The value of new aircraft deliveries is expected to rise by over 15% to c.US$100 billion in 2024, according to a paper published today by Avolon, a leading global aviation finance company. The delivery of over 1,450 new large commercial aircraft will help drive airlines’ passenger revenues up 12% to US$717 billion. Airlines’ net profit is projected to rise by 10% to US$26 billion. ...
Students in West Los Angeles College’s aviation maintenance technician program have new tools in their toolboxes — more than 450 to be exact. Thanks to a new partnership with American Airlines, students now have direct access to the airline’s Los Angeles-based aviation maintenance technicians (AMTs) through ongoing engagement opportunities and guaranteed interviews for top-perfor...
Hundreds of Emirates Group employees descended on the Dubai desert this week to successfully set a new Guinness World Records title for the Most nationalities in a yoga lesson. The event, designed to kick-start the new year with a unique wellness initiative, saw participants from 144 different nationalities take on the challenge at sunset. The initiative showcased the rich diversity with...
flyExclusive announced the execution of a two-year revolving credit facility for up to $25.8 million with ETG FE LLC, an investment vehicle managed by EnTrust Global. As part of its strategic initiatives to accelerate operational excellence, grow the business, and execute its strategic plan to become the nation’s first fully vertically integrated private aviation company, flyExclus...
Airbus Helicopters is partnering with the Tata Group to establish a Final Assembly for helicopters in the country. The FAL will produce Airbus’ best-selling H125 helicopter from its civil range for India and export to some of the neighbouring countries. The FAL will be the first instance of the private sector setting up a helicopter manufacturing facility in India, provid...
Akasa Air and CFM International announced an agreement to purchase CFM LEAP-1B engines to power 150 Boeing 737 MAX airplanes, the sale of which was announced last week. The agreement also includes spare engines and a services contract. The Mumbai-based operator launched its operations in August 2022 and had previously ordered a total of 76 LEAP-1B- powered 737-8 aircraft, of which 22 are curr...
With Berlin Brandenburg Airport, BARIG welcomes another airport in its partner portfolio. In this context, the association of airlines operating in Germany is intensifying the exchange with relevant system partners from a wide range of aviation sectors to jointly meet the manifold challenges of the industry. As airport for the German capital region, Berlin Brandenburg Airport registered...
Azorra celebrated delivery of first two Embraer E195-E2 aircraft to Royal Jordanian Airlines. A ceremony at Embraer’s facility in São José dos Campos on Monday was followed today by an arrival celebration in Amman, Jordan, hosted by Royal Jordanian Airlines. The full agreement, announced in May 2023, is for eight aircraft in total – six aircraft from Azorra&rsqu...
Bombardier unveiled first of many academic collaborations on its trailblazing pan-Canadian and sustainability-focused EcoJet Research Project. Bombardier’s long-standing partnership with the University of Victoria Centre for Aerospace Research and British Columbia SME Quaternion Aerospace was announced in a press conference hosted by the University. The three organizations presented how...
Lufthansa Group has selected Viasat to equip more than 150 additional aircraft – across its Lufthansa, SWISS, and Austrian Airlines fleets – with the European Aviation Network in-flight connectivity solution. EAN combines S-band satellite coverage provided by Viasat with a complementary ground component network operated by long-standing Viasat and Lufthansa Group partner, Deu...
Overair announced new strategic collaboration with Clay Lacy Aviation to establish emission-free, ultra-quiet electric aviation operations throughout the Southern California region. Companies will develop together a concept of operations for Overair Butterfly eVTOL aircraft, which begins testing in early 2024 following the completion of first full-scale prototype last year, as well...
easyJet ordered CFM LEAP-1A engines to power a fleet of 157 Airbus A320neo family aircraft, including 56 A320neo and 101 A321neo, which will be delivered from 2029, along with spare engines and a multi-year services agreement. The aircraft order was announced in December 2023. This order strengthens a successful partnership of more than 25 years between the two companies. easyJet current...
