AerCap signed financing transactions for approximately $1.6bn in the first quarter of 2024. Additionally, the company repurchased approximately 4.3 million shares, at an average price of $77.89 per sh...
Passenger demand, measured in revenue passenger kilometres (RPKs), was up 21.5% compared to February 2023 in data reported by the International Air Transport Association (IATA). Total capacity, measur...
Ostend-Bruges Airport has appointed Rose Yiqian Qiu as its new cargo sales director, effective as of April 2, 2024. Qiu will lead in advancing OST Airport's air cargo activities and accelerate its gro...
With global air passenger traffic expected to reach 9.4bn passengers in 2024, exceeding 2019 levels by 2.5% and marking a positive post-pandemic recovery, the recovery period has not been so equal acr...
SITA's biometrics white paper 'Face the Future' has found the surge in air passenger numbers is placing a greater strain on airports, border control points, and airline resources. The report said: ""E...
Avolon has executed 39 lease transactions in the first quarter of the year. The transactions are made up of new aircraft leases, follow-on leases, and lease extensions. Additionally, the aviation fina...
Alternative energy developer, financier, builder and operator Solarig is one step closer to making a 116,000 sustainable aviation fuel (SAF) facility in Spain a reality, having reached an agreement wi...
Fexco’s PACE has welcomed the introduction of the Rocky Mountain Institute (RMI)’s Pegasus Guidelines, the first climate-aligned finance framework for the aviation sector. Launched today, this initiat...
Virgin Atlantic has narrowed its losses for the year in 2023 to £139 million ($175 million) from £206 million ($260 million) in 2022. Its total revenue was up £265 million ($334.5 million) from 2022 ...
German-based renewable hydrogen producer Hy2gen has appointed Astrid Hartwijk as its chief operating officer as of April 1, 2024. ""My task here will be to move projects from the development stages...
Virgin Atlantic has added a second daily flight to Mumbai from London Heathrow and will commence on October 27, 2024. It will operate on the airline's A350-1000. ""There is a huge opportunity for u...
ACMI, cargo, and charter provider SmartLynx Airlines has appointed Jan Belina as its deputy CEO, working alongside the company CEO Edvinas Demenius. Prior to joining the company, he served Czech's lar...
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