Delta Air Lines and LATAM receive final approval in Brazil for joint venture agreement

Delta Air Lines and LATAM have received final approval, without conditions, of their commercial agreement (trans-American Joint Venture Agreement or JVA) by the Brazilian competition authority – the Administrative Council for Economic Defense (CADE) – after initial approval was granted in September 2020. The JVA seeks to enhance the route networks served by both airlines, delivering […]

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Chapman Freeborn appoints North Asia Cargo Director, to support growth strategy and increasing demand

People

Chapman Freeborn has appointed Allen Liu as Cargo Director, North Asia. With 15 years’ experience in aviation, Liu begun his career in 2006, gaining industry knowledge at several air cargo businesses before taking on a senior role as Cargo Manager China at Chapman Freeborn in 2013. After five years generating and developing business in the

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DHL Express and SmartLynx Malta partner to break new ground in cargo transportation

Aircraft & Engines

Express service provider DHL Express and SmartLynx Malta have signed a new partnership agreement for the introduction of two newly converted Airbus A321-200 freighters joining DHL’s European air fleet. The new technically advanced narrow-body fleet type is adding capacity to meet the increasing demand for express cargo transportation worldwide combined with further improving DHL’s unit

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Atlas Air has signed lease agreements for three 747-8 Freighters from BOC Aviation

Atlas Air Worldwide signs agreement with GE Aviation for GEnx engines

Aircraft & Engines, Top Stories

Atlas Air Worldwide Holdings has signed an agreement with GE Aviation to purchase GEnx-2B engines for its four Boeing 747-8 Freighters along with a 20-year TrueChoice Overhaul agreement, which covers the time and material required to overhaul the GEnx-2B engines. The agreements are valued at more than US$800 million at list price over the life

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IATA new analysis shows airline industry expected to remain cash negative throughout 2021

Other News

The International Air Transport Association (IATA) has released new analysis showing that the airline industry is expected to remain cash negative throughout 2021. Previous analysis (November 2020) indicated that airlines would turn cash positive in the fourth quarter of 2021. At the industry level, airlines are now not expected to be cash positive until 2022.

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Collins Aerospace wins US$34 million contract for USAF F-16, B-2 sustainment

Military & Defense

Collins Aerospace, a unit of Raytheon Technologies, has received a ten-year, US$34 million contract from the DLA to provide gearbox repair materiel for the USAF F-16 and B-2 fleets. Under the Supplier Initiated Ordering program, a new Department of Defense practice, the DLA has provided Collins Aerospace access and insight to its materiel demand profile.

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ACIA Aero Leasing delivers two aircraft to Air Express Algeria

Aircraft & Engines

ACIA Aero Leasing (ACIA) has completed the transition of two aircraft to Air Express Algeria. The deliveries include one Beechcraft B1900D (UE-379) and one LET 410 (MSN 3001). The deliveries took place in February 2021. These aircraft are part of a three-aircraft transaction with the third aircraft, a further Beechcraft B1900D, scheduled to deliver in March

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Spirit Aero’s Q4 2020 revenue plummets 55% on back of Boeing woes

Financial, Top Stories

Spirit AeroSystems Holdings (Spirit) has reported worse-than-expected results for its fourth-quarter 2020 operations, notably a 55% drop in revenue compared to the same quarter in 2019. The drop in revenue is a result of Boeing, one of its largest customers, struggling with the grounding of the 737 MAX and downturn in demand for new aircraft

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Genesis and Heston Aviation form strategic alliance to create Heston Airlines

Airlines & Routes

Genesis, the Dublin-based aircraft leasing company has formed an alliance with Heston Aviation, to build and launch Heston Airlines. Heston Airlines will be a newly established Lithuanian-headquartered charter and ACMI service provider. Over the past 12 month, Genesis has supported the strategy and development of the airline and has just concluded on delivering the airline’s

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Boeing begins T-7A Red Hawk advanced trainer production