DAE signs new $300 million seven-year unsecured term loan

DAE signs new $300 million seven-year unsecured term loan

🕔08:41, 30.Sep 2019

Dubai Aerospace Enterprise (DAE). has signed a $300 million seven-year unsecured term loan with a group of six banks. Abu Dhabi Commercial Bank served as initial mandated lead arranger, bookrunner and underwriter. The loan will be used to repay secured

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Lessors swing into action as the A321 bears the brunt of the Thomas Cook failure

Lessors swing into action as the A321 bears the brunt of the Thomas Cook failure

🕔08:31, 30.Sep 2019

Thomas Cook has been forced into compulsory liquidation this morning. At this time, the UK liquidators control: three A320-200s, 35 A321-200s and eight A330-200s under the UK brand – then under Thomas Cook Airlines Scandinavia, they have: eight A321-200s and

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StandardAero delivers first GE90-115 fan case module from Cincinnati component repair facility

StandardAero delivers first GE90-115 fan case module from Cincinnati component repair facility

🕔12:15, 27.Sep 2019

StandardAero Component Services, located in Cincinnati, Ohio, recently shipped its first GE90-115 engine fan case module (FCM) unit for one of its airline customers.  The GE90-115 FCM is one of the largest aircraft engine components in the industry and the GE90-115

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ICAO supports UN-wide effort to refocus global attention on Agenda 2030 Sustainable Development Goals

ICAO supports UN-wide effort to refocus global attention on Agenda 2030 Sustainable Development Goals

🕔12:14, 27.Sep 2019

Complementing the launch of the second edition Aviation Benefits Report, ICAO has joined the rest of the UN system this week in refocusing global attention on the attainment by States of the 17 Sustainable Development Goals (SDGs) adopted under the

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States agree to place aviation innovation at the heart of sustainable development

States agree to place aviation innovation at the heart of sustainable development

🕔12:13, 27.Sep 2019

Twenty-four Ministers of Transport attending ICAO’s World Aviation Forum agreed to heighten innovation in the aviation sector as a means to accelerate progress towards the achievement of the United Nations Agenda 2030 Sustainable Development Goals, including the need to take

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ICAO and World Economic Forum partner in support of sustainable aviation development and the UN Global Goals

ICAO and World Economic Forum partner in support of sustainable aviation development and the UN Global Goals

🕔12:12, 27.Sep 2019

Enhanced cooperation between ICAO and the World Economic Forum (WEF) on issues pertaining to sustainability and all aspects of aviation development will result from a Memorandum of Understanding agreed by the President of the ICAO Council, Dr. Olumuyiwa Benard Aliu,

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Industry High-level Group launches second Aviation Benefits Report

Industry High-level Group launches second Aviation Benefits Report

🕔12:11, 27.Sep 2019

On the sidelines of the International Civil Aviation Organization’s 40th Assembly this week, the second edition Aviation Benefits Report was launched by the global air transport Industry High Level Group (IHLG). Comprised of ICAO, the Airports Council International (ACI), the Civil Air

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Finnair joins a Nordic initiative for electric aviation

Finnair joins a Nordic initiative for electric aviation

🕔12:10, 27.Sep 2019

A Nordic initiative to drive the development of electric aircraft is now being launched. Funded by Nordic Innovation (an organization under the Nordic Council of Ministers), a platform is created where Nordic players gather to develop the future of electric

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UK airlines circle for Thomas Cook London Gatwick slot pairs

UK airlines circle for Thomas Cook London Gatwick slot pairs

🕔12:09, 27.Sep 2019

UK and European airlines are all eager to bid for Thomas Cook’s take-off and landing slots at London’s Gatwick airport once they begin to be auctioned off. Virgin Atlantic, Wizz Air have already publicly noted their interest, but easyJet, British

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IAG provides 2019 guidance update

IAG provides 2019 guidance update

🕔12:09, 27.Sep 2019

In its latest full year operating profit guidance update, International Airlines Group’s (IAG) has indicated that the industrial action in September cost the airline an estimated total of €170 million and full year profits would decline by 6% as a

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