June 5, 2026

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World Finance Reviews

Florian van Vugt assumes new role of Corporate Finance Manager

Florian van Vugt assumes new role of Corporate Finance Manager

Thursday December 12, 2024

Air New Zealand will start testing the ALIA CX300 aircraft from April 2025 © BETA Technologies - Foto cargo versionAir New Zealand will start testing the ALIA CX300 aircraft from April 2025 © BETA Technologies - Foto cargo version
Air New Zealand is advancing its goal of introducing electric aircraft into its fleet with the announcement of a technical demonstrator programme using the battery-electric ALIA CX300 aircraft from April 2025. Manufactured by US partner BETA Technologies, the … Read More »

Korean Air finalises acquisition of Asiana Airlines, creating a regional aviation giant

Thursday December 12, 2024

After four years Korean Air has finally completed the take-over of Asiana AirlinesAfter four years Korean Air has finally completed the take-over of Asiana Airlines
Korean Air has completed its long-awaited acquisition of Asiana Airlines, solidifying its position as one of Asia’s largest carriers. The 1.8 trillion won (£1.1 billion) deal, which has been in progress for four years, is the longest airline merger in history… Read More »

GA-ATS delivers first Do228 NG aircraft to North America

Thursday December 12, 2024

Do228 NG aircraftDo228 NG aircraft
German aircraft manufacturer General Atomics AeroTec Systems GmbH (GA-ATS) has successfully delivered the latest Do228 NG aircraft. Following extensive modernisation at the OEM and MRO centre in Oberpfaffenhofen, Germany, this marks the first NG series aircraf… Read More »

Kazakhstan takes delivery of first Airbus A400M aircraft

Thursday December 12, 2024

The Republic of Kazakhstan has taken delivery of its first of two A400M aircraft © AirbusThe Republic of Kazakhstan has taken delivery of its first of two A400M aircraft © Airbus
Airbus Defence and Space has delivered the first Airbus A400M aircraft to the Republic of Kazakhstan, marking a pivotal development in the country’s tactical and strategic airlift operations. The initial aircraft, one of two A400Ms ordered by Kazakhstan, was o… Read More »

Eve, Signature Aviation to research ecosystem requirements for AAM ground operations

Thursday December 12, 2024

Eve Air Mobility and Signature Aviation will explore ecosystem requirements and ground services necessary for safe, efficient AAM operationsEve Air Mobility and Signature Aviation will explore ecosystem requirements and ground services necessary for safe, efficient AAM operations
Eve Air Mobility (Eve) and Signature Aviation (Signature), the largest network of private aviation terminals, have signed a memorandum of understanding (MoU) to explore the ecosystem requirements and ground services necessary for safe, efficient and scalable a… Read More »

First Trent 1000 MRO engine arrives at Rolls-Royce Dahlewitz facility

Wednesday December 11, 2024

The first Trent 1000 MRO engine has arrived at Rolls-Royce's Dahlewitz facilityThe first Trent 1000 MRO engine has arrived at Rolls-Royce's Dahlewitz facility
Rolls-Royce has announced the arrival of the first Trent 1000 engine for maintenance, repair and overhaul at its Dahlewitz facility in Germany. This marks a significant step in the company’s £55 million investment initiative to expand assembly, testing, and s… Read More »

ORIX Corporation unveils leadership changes and organisational reforms

Wednesday December 11, 2024

James Meyler (l) and John O'Donoghue (r)James Meyler (l) and John O'Donoghue (r)
ORIX Corporation has announced significant management changes and organisational reforms following its recent Board Meeting, set to take effect on January 1, 2025. Among the key changes is the promotion of James Meyler to Group Executive, ORIX Corporation, Jap… Read More »

Slovak Ministry of Defence takes steps towards procuring Embraer C-390 military aircraft

Wednesday December 11, 2024

the Slovak Defence Minister identified Embraer’s C-390 Millennium as the optimal choice for Slovakia’s future military transport needs.the Slovak Defence Minister identified Embraer’s C-390 Millennium as the optimal choice for Slovakia’s future military transport needs.
The Slovak Ministry of Defence has signed a letter of intent with its Brazilian counterpart, setting the stage for enhanced industrial cooperation between the two nations. During his visit to Brazil, the Slovak Defence Minister identified Embraer’s C-390 Mille… Read More »

FAA and EASA commit to advancing safe and secure civil aviation

Wednesday December 11, 2024

FAA Administrator Mike Whitaker (l) and Florian Guillermet, Executive Director of EASAFAA Administrator Mike Whitaker (l) and Florian Guillermet, Executive Director of EASA
The Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA) have signed a declaration of intent to deepen their collaboration in advancing safe and secure civil aviation activities. The renewed partnership the FAA and EASA wa… Read More »

SkySelect’s Procurement technology is ushering in the era of AI in aviation

Wednesday December 11, 2024

SkySelect has processed US$5 billion worth of aircraft parts transactions since its launch © ShutterstockSkySelect has processed US$5 billion worth of aircraft parts transactions since its launch © Shutterstock
In 2024, SkySelect’s Procurement AI entered the early majority adoption phase, marking a pivotal transformation in the aircraft materials procurement landscape. Numerous customers have embraced this innovative technology, signalling a shift in how transactions… Read More »

