Brunei's Ministry of Defence has signed a contract with Airbus Helicopters for the acquisition of six H145M helicopters. ""The H145M is well regarded for its high performance and versatility, and w...
Ryanair flew 17.3 million passengers in the month of April 2024, up 8% from 16 million in the same period last year. Its load factor was down two percentage points to 92%. Nearly 700 flights were c...
Air cargo demand, measured in cargo tonne-kilometres (CTKs), rose by 10.3 in March 2024, compared to March 2023, data from the International Air Transport Association (IATA) showed. Global capacity, m...
Avolon's net income has increased 91% to $107 million in the first quarter of 2024, up from $56 million in the first quarter of 2023. Its total revenues increased 7.4% to $663.1 million, with lease re...
Banking and finance partner Mario Jacovides has joined Keystone Law as a partner. Jacovides has specialised in asset finance and leasing transactions for over 30 years with particular expertise in th...
Regional aircraft lessor TrueNoord has completed a sale agreement for a further eight aircraft with Nordic Aviation Capital (NAC). The portfolio of aircraft, comprising one Dash 8-400 and seven E190s....
CDB Aviation, a wholly owned subsidiary of China Development Bank Financial Leasing, has closed the purchase of four aircraft from Avolon. The purchased assets comprise of one A330-900, two A321neo...
Workers at aviation services provider OCS Group at Glasgow Airport have secured a 10.9% pay increase offer, secured by Unite. The pay has now raised to £12.20 an hour. The approximate 80 workers emplo...
AerCap has reported a net income of $604 million for the first quarter of the year and an earnings per of share of $3.02, up from $432 million, or $1.79 year-on-year (YoY). Its adjusted net income was...
ACIA Aero Leasing has delivered the first of two ATR 72-500 freighter aircraft to Thailand's newest airline, Pattaya Airways. ""We continue to see strong demand for the ATR 72 freighter and are loo...
Lufthansa Group has reported a net loss of €734 million for the first quarter of the year, a further 57% increase in its first quarter 2023 net loss of €467 million. Its earnings per share were down f...
Refuelling workers at Heathrow Airport have called off their planned strike that was due to begin this week after they accepted a new pay and conditions from their employer, AFS Aviation. Refueller...
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