Weekly Newsletter - 27th June 2024

Caerdav?Expands with new Line Maintenance at St. Athan?

Caerdav will open a third maintenance line at its St Athan base, expanding its in-house capabilities and supporting business growth. After extensive remodeling of one hangar to accommodate an additional Boeing 737 or Airbus A320, the new line will boost Caerdav’s maintenance capacity by 50%. Scheduled to open later this year, available slots are already booking up. The company is recruiting about 50 new technical staff to support the increased workload Read more…

Finnair completes €200M Long-Haul Cabin renewal

Finnair has completed its 200 million euro long-haul cabin renewal, with all long-haul aircraft now refurbished. The project introduced a new Business Class seat, a Premium Economy cabin, and a refreshed Economy Class. Launched in 2022, this state-of-the-art cabin has been installed on Finnair’s entire A350 and A330 fleet. Consequently, customers can now enjoy a consistent Finnair experience on all long-haul routes from Helsinki to the US, Middle East, and Asia. Read More….

SITA acquires ASISTIM, enhancing Airline Operations services

SITA, the leading technology provider for air transport, has entered the operations-as-a-service market. It acquired ASISTIM, renowned for airline flight operations services. This strategic move highlights SITA’s continuous pursuit of innovative solutions to help airlines manage challenges and enhance air travel for everyone. This deal strengthens SITA’s position as a top partner for ambitious airlines, offering comprehensive solutions regardless of size or passenger volume. Read more …

SMBC Aviation Capital secures $1.5 Billion Syndicated Financing

SMBC Aviation Capital, a prominent aircraft leasing company, has successfully secured a 5-year global syndicated finance facility, raising US$1.5 billion from 29 financial institutions. This deal marks a significant achievement in the company’s efforts to diversify its banking relationships, with 40% of the funding originating from new lenders. Moreover, the facility boasts a 75% revolving credit capacity, providing substantial operational flexibility for SMBC Aviation Capital. Read More….

Rolls-Royce leads development of Hydrogen Combustion engine

Rolls-Royce?in collaboration with a consortium of five entities and research institutions, has initiated the?development of necessary technologies for a highly efficient first-of-a-kind hydrogen combustion engine to drive combined heat and power (CHP) systems. Read more…

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