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DAILY AVIATION NEWS ALERT
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This edition is supported by:
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Portuguese government looks to sell off TAP as it becomes profitable
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Portugal’s flag-carrying airline, TAP Air Portugal (TAP), has now become profitable and, as a consequence, is being put up for sale by the government. The move comes after the stricken carrier was granted a €3.2 billion bailout in the form of a taxpayer-funded restructuring programme. Portugal’s Finance Minister has announced that a minimum 51% stake in the carrier will be …
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Satair appoints Richard Stoddart Chief Executive Officer
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Satair, an Airbus Services company, has appointed Richard Stoddart as its new Chief Executive Officer and Head of Airbus Material Services, effective October 1 2023. Stoddart joins Satair with a wealth of experience from the Airbus Defence and Space and Commercial Aircraft divisions, where he has led various customer-oriented programmes and most recently headed Airbus’ transformation towards a decarbonised future. …
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IBA predicts airlines to achieve an average margin of 9% by 2025
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IBA, the aviation market intelligence and consultancy company, forecasts improving airline profits with a global average EBIT (Earnings Before Interest and Tax) margin of 9% in the 2025 financial year, compared to just 2% in 2022 and 7% in 2019 prior to the COVID pandemic. IBA’s ISTAT-certified experts forecast a mixed picture across global regions, with North American carriers set …
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LHT to maintain PAL's CFM56-5B engines
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The Philippines’ flag carrier PAL and leading MRO provider Lufthansa Technik (LHT) have recently signed a three-year contract regarding the maintenance of eight CFM56-5B engines of the airline’s A320ceo fleet, effective in 2024. In addition to the existing agreements in Total Component Support (TCS) for PAL’s Boeing 777 fleet as well as Base Maintenance Services (BMS) with Lufthansa Technik’s subsidiary …
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New regional airline flyvbird progresses with ‘flyvAI’ prototype
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flyvbird, Europe's new low-cost, on-demand regional airline model, has confirmed the creation of its flyvAI prototype, featuring proprietary algorithm and software architecture. It has been developed in collaboration with customised software development company Startup House of Poland, working in close collaboration with flyvbird’s CEO Anton Lutz. The system will now be fine-tuned over the next six to nine months. The …
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South Korea's Moviation signs LoI for Eve's Urban ATM solution
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Eve Air Mobility (Eve) and Moviation, South Korea’s first Urban Air Mobility (UAM) service provider, announced the signature of a Letter of Intent to purchase Eve’s Urban ATM solution. The software solution will be a key enabler to the implementation and scalability of Urban Air Mobility (UAM) and provides critical traffic management services that will play an essential role in …
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Malaysia sees location for new subsidiary “AMROS Asia” branch
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AJW Group adds Barry Swift and Clare Brown to executive leadership team
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MTU Maintenance Hannover completes 10,000th shop visit
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Global Airlines to accelerate A380 entry into service programme
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Philippine Airlines signs new maintenance agreement with Joramco
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Pan Am obtains FAA qualification for B747-400 full-flight simulator
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EngineStands24 expands global footprint with new hub in Singapore
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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.
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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 (Americas)
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Malte Tamm
Vice President Sales & Marketing (International)
Email: [email protected]
Phone: +49 (0)162 8263049
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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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