WeatherTech launch customer for StandardAero and Thales H125/AS350 advanced autopilot system

WeatherTech launch customer for StandardAero and Thales H125/AS350 advanced autopilot system

🕔15:27, 30.Jan 2020

StandardAero and Thales have announced that automotive accessories firm WeatherTech is the launch customer for their advanced 4-axis Compact Autopilot System for the Airbus Helicopters H125/AS350 platform. Derived from certified transport category solutions, the Lightweight Compact Autopilot brings Four-axis capability,

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Airbus Helicopters adds 250 more helicopters to global support contracts

Airbus Helicopters adds 250 more helicopters to global support contracts

🕔14:39, 30.Jan 2020

Airbus Helicopters added 250 helicopters to HCare Smart and Infinite contracts in 2019, increasing to 2,250 the number of aircraft now covered by a global HCare material management contract. This means 19% of Airbus Helicopters’ worldwide fleet is now covered

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Pegasus adds three direct routes to Turkey from the UK and Finland

Pegasus adds three direct routes to Turkey from the UK and Finland

🕔14:38, 30.Jan 2020

Turkish carrier Pegasus expands its network with the launch of three new routes for 2020 with the addition of direct flights from UK London Stansted  to Ankara and Antalya, as well as an integral Finish route with a service from Helsinki

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AWG establishes working group puts ESG to the fore in aviation finance

AWG establishes working group puts ESG to the fore in aviation finance

🕔14:36, 30.Jan 2020

As pressure mounts on the aviation sector over carbon emissions, the Aviation Working Group (AWG) has established a working group to review Environment, Social and Governance (ESG) issues and their impact on aviation finance, which will focus on developing tools

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Atlas Air and Southern Air prevail in US District Court actions brought by Teamsters Pilot Union

Atlas Air and Southern Air prevail in US District Court actions brought by Teamsters Pilot Union

🕔16:22, 29.Jan 2020

Atlas Air Worldwide has confirmed that Atlas Air and Southern Air have prevailed in dismissing two legal actions brought by their pilot union, the International Brotherhood of Teamsters. The union filed these lawsuits last summer, seeking to vacate the management

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Boeing reports a loss

Boeing reports a loss

🕔16:21, 29.Jan 2020

As expected Boeing has reported a loss for the fourth quarter and full year 2019 having been severely impacted by the 737 MAX grounding.  For the fourth quarter of 2019, Boeing’s reported revenue was down 37% over the same period

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Alaska Air Group reports fourth quarter 2019 and full-year results; raises dividend 7%

Alaska Air Group reports fourth quarter 2019 and full-year results; raises dividend 7%

🕔16:20, 29.Jan 2020

Alaska Air Group has reported net income of $181 million, or $1.46 per diluted share for the fourth quarter, compared to fourth quarter 2018 net income of $23 million, or $0.19 per diluted share. For the full year 2019, net

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Moody’s upgrades DAE’s rating to investment grade

Moody’s upgrades DAE’s rating to investment grade

🕔16:19, 29.Jan 2020

Moody’s Investors Service has upgraded the corporate family rating of Dubai Aerospace Enterprise (DAE) to Baa3 from Ba1, and the senior unsecured rating of subsidiary DAE Funding LLC to Baa3 from Ba2. This action concludes the review for upgrade initiated

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LCI charts 2020 growth with new financial partnerships

LCI charts 2020 growth with new financial partnerships

🕔16:18, 29.Jan 2020

LCI, a helicopter lessor and the aviation division of the Libra Group, has sealed new partnerships with two leading financial institutions as it continues to grow its fleet. The lessor has just taken delivery of a Leonardo AW169 helicopter with

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SMBC Aviation Capital closes $600 million syndicated financing

SMBC Aviation Capital closes $600 million syndicated financing

🕔16:16, 29.Jan 2020

SMBC Aviation Capital has closed a $600 million syndicated financing transaction comprising a $200 million term loan and a $400 million revolving credit facility with a consortium of Asian-Pacific and European banks. The lessor says that transaction generated strong interest

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