Horizon Aircraft successfully completes hover-testing of VTOL aircraft prototype

Horizon Aircraft, an innovative leader in hybrid electric vertical take-off and landing (VTOL) aerial vehicles, has successfully completed initial hover-testing of its “Cavorite X5” scale prototype. Brandon Robinson, CEO of Horizon Aircraft said, “This aircraft has exceeded expectations during initial hover-testing. It is extremely stable, is capable of full hover at only 65% power, and […]

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Egyptian Air Force to upgrade helicopter fleet with purchase of 12 Boeing CH-47F Chinooks

Military & Defense

The U.S. Army has confirmed that it has awarded Boeing a contract for the production of 12 new CH-47F Chinooks for the Egyptian Air Force. At a cost of US$426 million (£355 million) Egypt will replace its fleet of CH-47D aircraft with the modern F model, providing it with advanced multi-mission capabilities. “The F-model aircraft

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LAP signs US$1,250 million financing agreement for Lima Airport expansion

Financial

In December 2022 Lima Airport Partners (LAP), part of the Fraport Group since 2001, signed a US$1,250 million project financing agreement for the infrastructure development in progress at Lima’s Jorge Chávez International Airport (LIM) in Peru. The financing is being provided by seven banks: BBVA, IDB Invest, KfW IPEX Bank, Mitsubishi UFJ Financial Group (MUFG),

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IBC Advanced Alloys announces closing of non-brokered private placement

Financial

IBC Advanced Alloys Corp., a leading beryllium and copper advanced alloys company, has released that it has closed the company’s previously announced non-brokered private placement (the offering). Pursuant to the offering, the company issued 11,269,444 units of the company at a price of CA$0.108 per unit for gross proceeds to the company of approximately CA$1,217,100.

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Emirates signs agreement with Ministry of Foreign Affairs of Bahamas to promote tourism

Airlines & Routes

Emirates has sealed an agreement with the Ministry of Foreign Affairs of the Bahamas to promote tourism to the Caribbean archipelago. The airline and the Bahamas’ Ministry of Tourism will embark on joint initiatives to boost visitor traffic into the islands from key markets across Emirates’ network. The Memorandum of Understanding (MoU) was signed by

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Léa Wertheimer named SWISS’ new Head of Corporate Communications

People

Swiss International Air Lines (SWISS) has appointed Léa Wertheimer as its new Head of Corporate Communications. Together with her team, she will be responsible for all of SWISS’ external and internal communications from April 2023 onwards, reporting directly to CEO Dieter Vranckx. Wertheimer succeeds Daniel Bärlocher, who left the company in October to take on

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HEICO Corporation reports fourth-quarter and full fiscal year results

Financial

HEICO Corporation has released that net sales increased 20% to a record US$609.6 million in the fourth quarter of fiscal year 2022, up from US$509.4 million in the fourth quarter of fiscal year 2021. Operating income increased 27% to US$146.5 million in the fourth quarter, up from US$115.0 million in the fourth quarter of 2021.

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BOC announces order for 40 more Boeing 737 MAX 8s

Aircraft & Engines

Majority state-owned global lessor BOC Aviation has announced that it has placed an order with Boeing for 40 more of its fuel-efficient 737 MAX 8 aircraft. The aircraft are scheduled for delivery during 2027 and 2028. This takes BOC’s total order book with Boeing for the 737 MAX 8 to 80 aircraft. Originally known as

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Mesa Air Group reports fiscal full-year 2022 results

Financial

For fiscal year 2022 Mesa Air Group has reported total operating revenues of US$531.0 million, an increase of US$27.4 million (5.4%) from US$503.6 million for fiscal year 2021. Contract revenue increased US$44.0 million, or 10.1%. This was primarily due to the return to normal rates from its partners, which were temporarily reduced last year related to the PSP programme and

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U.S. Department of Defence exercises option for 26 TH-73A “Thrasher” helicopters

Military & Defense

The U.S. Department of Defence has awarded AgustaWestland Philadelphia a US110.5 million firm fixed-price modification to the previously awarded contract for the U.S. Navy’s Advanced Helicopter Training System. This modification exercises an option for the production and delivery of 26 TH-73A Lot IV aircraft in support of the programme for the Navy. The helicopters will

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Horizon Aircraft successfully completes hover-testing of VTOL aircraft prototype

Egyptian Air Force to upgrade helicopter fleet with purchase of 12 Boeing CH-47F Chinooks

LAP signs US$1,250 million financing agreement for Lima Airport expansion

IBC Advanced Alloys announces closing of non-brokered private placement

Emirates signs agreement with Ministry of Foreign Affairs of Bahamas to promote tourism

Léa Wertheimer named SWISS’ new Head of Corporate Communications

HEICO Corporation reports fourth-quarter and full fiscal year results

BOC announces order for 40 more Boeing 737 MAX 8s

Mesa Air Group reports fiscal full-year 2022 results

U.S. Department of Defence exercises option for 26 TH-73A “Thrasher” helicopters

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