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DAILY AVIATION NEWS ALERT
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IAG posts record profits of nearly £1.1 billion for first half of 2023
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International Airlines Group (IAG) has announced an operating profit of approaching £1.1 billion for the first half of 2023. The group owns British Airways, Aer Lingus, Vueling, Iberia, Iberia Express, IAG Cargo, LEVEL and others. By the end of 2023 the Group expects flight capacity to reach pre-pandemic levels. Last year the Group posted an operating loss of £383 million. …
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U.S. Air Force partners with Archer Aviation in US$142 million contract
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Archer Aviation, a pioneer in electric vertical take-off and landing (eVTOL) aircraft, has achieved a significant milestone by entering into new contracts with the U.S. Air Force, amounting to a total value of up to US$142 million. This landmark investment by the U.S. military underscores the transformative potential of Archer's innovative eVTOL technology for the country's Armed Forces. The expanded …
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VoltAero establishes long-term relationship with Avidyne
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VoltAero has selected Avidyne for the development and supply of avionics to equip the Cassio 330 in an exclusive agreement, establishing a long-term relationship that includes customised software specifically tailored for the electric-hybrid operations of this clean-sheet design aircraft. The Cassio 330 will be equipped with a glass cockpit incorporating Avidyne’s new-generation Quantum 14-inch displays in a dual PFD/MFD (Primary …
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Pratt & Whitney's F135 engine receives full funding support
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Pratt & Whitney continues to receive positive support for various F135-related programme items on the path toward finalizing the 2024 appropriations bill. On July 27, the Senate Appropriations Committee passed a bipartisan bill that included US$497 million for the development of the F135 engine core upgrade (ECU), the DoD's chosen F-35 engine modernisation effort; US$264 million above the President's budget request for F135 …
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Southwest Airlines mechanics approve new collective bargaining agreement
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Southwest Airlines Mechanics and Related Employees, represented by the Aircraft Mechanics Fraternal Association (AMFA), have given their approval to a new collective bargaining agreement, marking the seventh contract ratified between Southwest Airlines® and its union partners since October 2022. Adam Carlisle, Vice President of Labour Relations at Southwest Airlines, praised the expertise and dedication of the Mechanics and Related Employees, …
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Air France-KLM second quarter results improved, driven by strong revenue growth
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In the second quarter of 2023 (Q2 2023), Air France-KLM's revenues were up +14.1% compared to Q2 2022, driven by a higher capacity (+8%), a higher passenger load factor (+3 pt) and a higher passenger yield (+9%). The operating result improved compared to last year by €347 million while last year the operating result was supported by €42 million furlough …
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L3Harris' acquisition of Aerojet gets approval
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Safran reports excellent performance driven by civil engines aftermarket
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Swissport appoints new leaders for the U.S. and Canada
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US-Bangla Airlines leases two Airbus A330-330s
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Sensus Aero and SIA Gulfstream Oil sign agreement
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IAG Cargo reports revenues of €603 million for H1 2023
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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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