Strategic Development Fund to invest US$3 million in Mayman Aerospace

Strategic Development Fund (SDF), the investment arm of UAE’s Tawazun is investing US$3 million through its venture capital programme in Mayman Aerospace (a JetPack Aviation Corp. brand), the U.S.-based manufacturer of the innovative dual-use Speeder Air Utility Vehicle (AUV). As part of SDF’s strategy to invest in dual-use technologies serving both defence and civilian sectors, […]

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Qantas to invest AU$100 million in worldwide lounge network upgrade

Airlines & Routes

Australian flag-carrying airline Qantas has announced its intention to make significant improvements to its worldwide network of passenger lounges. The focus of attention will be on improving the level of luxury while also increasing the number of lounges. This will be the biggest investment Qantas has made in the last ten years where its lounges

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Mountain Air Cargo launches first Cessna 408 SkyCourier in Florida

Airlines & Routes

Mountain Air Cargo (MAC), a FedEx air cargo feeder airline has launched the first C408 SkyCourier route between Tallahassee and Orlando, operated by Captain Samantha Szefler, launched on January 3, 2023. MAC’s inaugural C408 flight in Florida is part of its long-standing strategic relationship with FedEx and further enables the Company’s long-term sustained feeder growth

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SIA Group posts third-quarter operating profit of SG$755 million

Financial

The SIA Group has posted Group revenue for the three months to December 31, 2022, of SG$4,846 million a rise of SG$358 million (+8.0%) quarter-on-quarter. This is a record quarterly revenue for the Group. Passenger-flown revenue increased by SG$463 million (+14.0%) to SG$3,767 million as traffic grew 12.2% for the quarter, outpacing the 11.1% expansion

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Collins Aerospace and SRB Aerial Systems sign MOU to develop unmanned aerial systems

Military & Defense

Collins Aerospace has signed a memorandum of understanding with SRB Aerial Systems to support research, development and execution of unmanned aerial systems and robotics for use by the Kingdom of Saudi Arabia. Collins will provide its extensive unmanned aerial systems or UAS integration experience to SRB Aerial Systems. The company’s mission systems hardware and software

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Nicolas Potier named VP Support & Services at Safran Aircraft Engines

People

Nicolas Potier has been appointed Vice President, Support & Services of Safran Aircraft Engines on February 1, 2023, and he will also become a member of the company’s Executive Committee. Potier will replace François Planaud, who is retiring. Potier began his career in 2007 at the French Ministry of Economy, Industry and Employment. In 2010,

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TITAN Aviation Fuels welcomes Jetscape to FBO network

MRO & Production

TITAN Aviation Fuels has welcomed Jetscape to its branded FBO (fixed base operator) network. Jetscape is located at the fast-growing Fort Lauderdale-Hollywood International Airport (FLL). The closest FBO to downtown Fort Lauderdale, Jetscape offers a full-service business aviation centre that delivers excellence and extends a gateway of safety, security and privacy to the general aviation

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Falko provides summary of 2022 market activity

Aircraft & Engines

Falko Regional Aircraft Limited (Falko) has provided a summary of its fourth quarter and full year 2022 market activity. In the fourth quarter of 2022, Falko delivered two aircraft on lease and extended the leases on a further five aircraft. LOIs (letter of intent) were signed relating to the lease of one aircraft and the

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Emirates to expand pilot training facilities by over 50% for Airbus A350 and Boeing 777X fleet

Other News

Emirates currently has 115 Boeing 777X and 50 Airbus A350-900s on order which are due for delivery from 2024 onwards. In anticipation of their arrival, the flag-carrying airline is to build new training facilities which will incorporate six new full-flight simulator (FFS) bays. This will expand the annual throughput of new pilots at Emirates’ training

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Rheinmetall AG participates in construction of F-35 jet