IATA: Air cargo tracks near pre-COVID levels

The International Air Transport Association (IATA) released data for July 2022 global air cargo markets showing that demand continued to track at near pre-pandemic levels in July (-3.5%), but below July 2021 performance (-9.7%). Global demand, measured in cargo tonne-kilometres (CTKs), fell 9.7% compared to July 2021 (-10.2% for international…

UK MP urges new PM to support aviation recovery

A cross-party group of UK parliamentarians has called on new prime minister Liz Truss’s administration to back UK aviation, travel and tourism as it continues to recover from the impacts of Covid-19. A letter, organised by Henry Smith MP as chair of the All-Party Parliamentary Group for the Future of…

Rolls-Royce partners with Air China for new Trent facility

Air China and Rolls-Royce have entered into a 50-50 Joint Venture (JV) to develop new maintenance, repair, and overhaul (MRO) facility. The new facility will be called BAESL (Beijing Aero Engine Services Company Limited) and will provide MRO support on Air China’s Trent 700, Trent XWB-84, and Trent 1000 aero…

LATAM Cargo to operate additional freighter 

LAN Cargo (LATAM Cargo) will operate an additional aircraft and, as a result, LATAM Cargo and its related carriers will end 2022 with a fleet of 16 767 freighters. “This aircraft will allow us to continue strengthening our value proposition through a broader and deeper network. The B767-300F’s blend of…

ST Engineering selects PowerFleet

ST Engineering has selected PowerFleet industrial telematics solutions for the Maintenance Repair Operations (MRO) at its airframe facility in San Antonio. ST Engineering’s San Antonio facility will utilize PowerFleet’s telematics solutions to improve overall equipment visibility into its aerospace MRO operations, as well as an API tool to integrate data…

Intelsat and OneWeb sign new global distribution partnership

OneWeb and Intelsat have signed a global distribution partnership agreement to offer airlines a seamless inflight connectivity (IFC) solution. The partnership enables Intelsat to distribute OneWeb’s low Earth orbit (LEO) satellite services to airlines worldwide, coupled with Intelsat’s IFC experience and existing geo-stationary (GEO) satellite service. The result is a…

airBaltic partners with DRCT to rollout NDC distribution offers

airBaltic is joining forces with travel tech partner DRCT to roll out New Distribution Capability (NDC) offerings to local and international markets. Travel sellers will now be able to book airBaltic NDC fares and personalised content through DRCT’s AI-powered products: DRCT Extension, DRCT Search and DRCT API. This strategic partnership…

HAECO ITM signs a long-term contract with Silk Way West Airlines

HAECO ITM has signed an exclusive contract with Silk Way West Airlines to provide inventory technical management support to the airline’s Boeing 747-8F fleet. The new agreement will run until 2029. Under the new agreement, Silk Way West Airlines will benefit from gaining access to HAECO ITM’s pool of components…

Willis Lease reports second quarter pre-tax income of $11.0 million

Willis Lease Finance Corporation has reported second quarter total revenues of $78.1 million. For the three months ended June 30, 2022, aggregate lease rent and maintenance reserve revenues were $60.9 million and spare parts and equipment sales were $6.8 million. Willis Lease reported increased total revenues in the second quarter…

Spirit AeroSystems reports second quarter 2022 results

Spirit AeroSystems reported revenue of $1.3bn for the second quarter of 2022 – up 26% on last year’s result. The company posted an operating loss of $105 million and a net loss of $122 million. “Like many other companies, this past quarter we experienced challenges with supply chain, staffing and…

Embraer reports second quarter 2022 results

Embraer has reported consolidated revenues of US$1,018.9 million at the end of the second quarter of 2022 (2Q22) representing a decrease of 9.9% over the year mostly driven by lower deliveries in Commercial and Defense & Security and partially offset by higher revenues in Services & Support. Net profit attributable…