreement for approximately 25,000 Lufthansa employees, announced in Frankfurt. Details of the agreement to be disclosed this Thursday, March 28, 2024. Ver.di chief negotiator Marvin Reschinsky expressed satisfaction with the arbitration outcome, while Lufthansa’s

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Condor Boeing 757-300 aircraft © AirTeamImages

Crestone Air Partners acquires eleven Boeing 757-300 aircraft

Aircraft & Engines

Crestone Air Partners, an aviation asset management platform supported by Air T, has successfully acquired eleven Boeing 757-300 aircraft. This milestone transaction not only signifies substantial growth for Crestone but also underscores its capability to execute large-scale deals in niche aviation assets. All 11 aircraft were procured under existing lease agreements with Condor Airlines, a

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Ryanair purchases 1,000 tonnes of SAF from global energy group Shell

WorldACD: Air cargo rates are rising from most of the main global regions

Avion Express completes corporate restructuring process

AAR begins construction of new maintenance facility in Miami

Lilium appoints Johan Malmqvist as new CFO

SIAEC to exit PW1500G engine risk-revenue sharing programme

Honeywell announces intention to acquire Civitanavi Systems

STS Aviation Services opens new line maintenance stations in the UK

Lufthansa and Ver.di resolve pay dispute after successful mediation

Crestone Air Partners acquires eleven Boeing 757-300 aircraft

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