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DAILY AVIATION NEWS ALERT
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Cathay Group intends to purchase up to 32 new single-aisle aircraft
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The Cathay Group has announced its plan to buy as many as 32 Airbus A321neo and A320neo aircraft, as part of its ongoing investment in expanding and modernising its fleet, and enhancing flight connectivity at the Hong Kong international aviation hub. This move will increase the Group’s total new aircraft deliveries to over 70. These planes are expected to be …
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TrueNoord expands team of industry professionals
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Specialist regional aircraft lessor, TrueNoord, has announced two key appointments, further strengthening its existing team of industry professionals. A new addition to the Amsterdam office, Beata Stachowicz, has assumed the position of Transaction Manager, and Garret Dunne has joined as Risk Director, based in Dublin. Dunne joins TrueNoord from Dubai Aerospace Enterprise where he worked for almost ten years, most …
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SIAEC completes acquisition of 49% share capital of PAES
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Further to the announcement dated February 13, 2020, SIA Engineering Company Limited (SIAEC) has released that SIAEC’s acquisition of 49% of the share capital of PAES was completed on August 10, 2023. The consideration for SIAEC’s acquisition of the 49% stake from Pos Aviation Sdn Bhd (PASB) was MYR4 million in cash. This was arrived at after arm’s-length negotiations on …
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Lufthansa Group and Vereinigung Cockpit reach agreement over pilots’ pay
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The proposal negotiated last week between Lufthansa Group and Vereinigung Cockpit (VC) has now been fully accepted by the Pilots’ union. The negotiations have resulted in the approval of a proposed new ‘VTV’ collective remuneration agreement and ‘MTV’ collective terms-of-employment agreement for the pilots of Lufthansa Airline and Lufthansa Cargo, who number some 5,200 people. The new VTV will remain …
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Archer secures US$215 million from various investors
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Archer Aviation, a leader in electric vertical take-off and landing (eVTOL) aircraft, has reported operating and financial results for the second-quarter ended June 30, 2023. The company reported total operating expenses of US$181.4 million and a net loss of US$-184.1 million. Cash, cash equivalents and short-term investments stood at US$407.6 million at the end of June. In tandem with earnings, Archer …
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Air Canada posts second-quarter net income of CA$838 million
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Air Canada has reported that second-quarter operating revenues of CA$5.427 billion increased CA$1.446 billion from the same quarter in 2022, driven by a 42% year-over-year increase in passenger revenues. Operated capacity increased 21% from the second quarter of 2022, one percentage point lower than the projection provided in Air Canada's May 12, 2023, news release. Operating expenses of CA$4.625 billion increased CA$391 million or 9% from the second quarter …
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Wheels Up faces closure as post-pandemic demand drops
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TUI Group reports significant increase in earnings
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ST Engineering sells 11 narrow-body aircraft to Keystone
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GEnx engine family surpasses 50 million flight-hours
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Eve collaborates with DHL to craft innovative supply chain model for eVTOL support
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AMETEK MRO Muirhead Avionics welcomes David Bentley as Divisional Vice President
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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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