The online marketing site of the International Aircraft Dealers Association from January through November facilitated 500 aircraft transactions worth $4.5 billion in sales, IADA said Dec. 3.
Engine Assurance Program, based in Dallas, has grown enrollments by 40% since March, with 30% of the new business coming from first-time aircraft owners.
Scandinavian Airlines (SAS) has initiated the process of phasing out 21 of the older, less fuel-efficient aircraft in its fleet earlier than planned as a result of the COVID-19 pandemic.
Rolls-Royce has hired Infosys, one of India’s largest digitally-based consulting firms, to provide engineering, research and development services for its civil aerospace business, turning over a major office in Bengaluru that the engine-maker built up over the last decade.
Large U.S. airports could exhaust the federal aid they received in 2020 unless passenger volumes significantly improve in 2021, a new report from Moody’s found.
The European Commission (EC) has said that an HRK88.5 million ($14 million) grant to Croatia Airlines from the country’s government is acceptable considering the carrier’s COVID-19-related losses.
Business aviation flight hours are down 30% compared to last year, says avionics and engine manufacturer Honeywell Aerospace, which predicts a return to normal flight activity in 2022.
Satellite services provider Intelsat has completed its $400 million cash acquisition of Gogo’s commercial aviation business, creating a new internal division led by Gogo president John Wade.
Airlines and airports have renewed their calls for an end to quarantine and other travel restrictions in Europe, backed up new EASA guidelines declaring the current methods as “not recommended.”
Europe has failed in its approach to tackling the COVID-19 crisis and should completely rethink its strategy on aviation, the CEO of Budapest, Hungary-based Wizz Air said.
