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ASX launching SeedInvest capital raise campaign for full-scale eVTOL development, testing, and certification

Airspace Experience Technologies (ASX), an aviation technology start-up, is re-imagining personal air transportation with the mission to offer urban commuters a cleaner, faster and affordable transportation alternative in support of Uber Technologies Urban Air Mobility program, UberAi...

Get ready for 7th Maximising Non-Aeronautical Revenue Summit

Leading 7th Maximising Non-Aeronautical Revenue Summit takes place This June 2019 in Singapore! With an average of 44% of global airports’ revenues deriving from the non-aeronautical sector and its increasing profitability, airports regardless of size have attempted to increa...

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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 US market, Scottsdale Jet Center allows Jet Aviation to continue its strategy of supporting custome...

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 profit grew by 7 % to € 187.6 million (1-3/2018: € 175.1 million), resulting in an adjus...

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...

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Top of the week

ASX launching SeedInvest capital raise campaign for full-scale eVTOL development, testing, and certification

Airspace Experience Technologies (ASX), an aviation technology start-up, is re-imagining personal air transportation with the mission to offer urban commuters a cleaner, faster and affordabl...

Get ready for 7th Maximising Non-Aeronautical Revenue Summit

Leading 7th Maximising Non-Aeronautical Revenue Summit takes place This June 2019 in Singapore! With an average of 44% of global airports’ revenues deriving from the non-aerona...

An exceptionally successful 2018 of Pilatus Aircraft

Every business has to check up financial results in order to see how all strategic thinking is working for the best of company's profit.  This time, is the resume of year 2018 from Pilatus...

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...

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  inc...

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, whil...

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”...