Germany’s Concrete Chemicals has won EC approval for €350 million ($364 million) of German funding to support the production of synthetic aviation fuels.
US DOT reports US scheduled pax airlines recorded $2.1b cumulative net profit in 3Q24 (vs $1.6b in 3Q23) on $63b operating revenues ($47.6b in fares, $1.9b in baggage fees and $254m in reservation change fees) vs $62b a year ago.
AZORRA sold 777-300ER (35542; leased to AIR FRANCE) to AMERGIN, Ireland; and two A330-200s (1123/1135; leased to ITA AIRWAYS) to an undisclosed buyer in deal arranged Elevate Capital Partners, which will also service the aircraft.
SPIRIT AIRLINES received US Bankruptcy Court approval to complete previously announced sale of 15 A320s and eight A321s with V2500s (built in 2014-2019) to GA TELESIS to accelerate restructuring/streamline operations (SPNWS; Nov 1).
DAE reports it has received approximately US$201m in cash proceeds over last three months from settlements with selected insurance companies with respect to aircraft previously leased to Russian airlines. It has now received $319m.
Breeze Airways has now “passed the transition point where the revenues are higher than the expenses,” founder and CEO David Neeleman tells Aviation Week.
IATA estimates $965 billion in revenue for the global airline industry in 2024; for 2025, revenues are forecast to exceed $1 trillion for the first time ever.
Air Canada is touting all its hubs as key pillars of its ambitions to reach $21 billion in revenue in 2028, but Vancouver appears to be getting extra attention.
The Flight Emissions Label aimed at giving passengers the chance to better assess the environmental impact of their flight is set to be operational in July 2025
Speaking on a Q4 earnings call, Heico Flight Support Group President Eric Mendelson said his company continues to see “tremendous” supply chain challenges.
Air New Zealand will acquire 30 million liters of sustainable aviation fuel (SAF) from Neste, or 1.6% of the airline’s total fuel supply for fiscal 2025.
Lessor Dubai Aerospace Enterprise has received a further tranche of funds relating to aircraft over which it lost control following Russia's invasion of Ukraine
Japan has set an ambitious target of becoming carbon neutral by 2050. Would hybrid-electric or hydrogen-powered regional airliners make a dent in its domestic aviation carbon emissions?
