Air Transport

AVOLON predicts lessor orderbooks will be in high demand in 2024 as supply shortage of aircraft continues; aircraft values and lease rates are expected to continue to rise.

Joel Goldberg to Senior Vice President and Chief Information Officer of Atlas Air Worldwide Holdings (effective February 26).

Mike Betson to President of Air Transport International (ATSG), OH; James O'Grady retired.

SAS sold new LEAP-powered A320neo (11832) to Aviation Capital Group for leaseback, the ninth of a 10-aircraft deal.

XTREME AVIATION, FL acquired ex-DHL 737-400SF (25163) for lease to AEROSUCRE, Colombia.

GOL voluntarily filed Chapter 11 in US Bankruptcy Court with US$950m in DIP financing; operations continue as normal.

Vertical Aerospace CEO Stephen Fitzpatrick took action this week to reassure viability of his company by committing up to $50 million in additional capital.

After announcing intent to appeal an antitrust ruling blocking their merger, JetBlue has informed Spirit that the merger may be terminable on and after Jan. 28.

Amsterdam Schiphol would need to reduce its emissions by at least 30% to be in line with Paris Agreement goals, a new report commissioned by the airport shows.

In a new outlook paper highlighting major changes in the aviation market, lessor Avolon said it expects market lease rates to rise further.

Long-haul LCC Air Japan will commence service between Tokyo’s Narita International Airport and Singapore Changi Airport on April 26.

United Airlines is adding a third seasonal route to Athens and boosting service to Alaska and Canada.

China Southern Airlines is set to offer a record summer schedule to London.

The latest airline route news, featuring network changes, schedule alterations, codeshares and interline agreements.

Akasa Air and CFM International have signed an agreement to purchase CFM LEAP-1B engines to power 150 Boeing 737 MAX aircraft.

Azorra has delivered the first two Embraer E195-E2 aircraft to Royal Jordanian Airlines.

Air Arabia has launched its newest route connecting Sharjah with Athens, the capital of Greece.

Emirates will ramp up its operations in Australia by upgrading its second daily flight between Dubai and Brisbane to an A380 starting from October 1.

With passenger levels rising steadily within the Gulf, flydubai is seeking to expand – if it can only get its hands on the aircraft it has ordered.

Iraq’s Fly Baghdad has suspended flights on all routes days after the U.S. Treasury accused the airline of transporting Iran-backed militants.

The announcement came just hours after the last flight of the Glasgow-based regional carrier's once-large fleet of Saab 340 turboprops after 24 years’ service.

The two partners in the CFM International joint venture, GE and Safran Aircraft Engines, are studying how to evenly share revenues in a future engine.

Dominating this week’s top air transport stories include FAA halting Boeing’s planned production increase of the MAX and United Airlines removing the MAX 10 from its internal plans as investigations continue on the inflight loss of an exit door plug on an Alaska Airlines 737-9 on Jan. 5.

Though Boeing’s 737-9 is now allowed to return to service after close inspections, the FAA’s decision to freeze production at current levels is a huge blow.

Joe Anselmo sits down with experts to discuss aerospace suppliers and investors—and what the new MAX woes could mean for their businesses.