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Jet Aviation to open New FBO in Scottsdale Airport by late 2020

Stakes of Scottsdale Jet Center were acquired by Jet Aviation. The intent is quite simple  - to build and operate new Jet Aviation FBO and the hangar by late 2020. The new facility is meant to complement existing facilities at Scottsdale Airport.​ With an expanding footprint in the...

Profitable growth of MTU Aero Engines in the first quarter of 2019

MTU Aero Engines reported increased revenues and earnings as well as that business prospects remain positive. In the first quarter of 2019, MTU Aero Engines AG saw its revenues  increase by 11 % from € 1,016.4 million to € 1,131.2 million. The group’s operating pro...


Norwegian first quarter results - increased revenues and reduced costs

Norwegian reported its first quarter results. The quarter was characterized by reduced costs, increased revenue and significantly improved on-time performance. The net loss was NOK 1,489 million, while the company’s unit cost excluding fuel decreased by 8 per cent during the same period. The total revenue was NOK 8 billion, up 14 per cent. Norwegian’s key priority is returning to pr...

CDB Aviation Closes $525 Million Unsecured Credit Facility

Company’s First Unsecured Syndicated Term Loan Facility  CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced the closing of a $525 million unsecured credit facility, which marks the company’s first such syndicated transaction.  “This inaugural credit facility is an important...

Biz Jet Markets Are Giving Back 2018 Price Increases

The used business jet market is in flux as a result of political uncertainties, increased availability of good pre-owned inventory, and limited access to pre-buy inspection facilities due to a higher demand for ADS-B conversions and retrofits, said Mente Group President and CEO Brian Proctor. "As a result, we are beginning to see decreasing market values in what were relatively strong sect...

All Airbus AGM resolutions approved, Guillaume Faury is the new CEO

All resolutions passed by Airbus SE shareholders at its 2019 Annual General Meeting. Guillaume Faury appointed as an Executive Member of the Board of Directors for three years. At a Board Meeting immediately following the AGM, Guillaume Faury was formally appointed Airbus Chief Executive Officer (CEO), replacing outgoing CEO Tom Enders whose Board Mandate expired at the...

WAI Endowment Fund Will Increase Scholarships & Youth Outreach Programs

A generous $50,000 gift from The Boeing Company, in addition to several donations from individual WAI members, during the recent 30th Annual International Women in Aviation Conference in Long Beach, California, has helped the organization to reach its goal of $1 million in its Endowment Fund. The fund enables WAI to expand the 2020 scholarship program, which will be available online July 1, 201...

First of Two Wamos Air A330-200s delivered by CDB Aviation

The delivery of the first of two Airbus A330-200 aircraft to Spain’s third-leading, long-haul airline Wamos Air was announced by CDB Aviation.  The second aircraft is slated for delivery in June 2019. “We look forward to our collaboration with our new European customer Wamos Air in expanding their fleet to meet the growing demand for wet lease operations,” said CDB A...

MTU Maintenance excels in healthy engine aftermarket

 MTU Maintenance once again broke records in 2018. The MRO division of MTU Aero Engines AG secured around 4.4 billion US dollars in MRO contract wins, surpassing the 4 billion mark for the first time in its history. Over 300 contracts were signed in 2018, of which 46 were with new engine MRO customers.  “We are delighted with MTU Maintenance’s performance in 2018,” s...

AirMap And Honeywell Develop Cost-Effective Tracking Solution For Drones

The development of a cost-effective drone tracking solution is announced by AirMap and Honeywell, to provide airspace safety authorities with situational awareness of manned and unmanned aircraft operations within an airspace system Together, the companies will develop a cost-effective hardware device to allow for unmanned aerial systems (UAS), or drones, to maintain consistent communicati...

Ryanair Board Passes Resolutions To Protect The Company's EU Airline Licences Post-Brexit

Ryanair Holdings PLC (the "Company") must take steps to ensure that, in the event of a no-deal or "hard" Brexit, the Company (and therefore its subsidiary EU airlines) will remain majority EU owned and controlled. This is necessary to ensure continued compliance with the airline ownership and control requirements of EU Regulation 1008/2008. The Board of Ryanair Holdings PLC...

Azul Signs Non-Binding Agreement to Acquire Selected Assets of Avianca Brasil

Azul announces today that it has signed a non-binding agreement with Avianca Brasil to acquire certain assets of Avianca Brasil for the indicative purchase price of up to US$ 105 million. As provided by the Brazilian Bankruptcy and Judicial Reorganization Law, the assets will be transferred to a new entity free and clear of all debts and liabilities ("NewCo"). The proposed NewCo sol...

New $352 million Maintenance Complex Deepens United Airlines' Commitment to Los Angeles

More than 800 jobs will be created as United Airlines broke ground on a new $352 million Technical Operations Facility and recently completed nearly $600 million in renovations to its terminal at LAX This state-of-the-art Technical Operations Center (TOC) at Los Angeles International Airport (LAX) will enable the airline to provide exceptional service for all of its aircraft flee...

Boeing Signs Deal for Up to 42 777X Airplanes with International Airlines Group

Boeing and International Airlines Group, the parent company of British Airways, announced the airline has committed to purchasing up to 42 777X airplanes, including 18 orders and 24 options. The airline joins a group of leading carriers that have selected the new 777-9, which will debut next month as the largest and most efficient twin-engine passenger jet in the world. The commitment, valued a...

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Top of the week

Rotortrade reaches 30 Super Puma transactions worldwide

Rotortrade reached another major milestone with the successful completion of its 30th Super Puma transaction over the past decade, further strengthening its leadership in the global pre-owned heavy he...

Samson Sky secures $80 million to launch switchblade flying car production

Samson Sky, developer of the Switchblade Flying Car, announced it has secured an $80 million investment from Dubai‑based Matin Group. According to Sam Bousfield, CEO, Founder...

MTU Maintenance Lease Services invests in TRecs to digitalise engine transition management

MTU Maintenance Lease Services, the engine leasing and asset management arm of MTU Maintenance, announced a strategic minority investment in TRecs . TRecs is a platform digitalising Open Ite...

WingsLeasing signs dry lease agreement with University of Nebraska-Kearney flight school

WingsLeasing announced the signing of a dry lease agreement of seven Tecnam P-MENTOR aircraft for the University of Nebraska-Kearney flight training program, marking a significant step forward in resh...

TrueNoord places firm order for 20 Embraer E195-E2 aircraft and secures purchase rights for up to 30 additional jets

TrueNoord has signed a firm order agreement with Embraer to acquire twenty factory-new E195-E2 aircraft. The agreement also includes purchase rights for up to twenty additional new E195-E2 aircra...

Vertical Aerospace insiders increase their shareholding in EVTL by 50% in November

16 members of Vertical Aerospace Board of Directors and senior leadership team completed open-market purchases of the Company’s ordinary shares over a two-week open trading window period in Nove...

Eve Air Mobility and InvestSP hold summit to accelerate regulation and infrastructure for eVTOL flights in Brazil

Eve Air Mobility in partnership with InvestSP, held a strategic meeting in São Paulo that brought together authorities, representatives from regulatory, environmental and safety agencies,...