BOC Aviation Limited (BOC) has signed purchase-and-leaseback agreements with InterGlobe Aviation (IndiGo) for eight new Airbus A320neo aircraft powered by CFM Leap engines. The aircraft are scheduled to be delivered in the second half of 2021. Mr. Riyaz Peermohamed, Chief Aircraft Acquisition & Financing Officer, IndiGo, said: “We are pleased to further strengthen our existing […]
Demand for freighter aircraft continues to grow strongly as a result of Covid-19, but values and lease rates remain suppressed by an oversupply of feedstock aircraft, according to leading aviation industry consultant IBA. Since May 2020, almost 200 narrowbody and widebody aircraft have joined the worldwide freighter fleet, data from IBA’s Insight.iQ platform indicated during
IBA sees sustained growth in freighter aircraft demand but suppressed values Read More »
Australia’s Civil Aviation Safety Authority (CASA) has lifted the temporary suspension on Boeing 737 MAX aircraft operating to or from Australia. While no Australian airlines currently operate the Boeing 737 MAX, two foreign airlines flew these aircraft types to Australia before the COVID-19 pandemic – Singapore-based SilkAir (now Singapore Airlines) and Fiji Airways. Both the
Australia is first Asia-Pacific region to lift ban on Boeing 737 MAX Read More »
Qantas and Jetstar are planning to restart regular international passenger flights to most destinations from October 31, 2021 – a four-month extension from the previous estimate of July, which had been in place since mid-2020. The date change aligns with the expected timeframe for Australia’s COVID-19 vaccine rollout to be effectively complete. Capacity will be
Qantas prepares to resume international flights from late October Read More »
Fly Leasing (FLY) is reporting a net loss of US$107.0 million for the fourth quarter of 2020. This compares to net income of US$75.2 million for the same period in 2019. The decrease in net income is primarily due to flight equipment impairment of US$115.0 million. Net loss for the year ended December 31, 2020
Fly Leasing reports fourth quarter net loss of US$107.0 million Read More »
IAG Cargo has reported its 2020 full-year results, reporting commercial revenues of €1,306 million over the period from January 1 to December 31, 2020, an increase of 18.5% on 2019 at constant currency. Overall yields for the year were up 94.6% on the same time last year at constant currency. Sold tons were down 34.9%. IAG’s top priority was
IAG Cargo reports strong financial results for 2020 Read More »
StandardAero signs multiple long-term agreements to perform component MRO services for Honeywell accessories and LRUs StandardAero Component Services has signed multiple, long-term distribution and license agreements with Honeywell Aerospace, authorizing the company to perform OEM-approved repairs on Honeywell hydromechanical units and fuel controls as well as a large portfolio of Honeywell pneumatic valves, actuators, regulators,
ACI EUROPE, the association of the European airport industry, together with other leading European aviation associations have presented a strategy paper to the European Commission in Brussels, detailing the route by which all system partners – from airports and airlines through aerospace manufacturers all the way through to air traffic controllers – can work collectively
Munich Airport working towards climate neutrality Read More »
West Star Aviation has acquired additional hangar space at its Chattanooga, TN (CHA) facility. The additional space will accommodate the growth of the Embraer program while being able to accommodate additional customers with their maintenance and scheduling needs. The Chattanooga location is a one-stop shop for Embraer maintenance, as well as being the only OEM-authorized
Lufthansa Technik has reorganized its global Corporate Sales management team at the beginning of the year. Kai-Stefan Roepke has taken over responsibility for EMEA (Europe, Middle East and Africa) and Thomas Boettger for the Asia Pacific region. Frank Berweger remains Vice President Corporate Sales for the Americas. In December 2020, Roepke started his new job
Lufthansa Technik appoints new Corporate Sales management team Read More »
