EASTERN AIRLINES was approved by US Bankruptcy Court to acquire assets of AERO TECH MIAMI and iAERO AIRWAYS, including 27 737CLs and two 737NGs, for $71.2 million. iAero has now filed for liquidation, converting to Chapter 7.
CMA CGM AIR CARGO expects to take delivery of two 777Fs in 2Q/4Q24 (to be operated by ATLAS AIR) to launch transpacific services; it also expects another 777F in 2025 and eight A350Fs in 2026/27. It has two 777Fs/three A330Fs.
UNITED AIRLINES had $124m net loss on $12.5b revenues in 1Q24 vs $194 loss on $11.4b in 1Q23. It has converted several MAX 10s to MAX 9s for 2025-2027 and agreed to lease 35 LEAP-powered A321neos from two undisclosed lessors from 2026/27; it now expects to take delivery of 61 narrowbodies (and five widebodies) in 2024 vs original 183.
EUROATLANTIC AIRWAYS, Portugal secured capital injection from controlling stakeholder NJORD I-JET AVIATION to optimize performance improvements and expand fleet of five 767s/777s to meet demand for ACMI and charter services.
Aegean Airlines will acquire four Airbus A321neos with extended range to explore broadening its network as far as Central Africa and the Indian subcontinent.
GKN Aerospace is nearing critical milestones in its H2Gear hydrogen-electric powertrain research and technology project after overcoming supply chain issues.
Etihad Cargo is celebrating a 10-year strategic partnership with Envirotainer - providing safe and reliable transportation of temperature-sensitive pharmaceuticals and healthcare products.
Hong Kong International Airport retained its status as the world’s busiest cargo airport in 2023, handling 4.3 million metric tons, up 3.2% year-over-year.