Airline Economics
1,465 FOLLOWERS
Aviation News Ltd is a publishing and events company dedicated to reporting on the aviation finance and leasing industry. It provides daily aviation news covering airlines, airports, aviation life, cargo, corporate jets, defense, environmental, finance, insurance, leasing, maintenance, regulatory, space, and activities of key players and personalities in the global aviation industry.
Airline Economics
9h ago
Israeli startup airline airHaifa has taken delivery of its first aircraft: an ATR 72-600. “This is another milestone reached along the startup journey after a lot of hard work by a lot of incredible people,” the company said in a LinkedIn post. The airline added: “We’re looking forward to bringing the plane home to ..read more
Airline Economics
9h ago
Air France-KLM’s third quarter unit revenues are expected to be negatively impacted by around €150-170 million as a result of the Paris Olympic Games 2024 this summer. The company said in its second quarter results its operating result in the period had already been impacted by the games to the tune of around €40 million ..read more
Airline Economics
9h ago
Norton Rose Fulbright advised Virgin Atlantic on its order of seven additional A330-900neo aircraft. The order is part of its fleet transformation programme. Norton Rose Fulbright partner Will Alete advised on the negotiation and legal documentation for the order. “We were delighted to be able to assist our client Virgin Atlantic with this important order ..read more
Airline Economics
10h ago
GE Aerospace reported a strong second quarter, but the company has lamented the supply chain constraints that has impacted its new engine output. The company produces the CFM International LEAP engine in a 50/50 joint venture with Safran Aircraft Engines. “While we’ve made progress and services this quarter, our new engine output was disappointing, down ..read more
Airline Economics
10h ago
SIA Engineering has reported its first quarter results for the fiscal year 2024-25. Its revenues totalled $268.8 million, up 2.6% over the same period a year prior. Expenditure rose at a slightly lower rate of 2.4% to $267.7 million, mostly driven by higher material and labour costs. It recorded an operating profit of $1 million ..read more
Airline Economics
11h ago
Norton Rose Fulbright advised Virgin Atlantic on its order of seven additional A330-900neo aircraft. The order is part of its fleet transformation programme. Norton Rose Fulbright partner Will Alete advised on the negotiation and legal documentation for the order. “We were delighted to be able to assist our client Virgin Atlantic with this important order ..read more
Airline Economics
11h ago
Electric commercial airline ZeroAvia has agreed to purchase 22 of Zero Avia’s ZA2000 hydrogen-electric engines with options for a further 40 engines. The ZA2000 engine can be retrofitted into40-80 seat regional turboprop aircraft. “We’ve moved one step closer by signing an agreement to purchase 22 hydrogen electric engines from ZeroAvia,” said Ecojet founder Dale Vince ..read more
Airline Economics
11h ago
IAT Leasing acquired two 2013 vintage A330-200 aircraft subject to lease with Hawaiian Airlines from ORIX Aviation. The aircraft were acquired on behalf of funds managed by Atalaya Capital Management. “IAT are delighted to have closed this deal, our first transaction with Atalaya,” said IAT CEO Martin Browne. IAT chairman Magnus Stephensen commented: “This marks ..read more
Airline Economics
11h ago
AURA AERO – a European hybrid electric regional aircraft developer – will open its first US facility in the Embry-Riddle Aeronautical University’s research park at the end of the year. It will also build a 500,000 square foot manufacturing and assembly plant in Florida. The facility will allow AURA AERO to produce, assemble, test and ..read more
Airline Economics
13h ago
Air Lease Corporation has delivered one A321-200neo aircraft with Uzbekistan-based Centrum Air on a long-term lease. It is the airline’s first A321neo. “This is a significant step in the development of our airline, which will strengthen our position in the market and offer our passengers further comfort and safety,” said Centrum Air founder and CEO ..read more