Akbar Travels and Sabre cement 20-year relationship with new strategic partnership agreement

Software and technology provider Sabre Corporation and India’s largest travel agency, Akbar Travels (Akbar), have signed a new long-term, strategic partnership agreement to further expand Sabre’s footprint in the Indian subcontinent while driving operational efficiencies to increase productivity and profitability for Akbar. Under the extended and expanded agreement, Sabre will continue to be Akbar’s preferred […]

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GA-ASI and GKN Aerospace expand strategic partnership

General Atomics Aeronautical Systems, (GA-ASI) and GKN Aerospace have signed a contract for GKN Aerospace to manufacture the advanced composite V-tails for GA-ASI’s new MQ-9B SkyGuardian® Remotely Piloted Aircraft System (RPAS) from its Cowes facility in the United Kingdom. SkyGuardian is the baseline system of the U.K. Royal Air Force’s (RAF) Protector RG Mk1 and

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Astronics posts full-year 2020 net loss of US$115.8 million

Astronics Corporation, a supplier of advanced technologies and products to the global aerospace, defense and other mission-critical industries, has reported financial results for the three and twelve months ended December 31, 2020. Astronics has posted fourth-quarter revenues of US$114.8 million, down 42.1% from the comparator period of 2019, but up 7.8% sequentially from the third

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U.K. bans all Boeing 777s with PW4000 engines after Denver engine blowout

After an incident over Denver at the weekend where one of the Pratt & Whitney engines on a Boeing 777 caught fire, the U.K has banned all other 777s with this engine type from entering its airspace. In turn, Boeing has advised all airlines which operate this older model of aircraft, the 777-200 and 777-300,

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British Airways

British Airways reaches financing agreements for £2.45 billion

International Airlines Group (IAG) has confirmed two financing agreements that British Airways has reached that will increase total liquidity by £2.45 billion. On December 31, 2020, IAG announced that British Airways had received commitments for a five-year Export Development Guarantee term-loan of £2.0 billion underwritten by a syndicate of banks, partially guaranteed by U.K. Export

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Regional One chooses SPARTA Enterprise Asset Management software

Regional One, a purchaser, lessor, and seller of aircraft, aircraft parts, engines and engine parts, has chosen Acumen Aviation’s (Acumen) SPARTA Enterprise Asset Management software solution to support its entire fleet, comprising of more than 170 aircraft, engines, and other major assemblies. SPARTA is a cloud-based integrated platform designed, based on an in-depth understanding of

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DAE signs lease agreement with IndiGo for seven A321neo aircraft

Dubai Aerospace Enterprise (DAE) has signed long-term lease agreements for seven Airbus A321neo aircraft with IndiGo, India’s largest passenger airline. All seven aircraft will be powered by CFM International’s Leading Edge Aviation Propulsion (LEAP) engines and are scheduled to be delivered in 2021. Firoz Tarapore, Chief Executive Officer of DAE said: “We are delighted to

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Revima reaches agreement with Pratt & Whitney as global authorized repair facility for several APU models

Revima, a leading independent APU and landing gear MRO specialist, has reached an agreement with Pratt & Whitney to renew and expand its authorized repair facility agreement on a worldwide basis for a variety of APU models (APS500, APS1000, APS2000 and APS2100) for both commercial and military applications, and for the remaining life of the

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