Global Jet Capital has closed its BJETS 2024-1 asset based securitisation (ABS), raising approximately $575 million. BJETS 2024-1 is Global Jet Capital’s seventh ABS, bringing total assets securitised to approximately $5.1 billion and bonds issued to approximately $4.2 billion. The BJETS 2024-1 offering contained three tranches of notes: a $459.9 million Class A tranche, priced ..read more

Sustainable aviation fuel (SAF) producer World Energy has joined the Air Transport Action Group (ATAG) as a Strategic Associate member, ‘highlighting the importance of collaboration in ramping up SAF availability,’ explains ATAG. “As a pioneer in commercialising sustainable aviation fuel for over a decade, we are well aware of the power of collaboration,” said World ..read more

Embraer and Austrian International Cooperation & Aviation Technology (AICAT) have signed an agreement to ‘enhance international cooperation in the aerospace sector’, building on the Brazilian aircraft manufacturer’s existing relationships in Austria. ”For AICAT, an association representing about 100 Austrian aviation companies most of which are SMEs and position themselves in the supply chain, an intensified ..read more

French light aircraft manufacturer Aura Aero has partnered with Societe General Equipment Finance, the international subsidiary of Société Générale Group, to offer a financing solution for the two-seat Integral family of light aircraft. “SGEF is a partner with exceptional experience in general aviation projects. With this collaboration, we are making it easier for pilot schools ..read more

European ACMI provider SmartLynx Airlines has made a ‘substantial investment’ of €6 million ($6.4 million) in upgrading cabin interiors and improving maintenance processes, part of a programme which started in 2023. “Cabin experience plays a crucial role in ensuring client satisfaction. Investing in cabin improvements reflects our commitment to enhancing our clients’ comfort,” explained Edvinas ..read more

Airport Handling has opened its new office at Rome Fiumicino airport, part of the company’s multi-million euro investment into the facilities, following the award of a seven-year ground handling license at the facility. The office is located at terminal 3. CEO of Airport Handling Alberto Morosi explained his intention to continue his company’s “long-term investments ..read more

Etihad has recorded a 43% year-on-year growth in customer numbers for March 2024, with more than 1.4 million guests travelling with the United Arab Emirates carrier during the period; up from one million in March 2023. The airline’s year-to-date passenger figures currently stand at 4.3 million, with a passenger load factor of 86%. Etihad’s operating ..read more

Kazakhstan’s SCAT Airlines has successfully gone live with Swiss-AS’ AMOS software within its engineering and maintenance department, marking the ‘completion of an extensive transition phase’. The implementation of the software solution builds on an agreement first signed in 2021, with the project commencing with a thorough review of former processes, rigorous testing and extensive training ..read more

The recent volcanic eruption at Mount Ruang, Indonesia, has caused Malaysia Airlines and AirAsia to suspend flights in the region; with delays ongoing despite the latter having reinstated some services. Malaysia Airlines cancelled several flights to and from Kuala Lumpur International Airport to the states of Sabah and Sarawak, with a total of 37 flights ..read more

Norse Atlantic Airways has announced its latest route, connecting London Gatwick with South Africa’s Cape Town. The service will run three times a week from October 28 2024. “By breaking the duopoly on this route, we are not only expanding travel options for consumers but also driving down costs and putting the customer back in ..read more