Founder and owner of Jet2, Philip Meeson is planning to step down as executive chairman of the Group. Meeson is set to move to the role of non-executive chair by the end of this year and remain in tha...
AerCap signed 124 lease agreements, including 18 widebody aircraft, 77 narrowbody aircraft, 11 engines and 18 helicopters during Q2 of 2023. The lessor also completed the purchases for 22 new aircraft...
Leisure airline Jet2 returned to profit in the FY ending March 2023 with a pre-tax profit of £371 million from a £388.8m loss in 2021-2022. The airline posted an increase in revenue from £1.23 billion...
Norwegian has entered into an agreement with WF Holding AS to acquire Widerøe for a cash consideration of NOK 1,125 million. The purchase price is subject to certain adjustments after closing, includi...
Avolon carried out 31 lease transactions comprising new aircraft leases, follow-on leases and lease extensions in the second quarter (Q2) of 2023, according to its latest trading update. The lessor si...
Wizz Air carried 5.3 million passengers in June 2023 recording a 22.5% increase as compared to same time last year, at a load factor of 92.2%. The airline recently released its traffic figures for Jun...
Southwind Airlines took delivery of its first B777-300 aircraft. The aircraft is a 19-year-old, ex-Fly Pro aircraft, ferried from the maintenance hangar at Bodrum Milas to Antalya. The airline has ind...
Storm Aviation has signed a 5-year line maintenance contract with Norse Atlantic to perform maintenance services at London-Gatwick Airport. As a part of the agreement, Storm Aviation will perform line...
The global air cargo demand fell 5.2% compared to May 2022 according to the data released by the International Air Transport Association (IATA). The complete air cargo report for May 2023 reflects a w...
Airbus opened new Wing Technology Development Centre at Filton site to build and test demonstrators for a range of programmes and research projects. The new facility will help Airbus accelerate the de...
Boeing and Virgin Australia have signed a Memorandum of Understanding focusing on sustainability, engagement and well-being of their people and f responsible and inclusive business practices. The agre...
Lufthansa Cargo recently added its third Airbus A321 freighter with an aim to expand its e-commerce capabilities. The carrier plans to add a fourth A321 to the fleet later this year with plans for fur...
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