While Swiss International Air Lines works to mitigate the impact of GTF-related groundings, CEO Dieter Vranckx is looking ahead to what will replace its 777s.
Global software provider to the travel industry Accelya has signed a multi-year FLX Cargo renewal with flydubai, creating an end-to-end cargo platform offering.
AIR FLO is being established by Avi8 Air Capital (Ed Wegel) to launch A220 operations out of South Florida; TAILWINDS AVIATION is expected to manage aircraft acquisitions and design/branding will be led by Japan's LIFT AERO DESIGN.
GOL disclosed plan, in connection with its ongoing Chapter 11 proceedings, to evaluate capitalization alternatives and/or available alternative transactions, as well as assess opportunities presented by potential sources of capital.
LUFTHANSA GROUP had €1.7b net profit in 2023 (vs €791m in 2022) on 15% higher revenues due to the continued high demand for air travel and another record result at LUFTHANSA TECHNIK. It plans to take delivery of >30 aircraft, including around 20 long-haul jets (>10 787-9s; eight A350-900s; 777F) in 2024, an all-time high for long-haul aircraft.
Under the DOT budget request, FAA funding would total $21.8 billion, not counting another $5 billion in special bipartisan infrastructure law (BIL) grants.
The largest aircraft lessors could receive more than $2B by 2025 as insurance settlements from lost business and assets in Russia pay out faster than expected.
