AerCap’s separate US$3.4 billion claim against the “All Risks” insurers under its contingent and possessed insurance policy that relates to these 17 aircraft and five spare engines is approximately US...
AIP Capital (AIP) has closed an LP investment in a VIG Partners (VIG) fund, which holds a control investment in Korean low-cost carrier, EastarJet, and placement of five new Boeing 737 MAX 8 aircraft....
Boeing has become a Patron of the World Energy Council, marking the first aerospace company to partner with the organization to drive sustainable energy transitions. The Patron programme is the Counci...
Satys Aerospace has signed a new agreement with the Mohammed Bin Rashid Aerospace Hub (MBRAH) to build a new paint hangar at Dubai South - Al Maktoum International Airport (DWC). The new production fa...
The International Air Transport Association (IATA) has released data for July 2023 global air cargo markets, showing a continuing trend of recovering growth rates since February. July air cargo demand...
Despite a challenging operational environment, London Gatwick has reported a strong demand for travel continued in the first half of 2023. Some 18.5 million passengers travelled through the airport in...
The UK Government has committed to introduce a revenue certainty scheme as part of the UK’s sustainable aviation fuels (SAF) programme. As part of the Energy Bill, the Government has tabled legislatio...
International law firm Clifford Chance advised Standard Chartered on agreements to sell its global aviation leasing business to AviLease and a portfolio of secured aviation loans to PK Airfinance. Bot...
Griffin Global Asset Management (Griffin) has closed a purchase and leaseback of two new Boeing 787-10 aircraft and two new A350-1000 aircraft on long-term lease to British Airways. “Griffin is extrem...
In August 2023, Ryanair carried 16.9 million passengers – an increase of 11% over the same month in 2022. The airline’s August load factor was 96%. Ryanair operated over 103,000 flights in August 2023...
Avolon has signed a binding agreement for its order of 20 new A330neo aircraft from Airbus. The order firms up a memorandum of understanding signed at the Paris Airshow in June. The new aircraft are s...
Air China has reported a loss for the first six months of 2023. The airline booked revenue of RMB 59.6bn (US$8.2 billion) – an increase of nearly 2.5x over the same period last year – and narrowed its...
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