Alaska Airlines targets US$1 billion profit boost by 2027

Wednesday December 11, 2024

Alaska AirlinesAlaska Airlines
Alaska Airlines (Alaska) has unveiled an ambitious plan to achieve an additional US$1 billion in profits by 2027, leveraging its acquisition of Hawaiian Airlines and rising demand for premium travel. The announcement, made on Tuesday, December 10, caused a sur… Read More »

Cambodia Angkor Air to add ATR 72-600 aircraft to its fleet

Tuesday December 10, 2024

Cambodian Angkor Air will add three new ATR 72-600s to its fleet in 2025 © ATRCambodian Angkor Air will add three new ATR 72-600s to its fleet in 2025 © ATR
ATR, the manufacturer of regional aircraft, has announced the addition of three ATR 72-600 aircraft to the fleet of Cambodia Angkor Air, which will rebrand as Air Cambodia on January 1, 2025. The aircraft, procured by HNCAL (HNCA Aviation Financial Leasing Co…. Read More »

Avianca selects Honeywell avionics and APUs for A320neo fleet

Tuesday December 10, 2024

Avianca has opted for Honeywell's advanced avionics technologies and APUs for its new Airbus A320neo fleet © HoneywellAvianca has opted for Honeywell's advanced avionics technologies and APUs for its new Airbus A320neo fleet © Honeywell
Avianca, Colombia’s largest airline, has selected Honeywell to provide avionics technologies and mechanical systems for its new Airbus A320neo fleet. This decision is expected to improve operational efficiency and enhance pilot situational awareness, supportin… Read More »

SITA and Red Sea International Airport (RSI) partner for smart terminal solutions

Tuesday December 10, 2024

Red Sea International Airport (RSI) © SITARed Sea International Airport (RSI) © SITA
SITA will provide specialised airport systems for Saudi Arabia’s Red Sea International Airport‘s (RSI) new Main Terminal building. This collaboration builds on SITA’s prior work with RSI, including the successful implementation of technology in the airpo… Read More »

AMAC Aerospace joins Airbus ACJ Service Centre Network

Tuesday December 10, 2024

Tarek Muhiddin, COO of AMAC Aerospace Basel (l) and Chadi Saade, President of Airbus Corporate Jets (r) © AMACTarek Muhiddin, COO of AMAC Aerospace Basel (l) and Chadi Saade, President of Airbus Corporate Jets (r) © AMAC
AMAC Aerospace (AMAK) has reported its inclusion in Airbus Corporate Jets’ (ACJ) Service Centre Network (SCN) for its headquarters in Basel, Switzerland. This significant partnership extends AMAC’s renowned expertise in maintenance and VIP completion services … Read More »

Michael Rousseau elected new chairperson of Star Alliance Chief Executive Board 

Tuesday December 10, 2024

Theo Panagiotoulias (l) and Michael Rousseau (r)Theo Panagiotoulias (l) and Michael Rousseau (r)
Michael Rousseau, President and CEO of Air Canada, has been elected as the new Chairperson of the Star Alliance Chief Executive Board (CEB), succeeding Scott Kirby, CEO of United Airlines, who served in the role since December 2020. As Chairperson, Rousseau wi… Read More »

ExecuJet and Satys to launch aircraft paint facility in Dubai

Tuesday December 10, 2024

ExecuJet MRO Services Middle East (ExecuJet) part of Dassault Aviation, has entered into a memorandum of understanding (MoU) with Satys Aerospace to collaborate on aircraft livery services. This partnership includes the establishment of a state-of-the-art airc… Read More »

Air India expands Airbus fleet with orders for 100 new aircraft

Monday December 9, 2024

Air India has ordered ten A350 aircraft and 90 A320-family aircraft © AirbusAir India has ordered ten A350 aircraft and 90 A320-family aircraft © Airbus
Air India, under Tata Group ownership, has revealed an order for ten A350 wide-body aircraft and 90 single-aisle A320-family jets, solidifying its fleet modernisation plans. This latest order, already accounted for in Airbus’ 2024 orderbook, complements the su… Read More »

Lufthansa Technik to open state-of-the-art MRO facility in Portugal by 2027

Monday December 9, 2024

Image of Lufthansa Technic's new facility in Santa Maria da Feira, Portugal © Lufthansa TechnikImage of Lufthansa Technic's new facility in Santa Maria da Feira, Portugal © Lufthansa Technik
Lufthansa Technik is set to enhance its global MRO capacities with the construction of a cutting-edge facility in Portugal. Located in the Lusopark business park in Santa Maria da Feira, roughly 35 kilometres south of Porto, the plant is expected to be operati… Read More »

Nico Neumann becomes Co-CEO for Deutsche Aircraft

Monday December 9, 2024

Dave Jackson (l) and Nico Neumann (r) © Deutsche AircraftDave Jackson (l) and Nico Neumann (r) © Deutsche Aircraft
Regional aircraft manufacturer Deutsche Aircraft has announced the appointment of Nico Neumann as Co-CEO alongside current CEO, Dave Jackson. Neumann will guide Deutsche Aircraft through its next phase, delivering the D328eco® aircraft to market by 2027. This… Read More »

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