by Dino D'Amore | Nov 7, 2022 | Cargo, Zone: Europe
The International Air Transport Association (IATA) released data for September 2022 global air cargo markets showing that air cargo demand had softened. IATA reported that the global demand fell 10.6% compared to September 2021 but continued to track at near...
by Dino D'Amore | Nov 4, 2022 | Maintenance, Zone: Europe
Atitech has finalised the acquisition of Alitalia E&M from Alitalia. The company reports that the EASA.IT 145.0026 Atitech certification has been extended including the Alitalia capabilities for line maintenance, base maintenance and shops. The EASA CAMO PART M...
by Dino D'Amore | Nov 4, 2022 | Technology, Zone: Americas
Bombardier has reported a strong third quarter with solid revenue of $1.5bn and a 20% year-over-year aftermarket increase to $372 million mostly due to increased flight hours and expansion of Bombardier’s service centres in strategic locations around the world....
by Dino D'Amore | Nov 4, 2022 | Technology, Zone: Europe
Rolls-Royce closed the first nine months of 2022 with £2.0bn cash along with £5.5bn in undrawn committed facilities. This included a £1bn five-year sustainability-linked loan, supported by an 80% guarantee from UK Export Finance (UKEF). In September 2022, Rolls-Royce...
by Dino D'Amore | Nov 4, 2022 | Technology, Zone: Americas
Joby Aviation closed the third quarter of 2022 with $1.1bn in cash and short-term investments to support operations. Net cash used in operating activities and purchases of property and equipment totaled $207 million in the first nine months of 2022, with $74 million...
