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Colorado based Air Comm Corporation acquires Meggitt

Colorado based Air Comm Corporation (ACC) has completed the acquisition of Texas based Meggitt (Addison), formerly Keith Products. Air Comm Corporation is a world leader …

Avianca Holdings earns net income of $75.3m in first quarter 2013

Avianca Holdings earned a net income of US$75.3m for 1Q-13, an increase of more than US$75m over the profit recorded for the same period in …

YunExpress will add a second Boeing 777 Freighter under a long-term charter agreement with Atlas Air ©Boeing

YunExpress and Atlas Air expands partnership with addition of second Boeing 777-200 Freighter

Atlas Air Inc., a subsidiary of Atlas Air Worldwide Holdings, has unveiled the extension of its strategic collaboration with YunExpress, a subsidiary of Zongteng Group. This expansion entails the addition of a second Boeing 777-200 freighter under a long-term charter agreement. Augmenting the already fruitful alliance between Atlas and YunExpress, this additional 777 freighter is

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Ryanair will purchase up to 360,000 tonnes of SAF from Shell between 2025 and 2030 © Ryanair

Ryanair purchases 1,000 tonnes of SAF from global energy group Shell

Ryanair has purchased 1,000 tonnes of sustainable aviation fuel (SAF) from global energy group, Shell, (enough SAF to fuel over 200 flights from Stansted to Madrid), which will be supplied to the airline at its Stansted Airport base. This purchase follows the MoU agreement made between the companies in 2022, providing Ryanair with unique access

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Cargo aircraft

WorldACD: Air cargo rates are rising from most of the main global regions

Air cargo rates are rising from most of the main global regions, especially from Asia Pacific and from Middle East & South Asia (MESA), strengthened by the ongoing disruptions to container shipping and elevated demand for cross-border e-commerce shipments. According to the latest weekly figures and analysis from WorldACD Market Data, the average global rate

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Darius Kajokas CEO of Avion Express

Avion Express completes corporate restructuring process

Avion Express UAB fulfilled its obligations to creditors almost two years ahead of schedule and became the first airline in Lithuania to successfully complete its corporate restructuring process. During this process, the company not only ensured the continuity of its operations, but also grew its business. “The restrictions on air travel during the COVID-19 pandemic

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Ground-breaking of AAR's new facility in Miami © AAR Corp.

AAR begins construction of new maintenance facility in Miami

On Wednesday, March 27, AAR CORP. commenced the construction of its new maintenance, repair, and overhaul (MRO) facility in Miami, marking a significant milestone for the company. Over 400 attendees congregated to commemorate the occasion, with John M. Holmes, AAR’s Chairman, President and CEO, expressing gratitude for the collaborative efforts enabling the expansion. James Crane,

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Johan Malmqvist

Lilium appoints Johan Malmqvist as new CFO

Lilium has appointed Johan Malmqvist as Chief Financial Officer (CFO) effective April 1, 2024, bringing more than 25 years of experience as a CFO of global public and private companies across a variety of sectors and geographies. Most recently, he served as CFO at a premium electric vehicle manufacturer, Polestar Automotive Holding UK (Polestar), where

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The Airbus A220 is powered by PW1500G engines

SIAEC to exit PW1500G engine risk-revenue sharing programme

SIA Engineering Company (SIAEC) has entered into an agreement with Pratt and Whitney (P&W) to exit from the PW1500G engine risk-revenue sharing programme (RRSP) that was held through its wholly-owned subsidiary, NexGen Network (2) Holding (NGN2). This programme was previously known as the CSeries aircraft engine programme. NGN2 invested in the RRSP in 2010 and

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Honeywell will initiate a voluntary tender offer to acquire all outstanding shares of Civitanavi for a purchase price of €6.30 per share in cash © Civitanavi

Honeywell announces intention to acquire Civitanavi Systems

Honeywell will initiate a voluntary tender offer to acquire all outstanding shares of Civitanavi Systems S.p.A., for a purchase price of €6.30 (£4.60) per share in cash (an equity value of approximately €200 million (£171 million) at closing). The acquisition will further strengthen Honeywell’s capabilities to help its customers create autonomous operations in aircraft and

