Magnetic Trading signs service agreements with two major Polish airlines

Magnetic Trading, a member of Magnetic Group, has announced that the company has been actively expanding its power-by-hour (PBH) services customer portfolio and has signed a service agreement with two major Polish airlines: LOT and Enter Air. The recent agreement with Enter Air is a new three-year extension of the previous service agreement, covering PBH […]

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PassionAir opts for Rusada’s ENVISION software

Information Technology

Ghana’s second largest airline, Pisces Aviation Ltd DBA PassionAir (PassionAir), has opted for Rusada’s ENVISION software to manage its airworthiness, maintenance and flight operations. From its base in Accra, PassionAir utilises a fleet of De Havilland Dash 8’s to serve destinations across Ghana. With plans in place to expand its routes and fleet, the operator

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Airbus predicts commercial aircraft services market to double in value by 2041

MRO & Production

Airbus expects the services market to recover to pre pandemic levels in 2023 and to double in value over the next 20 years – from US$95 billion today to over US$230 billion in 2041, according to its latest Global Services Forecast (GSF). As a result, the number of people working in aviation services, keeping the world’s

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DAE signs definitive agreement to acquire Sky Fund I

Financial

Dubai Aerospace Enterprise (DAE) has signed a definitive agreement to acquire 100% of Sky Fund I Irish, Ltd. and its subsidiaries (Sky Fund I). Sky Fund I owns and is committed to own 36 aircraft on lease to 14 airline customers in 11 countries. Next-generation-technology aircraft represent more than 90% of the acquired portfolio. DAE’s

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Tony Upton becomes new CEO for Nasmyth Group

People

Nasmyth Group has announced the appointment of Tony Upton as its new Chief Executive Officer (CEO). Upton has held several senior executive roles within the aerospace and defence industry and most recently was the CEO of Gardner Aerospace, having previously been CFO since 2018. Prior to this he held financial and operational roles at Eaton,

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FAA certifies NVG-compatible cockpit for R66 Police helicopter

MRO & Production

On September 30, Robinson Helicopter Company (Robinson) received FAA certification for its Night Vision Goggles (NVG) compatible configuration on its R66 Police helicopter. For NVG compatibility, the helicopter’s interior and exterior lighting along with the aircraft’s instruments and avionics were evaluated to certify the helicopter for operation day or night with or without the use

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AAR expands long-term relationship with Unison Industries

MRO & Production

AAR CORP has signed a long-term agreement with Unison Industries to significantly expand its distribution of Unison’s aviation, aerospace and civil land vehicle products. This agreement broadens AAR’s distribution of select Unison ignitor plugs, ignition leads, harnesses and related spare parts to cover aftermarket customers worldwide. This builds on the existing partnership between AAR and

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Swissport completes successful refinancing to bolster its position and target future growth

Financial, Top Stories

As it comes out the other side of the COVID pandemic Swissport, the Swiss aviation services company providing airport ground, lounge hospitality and cargo handling services has successfully completed a new €600 million Term Loan offering whilst also entering into a new €200 million Super Senior Revolving Credit Facility. The funds will be used for

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SAS has successfully exited U.S. Chapter 11 bankruptcy proceedings

SAS reaches amended lease agreements with ten lessors representing 36 aircraft

Financial

SAS AB has reached agreements with ten lessors, representing in aggregate 36 aircraft, to amend the terms of existing aircraft and equipment lease agreements. The agreements constitute an important step in reconfiguring the fleet and achieving an SEK 7.5 billion in annual cost savings under the SAS FORWARD plan. The amended lease agreements are subject

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Pratt & Whitney GTF Advantage™ flight testing starts on Airbus A320neo aircraft

Aircraft & Engines

Airbus has started development flight testing of the GTF Advantage engine on an A320neo aircraft. This early flight test campaign will continue to mature the engine by testing it in a variety of environments, including hot and cold weather and operation from high-altitude airports. The flight test campaign is an extension of ongoing product development

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Magnetic Trading signs service agreements with two major Polish airlines

PassionAir opts for Rusada’s ENVISION software

Airbus predicts commercial aircraft services market to double in value by 2041

DAE signs definitive agreement to acquire Sky Fund I

Tony Upton becomes new CEO for Nasmyth Group

FAA certifies NVG-compatible cockpit for R66 Police helicopter

AAR expands long-term relationship with Unison Industries

Swissport completes successful refinancing to bolster its position and target future growth

SAS reaches amended lease agreements with ten lessors representing 36 aircraft

Pratt & Whitney GTF Advantage™ flight testing starts on Airbus A320neo aircraft

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