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Rostec to finance civil aviation projects with over $600 million

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, Pr...

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 on...

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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, 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...

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...

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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 holdin...

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 p...

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...

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...

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...

Boeing profit rises 25% as it delivers more jets

Aircraft maker Boeing has reported a 25% rise in quarterly profit, helped by an increase in deliveries of commercial aircraft. The world's largest maker of passenger jets earned $1.70bn (&...

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...