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All Airbus AGM resolutions approved, Guillaume Faury is the new CEO

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...

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...

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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...

New $352 million Maintenance Complex Deepens United Airlines' Commitment to Los Angeles

More than 800 jobs will be created as United Airlines broke ground on a new $352 million Technical Operations Facility and recently completed nearly $600 million in renovations to its terminal at LAX This state-of-the-art Technical Operations Center (TOC) at Los Angeles International Airport (LAX) will enable the airline to provide exceptional service for all of its aircraft flee...

Boeing Signs Deal for Up to 42 777X Airplanes with International Airlines Group

Boeing and International Airlines Group, the parent company of British Airways, announced the airline has committed to purchasing up to 42 777X airplanes, including 18 orders and 24 options. The airline joins a group of leading carriers that have selected the new 777-9, which will debut next month as the largest and most efficient twin-engine passenger jet in the world. The commitment, valued a...

Dassault Aviation signed an agreement on the acquisition of the European MRO activities of the TAG Aviation Group

Dassault Aviation and TAG Aviation announced the acquisition of the European maintenance activities of TAG Aviation Group by Dassault. The integration of those activities will take place over the next few months, once all necessary authorizations have been received.  “The acquisition of the maintenance activities of TAG AVIATION, a major MRO provider, will allow Dassault Aviation...

Welcome a newcomer Nasdaq Baltic First North bond market - Magnetic MRO

Baltic States investors, means 70 investors from Estonia, Latvia and Lithuania were subscribed for bonds of Magnetic MRO! As Magnetic MRO carried through a private placement of unsecured bonds and raised EUR 8 million to support the company’s growth plans, including financing a strategic acquisition. The nominal value of one bond is 100 euros, the coupon rate is 8% per annum and paid...

$22 Million Investment into Two Major Aerospace Research Projects in Québec

An investment of a total of approximately $22 million CAD over a three-year period announced by Bormardier. The company will invest into two major aerospace research projects: Aéro21 and the third phase of the SA²GE project. Both projects will bring together large aerospace companies, SMEs, as well as local universities and research centres. “Through this strong allia...

Heligo receives its first Airbus H145 helicopter from Milestone Aviation

Heligo Charters Private Limited (HCPL), a Mumbai-based non-scheduled helicopter operator has taken delivery of its first H145 helicopter. The helicopter’s configuration will allow it to perform a variety of missions. The aircraft taken on lease from Milestone will start operations soon in the state of Jharkhand. “We take immense pride in the fact that Heligo has placed its trust...

Major KF Aerospace Facility Expansion at YHM

KF Aerospace is excited to announce a $30-million expansion of its aircraft maintenance, repair and overhaul facility at YHM. Adding 150,000 sq. feet and over 275 new jobs, the project will drive new growth for Hamilton, the Airport and surrounding region. The centerpiece of the project is a new 75,000 sq. foot hangar, introducing wide-body aircraft capability and additional lines of maintenanc...

€25 million investment in the future of Airbus aerospace site in Ottobrunn/Taufkirchen

Airbus is expanding its aerospace activities at its site in Ottobrunn/Taufkirchen, near Munich. It has reached two new milestones, with Bavarian Minister-President Markus Söder and Dirk Hoke, CEO of Airbus Defence and Space, giving the green light for the modernisation of solar array production for satellites, and for the commissioning of expanded clean rooms for optical satellite instruments...

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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, C...

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...

U.S. Challenges China's Tax Exemptions for Aircraft at WTO

The United States on Tuesday launched a challenge to Chinese tax exemptions for locally produced aircraft, saying they discriminated against imported planes. The request for consultations with Chin...

Moody’s downgrades France’s govt. bond ratings to Aa2

Moody’s on Friday downgraded France's government bond ratings by one notch to Aa2 from Aa1; the outlook on the ratings is stable, the international ratings agency said in a statement. Moo...

AEGEAN: First Half 2015 Financial Results

AEGEAN announces first half 2015 results with consolidated revenue at €403.6m, 4% higher versus 2014. Total number of passengers carried rose by 15% to 5m as the company invested in new flee...

Airlines rake in $5.5 billion, most profitable quarter since 2007

Lower fuel costs and steady travel demand continue to boost the nation's airlines, which enjoyed the most profita blequarter since 2007. Commercial airlines reported net income of $5.5 bil...

AVIC Aircraft Forecasts 116-140 Million Yuan Loss for First Three Quarters

AVIC Aircraft Company Limited expects to suffer a loss of up to 61.67 million yuan in the third quarter, compared with the net profit of 123.34 million yuan in the same period last year, the Chin...