Fraport secures permission to build Terminal 3 Pier G at Frankfurt Airport

Originally intended for construction subsequent to completion of the first construction phase of FRA’s new Terminal 3, Fraport AG, the owner and operator of Frankfurt Airport (FRA), has received the required permit from the building inspectorate of the city of Frankfurt for the construction of Pier G. The move has been brought about by increased passenger growth, with the airport handling 58 million passengers last year. The building of Pier G should be completed by summer 2021. When completed, it is anticipated that Terminal 3 will be able to cater for an additional 25 million passengers a year. In a Read more

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Elbit Systems reports second quarter of 2018 results

Elbit Systems, the international high technology company, has reported its consolidated results for the quarter ended June 30, 2018. Revenues in the second quarter of 2018 were US$892.2 million, as compared to US$818.3 million in the second quarter of 2017. Non-GAAP gross profit amounted to US$254.8 million (28.6% of revenues) in the second quarter of 2018, as compared to US$248.3 million (30.4% of revenues) in the second quarter of 2017. GAAP gross profit in the second quarter of 2018 was US$250.0 million (28.0% of revenues), as compared to US$242.3 million (29.6% of revenues) in the second quarter of 2017. The Read more

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Benjamin Smith appointed as new CEO of Air France-KLM

Benjamin Smith new CEO of Air France-KLM

The Board of Directors of Air France-KLM has decided to appoint Benjamin Smith as Air France-KLM Chief Executive Officer. Benjamin Smith is a reputed senior airline industry executive at international level. He has played a major role at Air Canada over the past two decades, where he has been a key player in the airline’s economic and commercial development, its transformation, its value creation and the engagement of the teams. Until today, he was Air Canada’s President Airlines and Chief Operating Officer. Benjamin Smith will take up his duties at Air France-KLM at the latest on September 30, 2018. In Read more

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FlyBosnia joins growing international OASES community

Newly established, Sarajevo-based FlyBosnia has selected Commsoft’s industry-leading MRO IT system, OASES, to support its planned operations. Established by the Saudi Arabian Al Shiddi Group, FlyBosnia is currently in the process of submitting its application for an AOC and intends to acquire, initially, an A320 Family aircraft for operations from Bosnia to various destinations, including Saudi Arabia. OASES is renowned for its technical sophistication as well as its intuitive user interface and is structured in a modular format to provide maximum flexibility and scalability, making it ideal for start-up operations. FlyBosnia has opted for the Core, Airworthiness, Materials, Planning and Read more

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NAC delivers two Embraer E195s to LOT Polish Airlines on lease

Regional aircraft lessor Nordic Aviation Capital (NAC) has delivered two Embraer E195s, MSNs 19000669 and 19000240, to LOT Polish Airlines on lease. NAC is a leading regional aircraft lessor serving over 70 airline customers in 48 countries. The company provides aircraft to well-established carriers such as British Airways, Air Canada, LOT, Azul, Lufthansa, Garuda, Flybe, Aeroméxico and airBaltic as well as major regional carriers including Air Nostrum and Widerøe. NAC’s current fleet of over 450 aircraft includes E170, E175, E190, E195, ATR 42, ATR 72, Bombardier Dash 8, CRJ900, CRJ1000 and CS300. In addition, the group has circa 50 aircraft Read more

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SR Technics signs engine MRO agreement with Eurowings

Eurowings A320 runway action

MRO service provider SR Technics has signed a major engine maintenance, repair and overhaul agreement with Eurowings, the Lufthansa Group’s low-cost airline. The two-year agreement was signed at the end of June 2018 and covers part of the airline’s CFM56-5B fleet. Cooperation with Eurowings began in January of this year and in order to meet the demands of the carrier’s large engine shop visit demands, SR Technics provided single engine shop visit offers to customize its services. This, combined with slots that met the carrier’s planning needs and SR Technics’ continuous support, was key to clinching the two-year contract. All Read more

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Delta Air Lines and Kenya Airways expand connectivity between U.S. and Africa

Delta Air Lines has entered into a codeshare partnership with Kenya Airways on flights to and from Kenya Airways’ hub at Nairobi’s Jomo Kenyatta International Airport. Effective Aug. 11, Delta’s code will be placed on Kenya Airways’ flights from Amsterdam, Paris, London, and Accra to Nairobi, enhancing connectivity and providing customers with a one-stop seamless travel experience from the United States. In addition, Delta will place its code on Kenya Airways’ services to more than 10 key cities across Africa, including: Addis Ababa, Ethiopia; Lilongwe, Malawi; Maputo, Mozambique; Johannesburg, South Africa and Djibouti City, Djibouti. Delta and Kenya Airways are Read more

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IAI publishes financial statements for second quarter of 2018

Israel Aerospace Industries, Israel’s national defense and Aerospace company, has issued its consolidated financial statements for the quarter ended June 30, 2018. In the second quarter of 2018, the Company reported sales totaling US$895 million, representing an increase of 4.2% in sales compared to the corresponding quarter of last year, as well as net income of US$10 million and operating income of US$30 million. The Company has cash balances in an aggregate of US$1.6 billion and positive cash flows from operating activities totaling US$104 million. Yossi Weiss, the outgoing CEO of IAI: “IAI concludes the second quarter of 2018 with Read more

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FLYdocs welcome André Fischer as new CEO

FLYdocs, the aviation data and records management software provider and a leader in managing the lease transfer of aircraft and assets has appointed André Fischer as CEO. Fisher joins from AAR Corp, where he has held the position of VP Business Strategy for the past 2 years. He brings a wealth of experience from the aviation sector, with his career spanning over 20 years, including management roles at Rolls-Royce, Fairchild Dornier and Lufthansa Technik, which he joined 2002 and has held series of senior sales and marketing positions.

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