IATA reports y-o-y global pax traffic rose 8.6% in August on 6.5% higher capacity; cargo rose 11.4%. It says continued strong demand growth is signaling a fast-approaching infrastructure capacity crunch that would restrict connectivity.
AERCAP completed its inaugural Sukuk issuance of $500m with 5-year maturity period at profit rate of 4.5%.
PRATT & WHITNEY opened $255m, 845,000 sq ft military engine program hub facility in Oklahoma City, OK.
CAE has 25-year, C$1.7b subcontract to provide pilot training for RCAF.
