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 visitin...
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...
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...
− 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 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...
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...
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...
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 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 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...
Gogo Inc. announced it has entered into a definitive agreement to sell its Commercial Aviation business to Intelsat S.A. for $400 million in cash, subject to customary adjustments. The Gogo Board of Directors has approved the transaction. Intelsat expects to finance the transaction utilizing cash on hand and borrowings under its $1 billion debtor-in-possession cr...
As a result of the Coronavirus crisis, revenue and the number of passengers carried by the Latvian airline airBaltic has significantly decreased, and according to airBaltic's unaudited consolidated financial results for the first six months of 2020, the group suffered loss of EUR 184.8 million. Martin Gauss, Chief Executive Officer of airBaltic: “W...
TAG Aviation Holding announced the sale of TAG Aviation SA and the company’s 51% share of TAG Aviation Asia to its joint venture partner in Asia, Young Brothers Aviation Ltd. and another private investor. The sale of the two charter/management businesses follows the recent divestiture of TAG Farnborough Airport and TAG’s various maintenance and FBO businesses earlier this year.&n...
Latvian airline airBaltic and Airbus have signed an agreement on a revised Airbus A220-300 delivery schedule for the remaining 28 jets airBaltic has on order. It will complete the firm order of 50 Airbus A220-300 jets by early 2024. Martin Gaussnd Airbus, CEO of airBaltic: “The recent crisis enabled us to push forward our decision to...
20/10/2026 - 22/10/2026
United States, Las Vegas
18/11/2026 - 20/11/2026
Bahrain, Sakhir
Rising production rates and the launch of new aircraft programs are driving increased demand for manufacturing capacity across the aerospace industry. To support this growth, FACC plans to i...
