Star Air, a regional airline in India, has announced its plans to venture into the aircraft Maintenance, Repair, and Overhaul (MRO) sector. The airline aims to achieve this through a joint venture, focusing on servicing regional and business jet fleets.
Please SUBSCRIBE to view the full content.
First month of membership is free!
Air Transport Services Group (ATSG) has reported its 2024 financial results, posting total revenue of $2.0 billionand a net income of $27.4 million. The company also recorded $517 million in revenue for Q4 2024, with a quarterly net income of $14.7 million. The results highlight ATSG’s stable financial position in the air cargo and leasing industry.
Phoenix Aviation Capital (Ireland) has announced the successful closing of a $240 million term loan facility, marking a significant milestone in its expansion strategy. The funds will be used to finance the acquisition of six next-generation aircraft, all of which are on long-term leases with five airlines operating across the globe.
Aero Contractors (Nigeria) CEO Ado Sanusi has urged the Federal Government to reverse the current high interest rates affecting businesses in the country. Sanusi emphasized that a reduction in interest rates is crucial for Nigerian airlines to fully benefit from the Cape Town Convention protocol, which aims to facilitate asset-based financing and leasing for aircraft.
Boeing and its machinists‘ union have reached a tentative agreement on a new contract proposal, which includes a pay raise aimed at resolving a strike that has affected Boeing’s operations for nearly seven weeks. The new offer comes after extensive negotiations and is set for a union vote on November 4, 2024. If accepted, this…
Icelandic low-cost carrier PLAY Airlines has entered an agreement with StandardAero to receive performance restoration shop visit (PRSV) services for its LEAP-1A engines, which power PLAY’s A320neo fleet. StandardAero, operating from its specialized facility in San Antonio, Texas, will provide PRSV and MRO support under the CFM Branded Service Agreement. This maintenance partnership enables PLAY…
Korean Air has secured the rights to perform maintenance on Rolls-Royce engines, marking a significant expansion of its maintenance, repair, and overhaul (MRO) capabilities. The airline is preparing to carry out this work at a state-of-the-art engine maintenance facility currently under construction on Yeongjong Island, near Seoul Incheon International Airport.
Air Transport Services Group (ATSG) has reported its 2024 financial results, posting total revenue of $2.0 billionand a net income of $27.4 million. The company also recorded $517 million in revenue for Q4 2024, with a quarterly net income of $14.7 million. The results highlight ATSG’s stable financial position in the air cargo and leasing industry.
Phoenix Aviation Capital (Ireland) has announced the successful closing of a $240 million term loan facility, marking a significant milestone in its expansion strategy. The funds will be used to finance the acquisition of six next-generation aircraft, all of which are on long-term leases with five airlines operating across the globe.
Aero Contractors (Nigeria) CEO Ado Sanusi has urged the Federal Government to reverse the current high interest rates affecting businesses in the country. Sanusi emphasized that a reduction in interest rates is crucial for Nigerian airlines to fully benefit from the Cape Town Convention protocol, which aims to facilitate asset-based financing and leasing for aircraft.
Boeing and its machinists‘ union have reached a tentative agreement on a new contract proposal, which includes a pay raise aimed at resolving a strike that has affected Boeing’s operations for nearly seven weeks. The new offer comes after extensive negotiations and is set for a union vote on November 4, 2024. If accepted, this…
Icelandic low-cost carrier PLAY Airlines has entered an agreement with StandardAero to receive performance restoration shop visit (PRSV) services for its LEAP-1A engines, which power PLAY’s A320neo fleet. StandardAero, operating from its specialized facility in San Antonio, Texas, will provide PRSV and MRO support under the CFM Branded Service Agreement. This maintenance partnership enables PLAY…
Korean Air has secured the rights to perform maintenance on Rolls-Royce engines, marking a significant expansion of its maintenance, repair, and overhaul (MRO) capabilities. The airline is preparing to carry out this work at a state-of-the-art engine maintenance facility currently under construction on Yeongjong Island, near Seoul Incheon International Airport.
Air Transport Services Group (ATSG) has reported its 2024 financial results, posting total revenue of $2.0 billionand a net income of $27.4 million. The company also recorded $517 million in revenue for Q4 2024, with a quarterly net income of $14.7 million. The results highlight ATSG’s stable financial position in the air cargo and leasing industry.
Phoenix Aviation Capital (Ireland) has announced the successful closing of a $240 million term loan facility, marking a significant milestone in its expansion strategy. The funds will be used to finance the acquisition of six next-generation aircraft, all of which are on long-term leases with five airlines operating across the globe.
Aero Contractors (Nigeria) CEO Ado Sanusi has urged the Federal Government to reverse the current high interest rates affecting businesses in the country. Sanusi emphasized that a reduction in interest rates is crucial for Nigerian airlines to fully benefit from the Cape Town Convention protocol, which aims to facilitate asset-based financing and leasing for aircraft.
Boeing and its machinists‘ union have reached a tentative agreement on a new contract proposal, which includes a pay raise aimed at resolving a strike that has affected Boeing’s operations for nearly seven weeks. The new offer comes after extensive negotiations and is set for a union vote on November 4, 2024. If accepted, this…
Icelandic low-cost carrier PLAY Airlines has entered an agreement with StandardAero to receive performance restoration shop visit (PRSV) services for its LEAP-1A engines, which power PLAY’s A320neo fleet. StandardAero, operating from its specialized facility in San Antonio, Texas, will provide PRSV and MRO support under the CFM Branded Service Agreement. This maintenance partnership enables PLAY…
Korean Air has secured the rights to perform maintenance on Rolls-Royce engines, marking a significant expansion of its maintenance, repair, and overhaul (MRO) capabilities. The airline is preparing to carry out this work at a state-of-the-art engine maintenance facility currently under construction on Yeongjong Island, near Seoul Incheon International Airport.