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STS Aviation Group

STS Aviation Services opens new line maintenance stations in the UK

STS Aviation Group has announced the expansion of STS Aviation Services UK, with the opening of two new line maintenance stations at East Midlands (EMA) and Norwich (NWI) airports in the United Kingdom, effective April 1, 2024. This strategic expansion is set to enhance service capabilities in the region, with Air Explore as the primary customer at the

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© Lufthansa and the trade union Ver.di resolved the ongoing pay dispute

Lufthansa and Ver.di resolve pay dispute after successful mediation

Following successful mediation, Lufthansa and the trade union Ver.di have reached an agreement on the main features of a collective labour agreement for approximately 25,000 Lufthansa employees, announced in Frankfurt. Details of the agreement to be disclosed this Thursday, March 28, 2024. Ver.di chief negotiator Marvin Reschinsky expressed satisfaction with the arbitration outcome, while Lufthansa’s

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Condor Boeing 757-300 aircraft © AirTeamImages

Crestone Air Partners acquires eleven Boeing 757-300 aircraft

Crestone Air Partners, an aviation asset management platform supported by Air T, has successfully acquired eleven Boeing 757-300 aircraft. This milestone transaction not only signifies substantial growth for Crestone but also underscores its capability to execute large-scale deals in niche aviation assets. All 11 aircraft were procured under existing lease agreements with Condor Airlines, a

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SAS

SAS AB initiates company reorganisation process in Sweden

SAS AB has officially applied for company reorganisation (Sw. företagsrekonstruktion) in Sweden today, March 27, 2024. The commencement of this process is contingent upon approval from the Stockholm District Court. It’s important to note that this application pertains solely to the listed parent company of the SAS Group, SAS AB, and does not extend to

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© Brussels Airlines

Brussels Airlines reaches agreement with cockpit unions on reward package

Brussels Airlines has successfully concluded negotiations with cockpit unions regarding their reward package, with the agreement formally signed on March 24, 2024. The specifics of the agreement will be communicated to the cockpit community in the forthcoming days. This agreement, mindful of the carrier’s current financial situation, primarily aims to enhance gross salaries. During the

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IFS Cloud has been selected by Joby Aviation to shape the future of eVTOL aircraft

Joby Aviation chooses IFS Cloud for aviation maintenance platform

Joby Aviation, the manufacturer of eVTOL aircraft for commercial air taxi services, has selected the IFS Cloud for Aviation Maintenance solution for its pioneering eVTOL aircraft maintenance processes. Joby continues to lead the way on the development of eVTOL aircraft, launching production in June 2023 and recently completing a series of piloted test flights, including

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Over two-million gallons of blended SAF will be supplied into the fuelling system at Schiphol Airport over the course of 2024 © Emirates

Emirates adds SAF on flights from Amsterdam Schiphol Airport

Emirates has commenced the activation of its fuel agreement with Neste this month at Amsterdam Schiphol Airport. Over two-million gallons of blended sustainable aviation fuel (SAF) will be supplied into the fuelling system at Schiphol Airport over the course of 2024. The airline will track the delivery of SAF into the fuelling systems and environmental

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Fuji Dream Airlines orders two E175s to all Embraer fleet

Embraer has signed signed a contract with Japan’s FujiDream Airlines (FDA) for a firm order of two E175 jets.The order has a value of USD …

Aircraft & Engines

Hi Fly adds three A319-100s to fleet

Specialized wet lease airline Hi Fly, has added three new Airbus A319-100s to its fleet. The aircraft, which were delivered to Hi Fly in May …

Aircraft & Engines

Qatar Airways signs commitment for five 777 Freighters

Qatar Airways has signed a commitment to purchase five additional 777 Freighters from Boeing. The deal, valued at US$1.8 billion at list prices, was unveiled …

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