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DAILY AVIATION NEWS ALERT

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October 10th, 2023
Virgin Australia made its first profit in 11 years

Virgin Australia returns to profitability

Virgin Australia has returned to profitability for the first time in 11 years, reporting statutory NPAT of AU$129 million. Revenue more than doubled compared to the prior year to AU$5 billion as the company responded strongly to increased customer demand following COVID-19. Underlying EBIT was AU$439 million, representing a margin of 8.8%. Virgin Australia's Airline business (which includes domestic, international …
TAAG will expand its fleet with four B787 Dreamliners

Angola's national airline TAAG adds four 787 Dreamliners to fleet

African carrier TAAG Angola Airlines is adding the Boeing 787 Dreamliner to its fleet with an order for four of the wide-body jets. "Our goal is to work with the best manufacturers in the world towards a multi type fleet, in order to ensure we have the appropriate airplanes for each flight typology, namely our intercontinental connections," said Eduardo Fairen, CEO …
KLM is joining Heart Aerospace's Industry Advisory Board

KLM joins Heart Aerospace’s Industry Advisory Board

Dutch flag carrier KLM, the world’s oldest operating airline, is joining Heart Aerospace’s Industry Advisory Board to provide input on the design, development and commercialisation of the Swedish company’s first regional electric airplane, the ES-30. Heart Aerospace’s Industry Advisory Board consists of airlines, governments, leasing companies and airports from all over the world, each representing a key part of the …
Western Jet Aviation

Western Jet Aviation certified as FAA repair station

Western Jet Aviation, a StandardAero company, has received certification as a FAA Part 145 Repair Station at Miami-Opa Locka Executive Airport (OPF). The facility will provide maintenance and avionics services for large-cabin business aviation aircraft in Florida. Western Jet Aviation was acquired by StandardAero in February 2023, and is well-known for its facility in Van Nuys, California, which is one …

easyJet joins Airbus’ carbon-removal initiative

easyJet has become the first airline to sign a contract with Airbus for its carbon-removal initiative. Available through the Airbus Carbon Capture Offer, the technology uses Direct Air Carbon Capture and Storage (DACCS), to offer airlines worldwide carbon removal credits to advance their decarbonisation goals. DACCS technology filters and removes CO2 emissions directly from the air using high powered extraction fans. …
Prof Anke Kaysser-Pyzalla and Maurílio Albanese Novaes Júnior at the signing of the MoU in Brazil

DLR and Embraer extend cooperation in aviation research

DLR (Deutsches Zentrum für Luft- und Raumfahrt) and Embraer have signed a Memorandum of Understanding (MoU) for a collaboration regarding pre-competitive technology research and development activities. The partners will evaluate the possibility of establishing a future cooperation on a wide range of activities, including aircraft design, flight systems, flight physics, system architectures, flight tests, wind tunnel experiments, structures and materials …
Ontic has acquired Honeywell’s Thrust Reverser Actuation System (TRAS) product line

Ontic acquires manufacture and support of Honeywell's TRAS product line

Ontic, a leading licensor and manufacturer of complex engineered parts for the global aerospace and defence industries, has signed an exclusive license agreement with Honeywell to take over production and repair of its flight critical Thrust Reverser Actuation System (TRAS) product line. Used primarily upon landing to slow aircraft by reversing the direction of the engine thrust, the system supports …

Austrian Airlines introduces AVIATAR Technical Logbook into operations

Avolon and Cathay Group sign agreement for sale-and-leaseback of Airbus aircraft

BOC Aviation secures US$1.375 billion club term loan with 16 global banks

Fokker Services Group signs Albastar as launch customer of B737NG nose-to-tail programme

Finnair to hold EGM to approve €600 million share offering

Amprius secures volume purchase order from premier eVTOL OEM

Grupo EULEN names Ángeles Campoy new Chief Executive Officer for U.S.

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