Altavair closes sale-and-leaseback of four Airbus A220-300 aircraft with airBaltic

Altavair, a global leader in commercial aviation finance, has announced the closing of a sale-and-leaseback with airBaltic for four Airbus A220-300 aircraft. The acquisition was funded by funds and accounts managed by KKR, with Altavair acting as servicer on the assets. “We are pleased to support airBaltic with this transaction,” said Matt Hoesley, Head of […]

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Emirates SkyCargo expands capacity with delivery of new freighter

Aircraft & Engines

Emirates SkyCargo has received delivery of a new Boeing 777F aircraft. This latest addition takes its dedicated 777 freighter fleet to 11 aircraft. From Boeing’s Paine Field in Seattle, A6-EFT headed to Hong Kong to pick up its first load before touching down on May 28, at its new home, Dubai World Central, with a

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MTU Chief Operating Officer Lars Wagner takes over CSO function

People

MTU Aero Engines is reaffirming its commitment to social responsibility and has entrusted Lars Wagner, Chief Operating Officer of MTU Aero Engines AG, with the role of Chief Sustainability Officer (CSO) in addition to his current responsibilities. Wagner is already responsible for important sustainability issues such as climate protection in development and production or supplier

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IBC Advanced Alloys reports continued profitability in the quarter ended March 31, 2022

Financial

IBC Advanced Alloys has reported its financial results for the quarter ended March 31, 2022. IBC booked another profitable quarter with comprehensive income of US$287,000 in the quarter, a 107% increase over comprehensive income of US$139,000 in the prior-year period. This quarter’s success marks IBC’s second consecutive quarter of profitable operations. Consolidated sales of US$6.3

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Norwegian places order for 50 Boeing 737 MAX 8 aircraft

Aircraft & Engines, Top Stories

Norwegian Air Shuttle ASA has reached an agreement in principle with Boeing for a recommitment to purchase 50 Boeing 737 MAX 8 aircraft. The agreement also includes options for an additional 30 aircraft. The 50 aircraft are due to be delivered between 2025 and 2028, at a schedule closely corresponding to current aircraft lease expirations.

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DHL Global Forwarding expands footprint at Brisbane Airport

Other News

DHL Global Forwarding, the freight specialist arm of Deutsche Post DHL Group, held a groundbreaking ceremony on May 30, for its new 4,880 m² facility at Brisbane Airport. DHL Global Forwarding is investing AU$17 million (€11 million) over ten years for the new facility and it houses the largest international cold chain services in Brisbane,

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Rick Deurloo takes over as new President of Pratt & Whitney Commercial Engines

People

Pratt & Whitney has announced that with immediate effect, Rick Deurloo, the company’s current Senior Vice President and Chief Commercial Officer, will take over from Carroll Lane, who has chosen to leave Pratt & Whitney for another leadership opportunity, as President of its Commercial Engines business. Deurloo will remain in his existing roles while taking

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Elix Aviation delivers one Dash 8-300 aircraft to Kenia-based ALS Ltd

Aircraft & Engines

Regional aircraft leasing platform Elix Aviation has delivered one Dash 8-300, MSN 375, on lease to ALS Ltd in Kenya. With this new delivery, Elix Aviation continues to expand its sales/leasing and asset management services in the African market. ALS Ltd is an aviation company based at Wilson Airport Nairobi. With a fleet of 31

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IBA’S Aviation Industry Barometer reveals strong market recovery

Other News

IBA, the aviation industry consultant, has published its latest Aviation Industry Barometer for April 2022. IBA’s data intelligence platform, IBA Insight, indicates that the recovery of global passenger flights grew by 2% in April 2022, with flight capacity at 74% relative to pre-pandemic levels. IBA’s Aviation Industry Barometer for April 2022 also reveals that Europe

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Hawaiian Airlines to resume service to Tokyo Haneda Airport

Airlines & Routes

Hawaiian Airlines will resume daily service between Honolulu’s Daniel K. Inouye International Airport (HNL) and Tokyo Haneda Airport (HND) on August 1, 2022. Hawaiian, which today offers three weekly flights between HNL and Narita Airport (NRT) and one weekly flight between HNL and Osaka’s Kansai Airport (KIX), will also bring daily service to each route

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