KLM Royal Dutch Airlines intends to postpone investments, cut costs and take measures to increase productivity as part of a bid to improve operating profit.
Singapore plans to build a second Airport Logistics Park at Changi Airport as the government prepares to increase the airport’s cargo handling capacity.
ST Engineering has finalized a 15-year deal with Akasa Air, providing engine MRO services for the airline’s Leap 1B-powered Boeing 737 MAX-family aircraft.
As the aviation industry continues to evolve, the concept of the aerotropolis—a metropolitan subregion where the layout, infrastructure, and economy are centred around an airport—has gained significant traction.
WILLIS LEASE FINANCE entered into a Series A preferred stock purchase agreement with the Development Bank of Japan to refinance $50m of Series A-1/A-2 preferred stock into single $65m preferred stock series with 7-year term.
ROLLS-ROYCE & PARTNERS FINANCE established subsidiary at GIFT City, India, which finalized first transaction with Akasa Air for long-term sale and leaseback solution for two LEAP-1Bs delivering in September/October 2024.
CEBU PACIFIC finalized order for 70 GTF-powered A321neos, increasing its backlog with Airbus to 94 A320neo Family aircraft (to join fleet of 61 ceo/neos) and seven A330neos. It signed LOI for up to 152 at Farnborough (SPNWS; July 5).