GE Aerospace records a strong third quarter
GE Aerospace has reported strong third-quarter results on October 22, 2024, with the company raising its full-year guidance following strong revenue growth and a rise in orders. The engine supplier re...
American Airlines took on additional debt during the pandemic, with its debt level peaking at over $54bn in mid-2021 (inclusive of debt, lease liabili...
Riyadh Air is slowly revealing its operating model to the world. At the Dubai Airshow in November, the airline introduced its second aircraft livery...
The exceptional individuals of the Airline Economics 40 under 40 Class of 2023 have been chosen from among the brightest talents in the aviation indus...
Amidst recovering passenger traffic, increasing capacity and networks, recruitment drives and a promises for cleaner, greener and a more sustainable a...
GE Aerospace has reported strong third-quarter results on October 22, 2024, with the company raising its full-year guidance following strong revenue growth and a rise in orders. The engine supplier re...
RTX reported a net income of $1.5bn in the third quarter of 2024, swinging from last year's third quarter loss of $984 million. The company recorded $20.1bn in sales, up 49% from the same period last ...
Alaska Air Group expects third quarter 2024 results to be on “the better end of a previously guided EPS range," it said in a stock filing on October 21, 2024. The company said it expects to “report th...
As the machinist strike at Boeing pushes beyond a month, the US-based OEM has made its third offer: a 35% general wage increase over the four-year contract. The striking workers’ representative IAM Un...
Aircraft Engine Lease Finance (AELF) has leased one 737-800 to South African operator FlySafair.The aircraft is one of several acquired by AELF recently -- as it continues to add newer model 737-800s ...
Azorra has closed an offering of $550 million of senior unsecured notes and entered into a $464 million Term Loan B facility.The lessor issued $550 million 7.750% senior unsecured notes due 2030. The ...
Alternative asset manager Wafra has acquired Aquilia Air Capital from Warburg Pincus. As part of the acquisition, Wafra will acquire a controlling interest in Aquila and provide substantial capital to...
Commercial passenger lessor Avation has agreed a further lease term extension on an A320-200 aircraft operated by easyJet.The lessor - which leases to airlines across the world – has customers includi...
Calumet subsidiary Montana Renewables has been awarded a conditional commitment for a loan guarantee of up to $1.44bn from the US Department of Energy (DOE). The funding will be used for the construct...
GE Aerospace has reported strong third-quarter results on October 22, 2024, with the company raising its full-year guidance following strong revenue growth and a rise in orders. The engine supplier re...
RTX reported a net income of $1.5bn in the third quarter of 2024, swinging from last year's third quarter loss of $984 million. The company recorded $20.1bn in sales, up 49% from the same period last ...
Aircastle chief legal officer Christopher Beers will retire, effective February 28, 2025. Beers will continue as a senior advisor to the company for up to a year to help manage the Russian insurance c...
Cathay Pacific carried 1.8 million passengers in September 2024, up 17.8% from September last year. Additionally, revenue passenger kilometres (RPKs) were up up 18.4% in the month to 7.8bn RPKs. The l...
Vietnam Airlines has signed a partnership agreement with UN Women for 2024-2026, aimed at promoting gender equality and women's empowerment within the company, community and society at large.The signi...
Vietjet has operated it first flights – from Vietnam - using sustainable aviation fuel (SAF). The two Vietjet flights using SAF departed from Tan Son Nhat International Airport (SGN) in Ho Chi Minh Ci...
Asia Airfreight Terminal (AAT) – a subsidiary of SATS – has partnered with Thai Lion Air and Indonesia AirAsia to become their preferred cargo handler for new daily flights that will connect Bali and ...
Cirium has published its annual fleet forecast which shows the future outlook of the global commercial passenger and freighter aircraft market.The forecast shows that 45,900 aircraft are predicted to ...
Lufthansa Technik has partnered with KM Malta Airlines for CFM LEAP engine services. Over the next 9.5 years, the maintenance, repair and overhaul (MRO) provider will perform the repair and overhaul o...
AEM/AMETEK MRO has signed a landing gear service agreement with Liebherr-Aerospace for the provision of landing gear maintenance, repair and overhaul (MRO) services for the E190 across the EMEA region...
Air transport technology company SITA has appointed Nathalie Altwegg as senior vice president of its airports business unit. Altwegg will spearhead further growth in the airports market.“Our airports ...
Aircraft Engine Lease Finance (AELF) has leased one 737-800 to South African operator FlySafair.The aircraft is one of several acquired by AELF recently -- as it continues to add newer model 737-800s ...
Emirates along with a number of European airlines have extended flight cancellations to parts of the Middle East as tensions in the region continue to escalate. Emirates cancelled flights to Baghdad a...
Emirates has confirmed that it has placed a firm order for five additional 777 freighters to be delivered from 2025 and 2026.Together with its previous orders, Emirates now has 14 777Fs pending delive...
Bahrain flag carrier Gulf Air is set to commence a new non-stop service to Singapore from October 27, 2024.“Travellers now have a great-value, easy option for accessing Singapore, via our Bahrain hub,...
Cathay Pacific carried 1.8 million passengers in September 2024, up 17.8% from September last year. Additionally, revenue passenger kilometres (RPKs) were up up 18.4% in the month to 7.8bn RPKs. The largest share was North America, which was up 23.5%...
Emirates along with a number of European airlines have extended flight cancellations to parts of the Middle East as tensions in the region continue to escalate. Emirates cancelled flights to Baghdad and Tehran up to and including October 30, 2024. In...
Emirates has confirmed that it has placed a firm order for five additional 777 freighters to be delivered from 2025 and 2026.Together with its previous orders, Emirates now has 14 777Fs pending delivery from the American manufacturer from now until e...
Spirit Airlines’ stock surged over 60% in pre-market trading after it revealed it had borrowed the entire amount of its $300 million revolving credit facility in a stock filing published on October 18, 2024. The facility matures on September 30, 2026...
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