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DAILY AVIATION NEWS ALERT
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Fraport’s improved Q1 results sees 2023 Group net profit forecast of €300 - €420 million
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Fraport Group's revenue for Q1, 2023 has risen by 41.9% compared to Q1, 2022 thanks to ongoing traffic recovery. The Group revenue totalled €765.6 million with an operating (EBITDA) of €158.3 million, a year-on-year increase of around 100%. The Group result (net profit) rose to minus 32.6 million in the reporting period (from minus €118.2 million in the first quarter …
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RECARO's BL3710 economy-class seats enter into service on IndiGo's A321neo
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RECARO's BL3710 economy-class seats have entered into service on IndiGo’s A321neo aircraft. This seat programme marked the first time that IndiGo selected RECARO as a seating solution partner since the airline’s founding in 2006. Deliveries of the BL3710 will be installed on a fleet of 75 A321/A320neo aircraft. Each A321 can seat 232 passengers on the award-winning economy class seat. …
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VSE Corporation acquires Desser Aerospace
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VSE, a leading provider of aftermarket distribution and MRO services for air, land and sea transportation assets for commercial and government markets, has entered into a definitive agreement to acquire Desser Holding Company (Desser Aerospace), a global aftermarket solutions provider of specialty distribution and MRO services. The acquisition is expected to close within the next 90 days, subject to regulatory …
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Michael T. Steen appointed CEO of Atlas Air Worldwide
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Atlas Air Worldwide has released that Michael T. Steen, Executive Vice President and Chief Commercial Officer of Atlas, has been appointed Chief Executive Officer (CEO) of the company, in line with the company’s long-term succession plan, effective June 15, 2023. Steen succeeds John W. Dietrich, who is retiring from the company after nearly 25 years. Additionally, the company announced that …
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CDB Aviation delivers first A321NX to Volaris
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CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), has delivered the first of two A321neo aircraft fitted with Airbus’ Cabin Flex (A321NX) to its long-standing customer, Volaris (Controladora Vuela Compañía de Aviación, S.A.B. de C.V.). The delivery is part of the lease agreements signed with the airline in 2021, which forms part of …
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Willis Lease Finance reports first-quarter pre-tax income of US$6.8 million
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Willis Lease Finance has reported first-quarter pre-tax earnings of US$6.8 million and total revenues of US$89.5 million. For the three months ended March 31, 2023, aggregate lease rent and maintenance reserve revenues were US$76.7 million and spare parts and equipment sales were US$5.1 million. The company reportedincreased total revenues in the first quarter when compared to the prior year period, …
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Air Transat increases service to London Gatwick
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Air Transat is increasing its services from London Gatwick to Montreal and Toronto in Canada for the 2023 summer season, including the re-introduction of its seasonal weekly direct flight to Quebec City. Increased services from Gatwick include daily flights to Montreal and double daily flights to Toronto. This comes as Air Transat celebrates 35 years since its first flight from Gatwick …
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Embraer posts 19% revenue growth for first quarter 2023
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Embraer has posted consolidated revenue of US$ 717 million for the first quarter of 2023 (1Q23) represented growth of 19% y-o-y due to better commercial mix, strong growth in Defence & Security (+56% y-o-y) and Services & Support (+20% y-o-y). The company’s total revenue closed the quarter as planned. Commercial Aviation reported revenue growth of 17.5% y-o-y to US$ 198.8 …
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Apollo looks to acquire majority stake in troubled SAS
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Datalex renews partnership with JetBlue and signs new contract with LATAM Airlines
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Emirates and Etihad sign MoU to expand interline agreement
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Steve Lightstone joins Rusada as Director of Sales and Business Development
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LHT gets off to a good start in 2023
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J&C Aero completes turnkey Airbus A320 reconfiguration project for Arena Aviation Capital
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Panasonic Avionics and HEAR360 to bring 3-D Spatial Audio to airline passengers
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Airbus reports good first-quarter 2023 results reflected by 127 commercial aircraft deliveries
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Monthly MRO Magazine
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Our magazine focusing on maintenance, repair overhaul in the aviation industry. Monthly features focusing on key issues in MRO sector, exclusive insight from senior industry executives, regular in-depth company profiles.
Subscription free monthly magazine straight to your inbox, as a pdf attachment or link to hosted site.Edit this to insert text.
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Weekly Aviation Headline News
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The industry leading weekly aviation newsletter. No subscription charges. Distributed in magazine style every Monday via email. AviTrader’s flag ship publication since 2005.
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Interested in promoting your company with AviTrader?
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Vice President Sales & Business Development
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AviTrader Publications Corp.
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Richmond, British Columbia
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For information, contributions, letters to the editor and queries:
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