Atlas Air Worldwide Holdings has reported first-quarter 2022 net income of US$81.5 million, compared to US$89.9 million in 2021 (which included US$40.9 million, US$31.9 million after tax, of CARES Act grant income). On an adjusted basis, EBITDA totaled US$202.8 million in the first quarter of 2022 compared to US$181.3 million in the prior-year period. For […]
Atlas Air Worldwide reports strong first-quarter 2022 results Read More »
Avion Systems of Ft. Lauderdale, FL., has acquired Grecco Aerospace of Miami, FL. (Grecco) and formed Avion Repair Services Inc. (ARS). Grecco Aerospace, an FAA/EASA accredited aviation repair facility has capabilities to overhaul and repair commercial components specifically pneumatic, hydraulic and fuel related for Boeing and Airbus platforms. The management team lead by Kirenia Bustillo
Avion Systems acquires Grecco Aerospace Read More »
Boeing has announced that its Arlington, Virginia campus just outside Washington, D.C. will serve as the company’s global headquarters. The aerospace and defence firm’s employees in the region support various corporate functions and specialize in advanced airplane development and autonomous systems. In addition to designating Northern Virginia as its new headquarters, Boeing plans to develop
Boeing to move headquarters to Northern Virginia Read More »
Italian line maintenance specialist EU Wings and sister company AliPlan, a provider of CAMO and engineering services, have both signed up to use Rusada’s ENVISION software for their airworthiness and maintenance. EU Wings, based in Verona, provides line maintenance services to customers across Europe, Africa, and Asia, assisting with scheduled maintenance, component replacement, minor repair,
EU Wings & AliPlan sign up for Rusada’s ENVISION Read More »
Dubai Aerospace Enterprise (DAE) has announced the following two promotions with an effective date in the third quarter of 2022: Sinan Kahya has been promoted to the role of Chief Financial Officer, reporting to the Chief Executive Officer and Melissa Closa has been promoted to the newly created role of Chief Accounting Officer, reporting to
DAE names Sinan Kahya CFO and Melissa Closa CAO Read More »
With its strong portfolio of world-leading jets and an expanding service network, Bombardier is uniquely positioned to capitalize on the demand for both new jets and services. This strength supported consolidated cash generation of US$173 million for the first quarter of 2022, which represents a US$578 million improvement compared to the same quarter last year.
Bombardier reports first-quarter 2022 results, grows backlog by US$1.3 billion Read More »
After its Supervisory Board meeting on Wednesday, May 4, MTU Aero Engines AG (MTU) has announced that its CEO, Reiner Winkler, will be stepping down and leaving the company, for personal reasons, at the end of the year. “After more than twenty years in the management board of MTU, I now see the time has
MTU CEO Reiner Winkler to step down Read More »
Aventure Aviation has acquired a Boeing 737NG, MSN 35140, the youngest 737NG airframe it has ever obtained. Teardown for the recently retired TUI Airways aircraft will be done by KLM UK Engineering in Norwich, United Kingdom. This is Aventure’s fourth 737NG purchase for 2022. Parts will join an extensive stock of existing 737NG inventory stored
Aventure Aviation acquires Boeing 737NG for tear-down Read More »
FL Technics has signed a contract with B&H Worldwide to manage its aircraft parts storage in Germany. The two companies have had a long-term commercial relationship in both the UK and Singapore, but this is the first time they have worked together in mainland Europe. Effective immediately, B&H Worldwide will utilise its Frankfurt warehouse facility
FL Technics signs warehousing contract with B&H Worldwide Read More »
Qantas has reached an agreement to fully acquire Australian-based operator, Alliance Aviation Services (Alliance), enabling the national carrier to better serve the growing resources sector. The agreement, which is subject to a vote from Alliance shareholders and competition clearance, would see Alliance become a wholly owned part of the Qantas Group. Alliance has a fleet
Qantas to acquire Alliance Aviation Read More »
