AIRCASTLE had $16.1m net income on $205.2m revenues in first quarter ended May 31 vs $22.8m on $218.5m a year ago and ended quarter with 259 owned/managed aircraft (212 unencumbered) vs 253 a year ago. It has $2.6b of liquidity.
Landing gear specialist Héroux-Devtek of Quebec, Canada, has agreed to be acquired and taken private by a U.S. private equity firm for about $1.35 billion.
Vietjet says it plans to set up an MRO facility in Laos, supported by Vietjet Aviation Academy, estimating its operation in Laos can generate 2,500 new jobs.
The upcoming season will see Air France expand its network, UK-based easyJet launch flights to West Africa and Norway-based Norse diversify its service.
In Q2 2024, the aviation industry continued to grow despite navigating various challenges and opportunities, including tough economic times, AFRAA reports.
Lufthansa Airlines is introducing more cost-cutting measures as it suffers from escalating costs at a time when yields have come under increased pressure.
DHL Express and Central Airlines have revealed plans for the Chinese freight airline to operate two Boeing 777Fs on behalf of DHL on routes to and from China.
GOL has failed to start the process of considering its Chapter 11 exit financing proposals, after previously stating the evaluations would start in early June.
After Lufthansa's investment in ITA Airways was approved, our editors discuss the implications of the deal and what it means for consolidation in the region.
Argentina’s government has taken steps to knock down barriers in the country’s aviation sector as part of the president's efforts to liberalize the industry.
