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Thorsten Dirks joins Lufthansa’s Executive Board

Thorsten Dirks joins Lufthansa’s Executive Board

The Supervisory Board of Deutsche Lufthansa has appointed Thorsten Dirks to the Executive Board of the Lufthansa Group. Thorsten Dirks will be taking over the responsibility for the Eurowings Group and the Aviation Services segment on 1 May 2017. He

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IATA: October Air Freight Demand Up 8.2%

IATA: October Air Freight Demand Up 8.2%

The International Air Transport Association (IATA) released data for global air freight markets in October 2016 showing that demand, measured in freight tonne kilometers (FTKs), rose 8.2% year-on-year in October. This was the fastest pace of growth seen in 18

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IATA: Air Cargo Connectivity Enhances Global Trade Participation

IATA: Air Cargo Connectivity Enhances Global Trade Participation

The International Air Transport Association (IATA) released a study identifying a quantitative link between a country’s air cargo connectivity and its participation in global trade. A 1% increase in air cargo connectivity was associated with a 6.3% increase in a

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Landing gear support for Air India’s Boeing 777-200/300 fleet

Landing gear support for Air India’s Boeing 777-200/300 fleet

Air India and Lufthansa Technik have entered into an agreement for the maintenance and repair of the carrier’s Boeing 777-200/300 landing gears. The four-year contract covers a total of 15 shipsets. The maintenance and overhaul work will be performed by

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NAC sells one Embraer E190 to BeauTech Power Systems

NAC sells one Embraer E190 to BeauTech Power Systems

Nordic Aviation Capital (NAC) has sold one Embraer E190, MSN 19000018, to BeauTech Power Systems. This is the third aircraft to be delivered by NAC to BeauTech Power Systems this year.

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Nord/LB and FPG Amentum enter into Cooperation

Nord/LB and FPG Amentum enter into Cooperation

FPG Amentum and Norddeutsche Landesbank Girozentrale (NORD/LB) are entering into commercial cooperation with FPG Amentum providing asset management to NORD/LB and the two parties developing joint industry research. To strengthen the cooperation NORD/LB is acquiring a minority stake in FPG

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Thomas Cook closes upsized €500m offering

Thomas Cook closes upsized €500m offering

Thomas Cook upsized its offering of unsecured notes due June 2022 at 6.25–6.5% to €500 million from €300 million at launch. Joint global coordinators and physical bookrunners are Bank of America Merrill Lynch (B&D), DNB, and Lloyds. Bookrunners are Société

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Air Malta to operate double daily flights to Munich, Rome and Catania next summer

Air Malta to operate double daily flights to Munich, Rome and Catania next summer

Air Malta is planning to operate 150 weekly flights to 29 destinations next summer. With this schedule, running from the 26th March till 28 October 2017, the Maltese airline is planning to carry 1.2 million passengers while continue operating with

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IATA: Another Strong Year for Airline Profits in 2017

IATA: Another Strong Year for Airline Profits in 2017

The International Air Transport Association (IATA) has announced that it expects the global airline industry to make a net profit in 2017 of $29.8 billion. On forecast total revenues of $736 billion, that represents a 4.1% net profit margin. This

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Delta returns to Cuba after 55-year hiatus

Delta returns to Cuba after 55-year hiatus

Delta has begun regularly scheduled passenger service with nonstop daily flights from the U.S. to Cuba. Flights will depart from Miami, New York-JFK and Atlanta to Havana as the airline makes its return to the Cuban capital for the first

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