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Cathay Pacific acquired Hong Kong Express Airways

Cathay Pacific acquired of Hong Kong Express Airways, which is now its wholly owned subsidiary. However, HK Express will remain a stand-alone low-cost carrier to serve a niche value market segment Cathay Pacific Chief Executive Officer and HK Express Chairman Rupert Hogg said: &ldq...

FACC increases sales, earnings below prior-year quarter

FACC AG started 2019 with a slight increase in revenues, but a decline in profits. Compared to the previous year, Group revenues increased moderately by 2.2 % to EUR 193.7 million in the first quarter. However, reported earnings before interest and taxes (EBIT) amounted to EUR 7.4 million and were t...

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Dassault Aviation acquired business aviation activities of RUAG in Geneva and Lugano

Business aviation professionals are quite ready for big announcements during TOP important industry events. At the moment we've been true the wave of important news during EBACE, but NBAA convention is still some month ahead. However, here one more very important announcement - Dassault Aviation and RUAG announced the acquisition by Dassault Aviation of the maintenance and FBO activi...

To Fill Market Gap, Cougar Acquires Advanced Technology Aircraft

The aviation training market has exploded with airline demand and it is forecast that training over 800,000 pilots worldwide will generate a need for thousands of new planes.That adds up to potential sales of over $7 Billion USD. Market demand to produce new training planes has increased so much the one major light plane maker has revealed a 700 plane backorder and $350 million in annual...

Sparfell Aviation Group acquires LaudaMotion Executive

An important acquisition in business aviation world -Swiss-based Sparfell Aviation Group acquires LaudaMotion Executive! From now Sparfell Aviation Group is now able to provide a one-stop solution for every need in private aviation. Headquartered in Vienna, LaudaMotion Executive holds an Austrian air operator’s certificate (AOC) and operates a fleet of 13 business jets primaril...

ATR 72-600 is selected by TAROM to renew its regional fleet

TAROM,  the Romanian national air carrier, has to renew its regional fleet, to provide increased seat capacity, to low operating costs and improve environmental performance. The choice of partners for this operation was quite obvious - ATR the market leader of regional aicraft and NAC, as number one regional aircraft lessor. So TAROM will introduce nine new ATR 72-600 aircra...

A landmark Nordic Aviation Capital order for 100+ ATR -600s

Nordic Aviation Capital (NAC) and ATR have signed a Letter of Intent for 35 firm ATR -600s, with options for a further 35 and purchase rights for another 35. The total value of the agreement amounts to over 2 billion dollars. Deliveries of the initial 35 aircraft will begin in 2020 and run up to 2025. This new deal cements a very successful and longstanding collaboration between NAC and AT...

Rostec to finance civil aviation projects with over $600 million

Novikombank, part of Russia’s State Corporation Rostec, concluded a number of agreements during the XXIII St. Petersburg International Economic Forum (SPIEF-2019) to finance the holdings of the Corporation's aviation cluster, namely United Engine Corporation (UEC) and Russian Helicopters. Among key target projects were the modern PD-14 and VK-2500 aircraft engines and a number...

A high-tech composite facility in Croatia by FACC

An important step in globalization of FACC, an investment of 30 million euros and as the result - a new production facility in Croatia.  Production in Croatia to begin in 2021! The plans for the set-up of the new facility were announced today in the presence of Andrej Plenkovic, Prime Minister of the Republic of Croatia and Darko Horvat, Minister of Economy, Entrepreneurship and...

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 Aircraft. As the company says, 2018 was an exceptionally successful, but also a challenging one. At around 1.1 billion Swiss francs, sales revenue was brought back to the billion mark again....

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, UberAir. From its headquarters at the historic Detroit City Airport, the ASX team is developing an elec...

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 increase their revenue generation through non-aeronautical activities. However, with the impacts of econom...

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...

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Essential news

Final Approval to Form American Airlines and Qantas Joint Business is Received

American Airlines welcomes the U.S. Department of Transportation’s final approval of a joint business agreement with Qantas. American and Qantas now have the opportunity to jointly offer more pr...

Top of the week

Final Approval to Form American Airlines and Qantas Joint Business is Received

American Airlines welcomes the U.S. Department of Transportation’s final approval of a joint business agreement with Qantas. American and Qantas now have the opportunity to jointly offer more pr...

Cathay Pacific acquired Hong Kong Express Airways

Cathay Pacific acquired of Hong Kong Express Airways, which is now its wholly owned subsidiary. However, HK Express will remain a stand-alone low-cost carrier to serve a niche value mar...