Boeing will represent the aviation sector in a global alliance, jointly established by the U.S. Government and World Economic Forum to accelerate clean technologies and reduce carbon emissions. The First Movers Coalition (FMC) was created in late 2021 to leverage the purchasing power of major companies to speed up the pace of decarbonising industrial sectors […]
Mesa Air Group has reported that total operating revenues in Q3 2022 were US$134.4 million, an increase of US$9.2 million (7.4%) from US$125.2 million in Q3 2021. Contract revenue increased US$9.2 million, or 8.4%. This was due to the return to normal rates from its partners, which were temporarily reduced last year related to the PSP programme. These were partially offset
Mesa Air Group reports third-quarter fiscal 2022 results Read More »
Scandinavian Airlines (SAS) has managed to avert further damaging strike action as Norwegian, Danish and Swedish members of the pilots’ unions have voted to accept a collective bargaining agreement that was reached last month. In July the loss-making Scandinavian carrier had to cancel 3,700 flights during a financially disastrous 15-day strike which is estimated to
Struggling SAS averts further strike as pilots agree to new pay deal Read More »
American Airlines has announced its investment in ZeroAvia, a leader in hydrogen-electric, zero-emission aviation. In addition to the investment, a memorandum of understanding provides American the opportunity to order up to 100 engines from ZeroAvia’s hydrogen-electric powertrain development programme. The engines are intended to power regional jet aircraft with zero emissions. “Our investment in ZeroAvia’s emerging
American Airlines to invest in hydrogen-electric engine developer ZeroAvia Read More »
Willis Lease Finance has reported second-quarter total revenues of US$78.1 million. For the three months ended June 30, 2022, aggregate lease rent and maintenance reserve revenues were US$60.9 million and spare parts and equipment sales were US$6.8 million. The company reported increased total revenues in the second-quarter when compared to the prior-year period, primarily due
Willis Lease Finance reports second-quarter pre-tax income of US$11.0 million Read More »
Brussels Airlines has closed its first semester of 2022 at -€89 million, an improvement of 38% compared to the previous year. The first months of the year were still impacted by the consequences of the Omicron COVID-19 variant, while June was marked by four days of flight disruptions due to strike actions. Inflation and high
Brussels Airlines improves half-year 2022 result by 38% Read More »
Falko Regional Aircraft (Falko), the asset manager and aircraft lessor focused solely on the regional aircraft sector, has provided a summary of its Q2 2022 market activity. In Q2 2022, Falko added 23 aircraft to its portfolio during the quarter. Eight aircraft were sold and four aircraft were delivered on lease to customers in Europe.
Falko outlines second-quarter 2022 portfolio activity Read More »
Horizon Aircraft, an innovative leader in hybrid electric vertical take-off and landing (VTOL) aerial vehicles, has entered into a binding agreement with its parent company, Astro Aerospace (Astro) and several of Astro’s key shareholders (the Purchasers) whereby Astro has agreed to sell 100% of the equity of Horizon to the Purchasers in exchange for certain
Horizon Aircraft enters into binding agreement with Astro Aerospace for re-privatisation Read More »
Stratos has announced the appointment of Ailish Woulfe as Technical Manager to further strengthen its servicing team in Shannon, Ireland. Woulfe brings ten years of technical experience from major lessor’s. Prior to joining Stratos, she spent three years as Technical Asset Manager for Avolon covering the Asia-Pacific region. She began her career at GECAS, supporting
Stratos continues to grow its technical team Read More »
Atlas Air Worldwide, a leading global provider of outsourced aircraft and aviation operating services and parent company of Atlas Air, Inc. and Titan Aviation Holdings, Inc., has announced that it has entered into a definitive agreement to be acquired by an investor group (the Consortium) led by funds managed by affiliates of Apollo together with
Atlas Air Worldwide to be acquired by investment consortium for US$5.2 billion Read More »
