Aviation engineering and leasing news

Avolon raises $750 million from new credit facility

18/06/2024 2 minute read
Written by: Nick Harding

Dublin, Ireland-based leasing specialist Avolon has raised $750 million from a new credit facility with a syndicate of seven banks. Avolon which specialises in next-generation airliner leasing such as the A320neo family will extend the lessor’s lending capacity providing more opportunities in the airline sector. The latest credit line, which [read more]

Former Airbus Broughton head awarded OBE in King’s Birthday Honours

15/06/2024 2 minute read
Written by: Nick Harding

The former head of Airbus’ wing manufacturing facility in Broughton, North Wales has been awarded an OBE for services to Welsh Industry in the King’s Birthday Honours List 2024. Paul McKinlay oversaw the Flintshire site’s growth into a global manufacturing site which builds the wings for all Airbus airliners, except [read more]

Airbus delivers 53 aircraft in May 2024

06/06/2024 < 1 minute read
Written by: Nick Harding

European aerospace giant Airbus delivered 53 aircraft to 34 customers in May 2024 maintaining its strong delivery record for the year. Wide-body deliveries included four Airbus A350s (3x -900 1x -1000) to customers including Turkish Airlines, Lufthansa, Virgin Atlantic and Air France. Two A330-900s were also delivered to ITA Airways [read more]

British Airways Boeing 777-200 G-VIIB (Image: UK Aviation Media)

Virgin and BA call for ‘radical collaboration’ on sustainable aviation

26/05/2024 2 minute read
Written by: Nick Harding

Virgin Atlantic and British Airways have together called for “radical collaboration” between Government, aviation fuel providers and the wider aviation industry to help the industry reach its net-zero target of 2050. The call came at the recent Sustainable Skies Summit 2024, held at Farnborough International Exhibition & Conference Centre, during [read more]

Saudia Group orders an additional 105 A320neo family aircraft

Saudia places big additional Airbus A320neo family order

20/05/2024 2 minute read
Written by: Nick Harding

Saudia Group, which operates Saudi Arabia’s flag carrier Saudi as well as budget airline flyadeal, has placed an order for an additional 105 singe-aisle A320neo family airliners with European airframer Airbus. Announced at the Future Aviation Forum in Riyadh, the deal adds to the 144 aircraft already on the books [read more]

Airbus A350-900 (Image: Nick Harding / UK Aviation Media)

Airbus delivers 61 aircraft in April to 33 customers

12/05/2024 < 1 minute read
Written by: Nick Harding

European aerospace giant Airbus delivered 61 airliners to 33 customers around the globe in April 2024 bringing year to date deliveries to 203. April saw primarily A320 family deliveries with 22 Airbus A320neo and 29 A321neo airliners being delivered to customers including easyJet, Wizz Air and British Airways. Other single-aisle [read more]

Boeing demonstrated the 787-8 with a near vertical take-off (Image: UK Aviation Media)

Boeing facing fresh probe after admitting it may not have inspected 787s properly

06/05/2024 < 1 minute read
Written by: Nick Harding

US plane maker Boeing is facing fresh probes from the Federal Aviation Administration (FAA) after it admitted it may have not inspected Boeing 787 Dreamliners properly. The investigation will look at whether staff falsified records about aircraft rolling off the production 787 production line forcing Boeing to reinspect all current [read more]

IndiGo places order for 30 Airbus A350s

06/05/2024 2 minute read
Written by: Nick Harding

India’s largest airline, IndiGo has placed a firm order with Airbus for 30 Airbus A350 widebodies as it looks to expand its international long-haul network. The order comes ahead of an expected boom in international travel from India which is already the fastest growing aviation market in the world. IndiGo’s [read more]

Avolon reports 91% increase in net income

02/05/2024 < 1 minute read
Written by: Nick Harding

Aviation leasing specialist Avolon has reported Quarter 1 results that show a year on year increase in net income of 91%. The Dublin based company specialises in leasing airliners to carriers around the globe with a fleet of 577 aircraft in service. During Q1 Avolon delivered 9 new aircraft and [read more]

Turkish Airlines unveils partnership with Airbus and Rolls-Royce

01/05/2024 2 minute read
Written by: Nick Harding

Turkiye’s flag carrier Turkish Airlines has unveiled a new initiative with Airbus and Rolls-Royce in a bid to strengthen Turkiye’s role in the aerospace industry. Unveiled at a meeting at Turkish Airlines headquarters in Istanbul the new initiative, known as Strategic Türkiye Enhanced Programme (STEP), will create highly skilled jobs [read more]