Hyundai Glovis, the South Korean logistics and transport affiliate of Hyundai Motor Group, has strengthened its commitment to the aviation cargo sector by increasing its investment in the Socius Korea Investment No. 1 Corporate Financial Stability Private Equity Partnership. The fund is the major backer of Air Incheon, which is in the process of acquiring Asiana Cargo. With…
Allegiant Travel Company, the parent of Allegiant Air, has entered into a new credit facility agreement valued at up to $144 million, secured by the delivery of Boeing 737 MAX aircraft. The arrangement was made through one of the group’s wholly owned subsidiaries and is designed to provide financial flexibility to support fleet expansion and capital structure optimization.
Uzbekistan Airways and AZAL Azerbaijan Airlines have entered into a new codeshare agreement, strengthening bilateral air connectivity and expanding travel options between the two nations. The agreement allows each airline to sell seats on select flights operated by the other, enabling more seamless passenger transfers and improved scheduling flexibility.
AerCap Holdings, headquartered in Ireland, and AFI KLM E&M, the MRO arm of the Air France-KLM Group, have entered into exclusive negotiations to establish a joint venture dedicated to leasing LEAP engines. This joint venture will provide enhanced engine access and leasing flexibility to LEAP Premier MRO customers worldwide, aligning both companies’ strategic interests in serving the fast-growing fleet…
AE Industrial Partners, a U.S.-based private equity firm specializing in aerospace, defense, and industrial services, has acquired Air Transport Components (ATC), also based in the U.S., to serve as the cornerstone of a new aviation services platform. The acquisition marks a significant step in AE Industrial’s strategy to build an end-to-end component and accessory repair ecosystem tailored…
Russia has announced plans to significantly increase the production rate of its TU-214 narrowbody aircraft to 20 units per year by 2027–2028, marking a strategic push to bolster domestic aircraft manufacturing capacity. The decision aligns with Russia’s broader objective to reduce reliance on Western-built aircraft, particularly as ongoing sanctions and international restrictions limit access to parts, services, and…
Comac continues progressing its widebody ambitions with the signing of Memoranda of Understanding (MOUs) with Safran (France) and Crane Aerospace & Electronics (United States) for systems integration on its in-development C929 aircraft. These agreements were announced during the Paris Airshow and indicate Comac’s intention to secure critical subsystems and engineering expertise from internationally established suppliers as it moves forward with the C929…
Comac has unveiled plans to significantly expand its C919 program with two new versions of the aircraft while revising the entry-into-service timeline for its long-range widebody project, the C929. At the Paris Airshow, the Chinese aircraft manufacturer disclosed its intention to introduce a shortened 160-seat variant of the C919 specifically designed for “hot and high” operational…
ATR and Pratt & Whitney Canada have unveiled a new partnership aimed at advancing propulsion technologies for future generations of regional turboprop aircraft. Announced during the airshow, the collaboration is expected to focus on developing more efficient, sustainable, and cost-effective propulsion systems, aligning with industry goals for reduced emissions and improved performance in short- to medium-haul aviation.
Riyadh Air, the new Saudi Arabian carrier backed by the kingdom’s Public Investment Fund (PIF), has placed a firm order for 25 Airbus A350-1000 aircraft, marking a critical step in building its long-haul, full-service fleet. The agreement includes the option to increase the order to 50 aircraft, showcasing the airline’s ambitious growth trajectory.
