The pilots’ union at South Korea’s Asiana Airlines has filed an injunction to prevent the sale of Asiana Cargo to fellow South Korean carrier Air Incheon. The union argues that the sale process involved improper exercise of voting rights, raising concerns about procedural fairness and transparency in the decision-making process. This legal challenge underscores the…
Nigerian aviation company XEJet has announced plans to construct a Fixed-Base Operator (FBO) and maintenance facility in Abuja, following recent regulatory approvals that allow the company to provide aircraft maintenance services. This development is set to expand Nigeria’s aviation infrastructure, offering local maintenance solutions that enhance operational efficiency for regional carriers. XEJet’s sister company, XEJet…
SAMCO Aircraft Maintenance has signed a four-year contract extension with CityJet, an Ireland-based wet-lease airline, to provide comprehensive maintenance services for CityJet’s CRJ 900 and CRJ 1000 fleet operating throughout Europe. This extended agreement covers all line maintenance needs, including regular hangar maintenance visits, which will be conducted from SAMCO’s Scandinavian Hub in Copenhagen and…
HAECO Group, a leading provider of aircraft maintenance, repair, and overhaul (MRO) services, has signed a Memorandum of Understanding (MOU) with Shanghai Aircraft Customer Service Co. Ltd. (SACSC), a subsidiary of the Commercial Aircraft Corporation of China (COMAC). This partnership is set to expand maintenance capabilities for COMAC’s ARJ21 and C919 aircraft platforms, providing comprehensive…
FTAI Aviation Ltd. has reported a strong financial performance for the third quarter of 2024, highlighting significant revenue growth and operational achievements. The company declared a quarterly dividend of $0.30 per common share, underscoring its commitment to delivering shareholder value.
Aviation Capital Group LLC (ACG), a leading global full-service aircraft asset manager, has announced the successful closing of its inaugural sustainability-linked loan, amounting to $550 million. This senior unsecured term loan, maturing in October 2027, includes an accordion feature that allows ACG to request up to an additional $300 million in lender commitments.
Airbus has released its financial results for the first nine months of 2024, reporting consolidated revenues of $48.1 billion, a 5% year-on-year increase driven by strong commercial aircraft demand. This growth reflects continued recovery in the global aviation market, where Airbus recorded gross commercial orders totaling 667 aircraft, underscoring sustained demand from airlines looking to…
Riyadh Air, Saudi Arabia’s new airline backed by the Public Investment Fund, is considering a strategic code-sharing agreement with Cathay Pacific, enhancing its connections in Asia. This collaboration would allow both airlines to expand their reach across Asia and the Middle East, giving Riyadh Air access to Cathay Pacific’s vast network of over 80 destinations…
Aircraft asset manager Stratos has finalized the sale of four aircraft across three separate transactions, enhancing returns for its investors. The sales include two A320 aircraft sold to Avion Express, a 737-300F purchased by a Middle Eastern buyer, and a leased 777-300ER acquired by Altavair-managed investors. The A320s were transferred at lease expiration, while the…
The release of Russia’s updated SJ-100 aircraft faces delays, as highlighted by Chief Designer Kirill Kuznetsov. While the familiar SSJ100 fuselage remains, the SJ-100 is undergoing extensive testing and certification for its new PD-8 engines, replacing the earlier French-Russian SaM146 engines. The PD-8’s certification, expected in 2025, has introduced unique challenges as the engine undergoes…
