Based at Toulouse Blagnac airport in France, ATR (Aerei da Trasporto Regionale or Avions de Transport Régional), the aircraft manufacturer has revealed its plans for 2021 and beyond for dealing with the devastating effects of the COVID-19 pandemic on the aerospace industry as a whole. 2020 was not such a disastrous year for ATR as […]
ATR reveals recovery plan for 2021 and beyond Read More »
Europe’s aviation sector welcomed the proposal by the European Commission for a Digital Green Certificate system. This proposal requires EU States to issue common, inter-operable and mutually recognized certificates for COVID-19 vaccination, testing, and recovery status that will facilitate free movement during the COVID pandemic and support the restart of travel. Industry associations Airlines for
Europe’s aviation sector welcomes Digital Green Certificate proposal Read More »
Israel Aerospace Industries (IAI) has signed a Memorandum of Understanding (MOU) with Aviatic MRO UAB for a strategic cooperation in establishing an aircraft maintenance center at the Siauliai Airport, Lithuania. The new site will provide aircraft maintenance and overhaul services, the conversion of B737NG passenger airplanes into cargo configuration, and the training, certification, and licensing
IAI and Aviatic to establish aircraft maintenance center in Lithuania Read More »
Israel Aerospace Industries (IAI), Israel’s largest national military and civilian security defense company, has issued its consolidated financial statements for the year ended December 31, 2020. The company’s revenues in 2020 reached a record of US$4,184 million, representing the highest sales revenues ever recorded in company history, compared with US$4,108 million in 2019. The increase
IAI financial year 2020 net income increased 48% Read More »
Finnair and the State of Finland have signed an agreement on a hybrid loan of maximum €400 million to support Finnair. The decision was made by the Plenary Session of the Government on February 18, 2021. The arrangement has the approval of the EU Commission’s competition authority in line with the European Union’s state aid
EU Commission approves hybrid loan by the State of Finland to Finnair Read More »
IBM and MHIRJ, the Montréal-based aviation group created from the acquisition of the Bombardier CRJ Series program by Mitsubishi Heavy Industries, announced their collaboration to build MHIRJ’s consolidated business on the cloud. MHIRJ, which provides aircraft maintenance, repair and overhaul services, has chosen to deploy the SAP S/4HANA ERP solution hosted on the IBM cloud
MHIRJ teams up with IBM to build its consolidated aviation business on the cloud Read More »
Fraport AG Frankfurt Airport Services worldwide (Fraport) has released its financial results for fiscal year 2020, ending December 31. For the first time in 20 years net profit for the Group dropped into negative territory at €-690.4 million, despite the implementation of extensive cost-cutting measures. Group revenue decreased by 54.7% year-on-year to €1.68 billion. Adjusting
Fraport retains positive outlook despite posting €690 million 2020 fiscal year loss Read More »
Leonardo’s wholly owned subsidiary in the U.S., Leonardo US Holding, has launched its initial public offering (IPO) for a minority stake of Leonardo DRS, (DRS) common shares. The initial public offering consists of 31,900,000 shares of DRS common stock to be offered at an anticipated initial public offering price range of between US$20.00 and US$22.00
Leonardo announces launch of Leonardo DRS IPO for a minority stake Read More »
AJW Group, an independent specialist in the supply and repair of aircraft spare parts with headquarters in the U.K., has entered into a regional partnership agreement with Bahrain-owned aviation service provider, MENA Aerospace to offer enhanced aircraft part support, component MRO and logistical support to fixed- and rotary-wing aircraft operating in the Middle East. This
AJW Group and MENA Aerospace join forces to enhance aircraft support in the Middle East Read More »
The aircraft engine market is showing early signs of recovery from the worst effects of the COVID-19, but is not set to return to pre-pandemic levels until the mid-2020s, according to aviation data and advisory company IBA. During a webinar on the engine market, IBA outlined how the vaccine rollout is gathering pace in certain
Aircraft engine market regaining REVS, but lengthy recovery timeframe says IBA Read More »
