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CAE to acquire TRU Simulation + Training Canada Inc

CDB Aviation brings next generation A330 P2F Freighter to market

CDB Aviation entered a new partnership with Germany-based EFW GmbH to conduct the Passenger-to-Freighter conversion of two Airbus A330-300 aircraft in 2021, which will be available for lease to airline customers from early 2022. The A330-300 P2F conversion program marks CDB Aviat...

Financial sustainability & Major Disruption - MACE 2020

Even during corona caused crisis, aviation professionals are doing everything possible in order to meet each other, to discuss the actual state of industry as well as measures and solutions in order to relaunch it soonest possible. As you understand, at this point meetings are quite virtual, online....

Bizav success story - Jung Sky Q3 most successful quarter yet & expansion plans

During July, August and September 2020, Zagreb-based business aviation operator Jung Sky achieved the most successful quarter in company history, overthrowing the previous record-holding quarter by 11.5% in revenue and 21% in passenger flights. Jung Sky will enter its 12th year in the business later this November. During Q3, Jung Sky crews performed flights to a total of 115 airport...

Norwegian third quarter results heavily impacted by COVID-19

Norwegian reported its third-quarter 2020 results. As anticipated, these were heavily impacted by the COVID-19 pandemic with a net loss of NOK 980 million. Norwegian carried approximately one million customers, a decrease of 91 percent compared to the same period last year showing a slight improvement on the previous Q2 decrease of 99 percent. Norwegian continued to successfully convert debt and i...

flypop Announces Investment from the UK Government Future Fund

flypop announces a significant investment from the UK Government’s Future Fund. flypop, the UK’s only international long-haul low-cost airline, plans to launch in 2021 with scheduled flights to India. It will cater not only to the UK’s Indian/South Asian diaspora (and their visiting friends and relatives) but will also serve those keen to explore the Indian sub-continent and regi...

Norwegian is very disappointed about lack of government support

The government of Norway announced that Norwegian will not receive further financial support, which Norwegian had clearly communicated was necessary to maintain operations throughout the Covid-19 crisis. The company is now facing a very uncertain future, but we will do everything in our power to get through this crisis and to continue doing what Norwegian has been doing for almost 20 years: Ensuri...

Engage in the Development of RIX Cargo City - Riga Airport calls on investors

Continuing the development of the air cargo segment, Riga Airport has announced an international tender to attract an investor for the construction of a new multi-functional cargo handling and logistics complex in the Airport territory. To create the complex, the Airport offers investors an opportunity to acquire building rights for 30 years to a plot of land in an area of 1.5 hectares in the...

Lufthansa Group reports Adjusted EBIT of minus EUR 1.3 billion in the third quarter

−   Liquidity of EUR 10.1 billion available, of which EUR 6.3 billion are unutilized stabilization measures  −   Ongoing strong performance at Lufthansa Cargo further supports Group  liquidity −   Hub strategy enables cash-positive flight operations, even in the current market environment     &mi...

Global Jet Capital completes securitization, raising $522M

Global Jet Capital announced the closing of its BJETS 2020-1 securitization, raising approximately $522 million. BJETS 2020-1 is Global Jet Capital’s fourth ABS offering, bringing total assets securitized to over $2.8 billion and bonds issued to over $2.3 billion.  The BJETS 2020-1 offering contained three tranches of notes: a $426.4 million Class A tranche, a $63.6 milli...

Airbus reports Nine-Month 2020 results

Global air travel recovery slower than anticipated  Cash containment and business adaptation on track 9m revenues € 30.2 billion; 9m EBIT Adjusted € -0.1 billion 9m EBIT (reported) € -2.2 billion; 9m loss per share (reported) € -3.43 Restructuring provision of € -1.2 billion recognised in EBIT (reported) 9m free cash flow before M&A and customer finan...

MTU Aero Engines AG presents its nine-month figures and a more precise forecast

In the first nine months 2020, MTU Aero Engines AG generated revenue of €2,956.6 million (1-9/2019 €3,403.7 million). The operating profit was €310.8 million, compared with €557.7 million in the prior-year period. The EBIT margin was 10.5% (1-9/2019: 16.4%). In line with adjusted EBIT, adjusted net income dropped from €391.7 million to &e...

The first leasing customer for multi-mission H160 - Milestone

Milestone Aviation and Airbus Helicopters have agreed to include six H160s in Milestone’s orderbook. The helicopters will be destined for a range of missions including offshore transportation and emergency medical services, the first of which is set to deliver in 2023.  “Today’s announcement will see us enhance our orderbook to include the H160 which we believe will be an...

Vertical Aerospace secures ATI funding for £2.3 million smart charger development project

Vertical Aerospace has received investment from the Aerospace Technology Institute (ATI) to fund the development of a smart charger for their electric aircraft. The charger will increase Vertical’s in-flight performance and safety for their recently unveiled passenger model, VA-1X.  This two-year project, expected to be completed by October 2022, pioneers a new wave of avia...

Embraer adjusts its structure in response to the impacts of COVID-19 and the cancellation of the partnership with Boeing

Embraer announced a 4,5% adjustment to its global workforce, which corresponds to approximately 900 employees in Brazil. The measure stems from the impacts caused by the COVID-19 pandemic on the global economy and the cancellation of the company’s partnership with Boeing. The objective is to ensure Embraer's sustainability and engineering capacity. The pandemic particularly affec...

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Essential news

AerCap orders 100 additional Airbus A320neo family aircraft

AerCap has signed a firm order with  Airbus for 23 A320neo and 77 A321neo aircraft. This transaction underscores AirCap’s strategy of investing in the world's most in-demand, fuel-effic...

iOS Apps development in Riga, Latvia

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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...

Emirates breaks ground on US$ 5.1 billion ultra-modern engineering facility at Dubai South

Emirates has broken ground on its new US$ 5.1 billion engineering complex at Dubai South slated to become the world’s most modern and advanced MRO facility, cementing Emirates' and Duba...

AURA AERO scales up: Series B completed, first firm orders, and two industrial sites to be built in France and the U.S.

AURA AERO is entering a new phase. Thanks to a new €50 million funding round, grants secured in France and Europe, and financial support from the State of Florida for its U.S. plant, AURA AERO ha...

AerCap orders 100 additional Airbus A320neo family aircraft

AerCap has signed a firm order with  Airbus for 23 A320neo and 77 A321neo aircraft. This transaction underscores AirCap’s strategy of investing in the world's most in-demand, fuel-effic...

Aviation Capital Group orders 50 Boeing 737 MAX aircraft

Boeing and Aviation Capital Group LLC announced the airplane lessor has placed a new order for 50 737 MAX jets, including 25 737-8 and 25 737-10 airplanes. The acquisition of 50 additional jets i...

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...