Dubai Aerospace Enterprise (DAE) completed the previously announced acquisition of SKY Fund I Irish, Ltd and its subsidiaries (SKY Fund I) on Friday, November 18, 2022. Sky Fund I owns and is committed to owning 36 aircraft on lease to 14 airline customers in 11 countries. Next-generation-technology aircraft represent more than 90% of the acquired […]
DAE completes acquisition of SKY Fund I Irish, Ltd. Read More »
Silk Way West Airlines announced an order for a combined total of 16 GE9X and GE90 engines to power its fleet of long-haul Boeing 777 aircraft. Silk Way West recently announced the purchase of GE9X-powered Boeing 777-8 Freighters and GE90-powered Boeing 777 Freighters to upgrade its cargo fleet. The engine order includes five GE9X engines
Silk Way West Airlines signs order for GE9X, GE90 engines to power cargo fleet Read More »
Collins Aerospace has been selected to participate in seven projects under the European Union’s Clean Aviation Joint Undertaking. As part of the initiative, Collins will collaborate with European airframers, engine makers, suppliers and academia to develop disruptive sustainable aviation technologies. The company estimates that the funding it receives from Clean Aviation combined with its own
Collins selected to participate in multiple EU Clean Aviation projects Read More »
Rolls-Royce has announced that its Advanced Low Emissions Combustion System (ALECSys) demonstrator engine has entered into its final testing phase with successful testing at altitudes up to 40,000 feet. The testing also included several engine relights under varying conditions. The ALECSys system involves an innovative lean-burn combustion system which improves the pre-mixing of fuel and
Rolls-Royce ALECSys demonstrator engine flies at altitude for the first time Read More »
Peter Carter has been promoted to E.V.P. External Affairs, expanding his role leading Delta Air Lines’ (Delta) legal, regulatory and government affairs functions to oversee the airline’s international, innovation and sustainability strategy. Carter will remain on the Delta Leadership Committee. Carter joined Delta in 2015 as E.V.P and Chief Legal Officer with a focus on
Delta promotes Peter Carter to E.V.P. External Affairs Read More »
There are still no signs of any fourth-quarter (Q4) seasonal uplift in air cargo demand or pricing, with the downward trend of the last several months continuing into the second week of November – when peak season is usually in full-flow. Following a steep decline in the week to November 6, (week 44), reported by
Weak air cargo demand continues into November, reports WorldACD Read More »
Airbus is to invests in Carbon Engineering, a Canadian-based climate solutions company, operating the largest Direct Air Carbon Capture (DACC) Research & Development facility in the world. The investment will contribute to funding part of Carbon Engineering’s advanced direct air capture R&D technologies at the company’s Innovation Centre in Squamish, B.C., Canada. DACC is a
Airbus invests in Canadian climate solutions company, Carbon Engineering Read More »
Boeing has announced a series of executive leadership changes and reorganisations aimed at accelerating operational discipline, first-time quality and performance while streamlining senior leadership roles and responsibilities. Effective immediately, Boeing Defense, Space & Security (BDS) will consolidate its eight divisions into four, including: Vertical Lift, led by Vice President and General Manager Mark Cherry. Mobility, Surveillance
Boeing reorganises Defense, Space & Security business unit Read More »
Israel Aerospace Industries (IAI) has published its financial statements for the first nine months and third quarter of 2022 (all the following figures are approximate). The company reported a 54% increase in net income in the first nine months of 2022 to US$202 million compared with US$131 million in the corresponding period of 2021. Net
IAI publishes 54% growth in net income in first nine-months of 2022 Read More »
Azul Linhas Aéreas (Azul), the Brazilian carrier headquartered at Barueri on the outskirts of São Paulo has confirmed it is expanding its fleet of Airbus A330-900neo jets, having placed a firm order for three more of the wide-body airliners with the European planemaker. This means Azul will be operating a fleet of eight A330neos in
Azul expands Airbus fleet with order for three new A330neos Read More »
