Blackstone to acquire 22% in AGS Airports
Blackstone will acquire a 22% stake in British airports group AGS Airports from AviAlliance for £235 million ($304.4 million), the company said on March 28, 2025. AviAlliance, owned by the Public Sect...
Blackstone will acquire a 22% stake in British airports group AGS Airports from AviAlliance for £235 million ($304.4 million), the company said on March 28, 2025. AviAlliance, owned by the Public Sect...
Average worldwide air cargo rates regained a further 4% in the third full week of March, according to WorldACD's cargo data report. The report added that the increase puts the rates back to mid-Januar...
Turkish Airlines has launched flights to Ohrid, North Macedonia. The route marks its second destination in North Macedonia, following its capital Skopje and brings its global flight network to 353 des...
Aircraft charter company Air Charter Service has opened its new office in Montreal, Quebec, marking its second Canadian office, as well as its 36th office globally. The company's first Canadian office...
A disruptive Ryanair passenger has been fined €2,000 by the Malta court on March 28, 2025. The passenger had been smoking onboard a Ryanair flight going from Cologne to Malta on March 22. The disrupti...
Airline capacity between Canada and the US have been reduced through October 2025, according to a report from OAG. The report noted that the most significant cuts were made during peak summer travel p...
Aircraft maintenance provider AAR Corp reported net losses of $8.9 million in the three months ending February 28, 2025, swinging from its net profit of $14 million in the equivalent period a year pri...
Boeing has promoted Matt Welch to vice president and chief financial officer of its Commercial Airplanes business. Welch previously served as vice president of investor relations at Boeing. He will be...
Aviation services provider AAR has signed an extension of its exclusive serviceable engine products agreement for the CFM56 used serviceable material (USM) partnership with FTAI Aviation through 2030....
ITP Aero reported revenues totalled €1.6bn in 2024, marking a 24% increase compared to 2023. The company, majority owned by Bain Capital, reported an EBITDA of €295 million, up 43%. The company said t...
Ethiopian Airlines has signed an agreement with Archer Aviation to deploy Archer Aviation's electric vertical takeoff and landing (eVTOL) aircraft Midnight under its ‘launch edition' programme. The tw...
TAP Air Portugal's net income dropped 69.7% to €53.7 million in 2024. Net losses more than doubled to €64.5 million, compared to a net loss of €26.2 million in the fourth quarter of 2023. “The 2024 re...
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