MRO News Archive

Maintenance, repair and overhaul news from around the world

Cargo

Aersale revenue down in Q1 2023

Aersale reported quarterly revenue of $78.3 million, down on the $122.8 million in the first quarter of 2022. The company reported net income of $5,000 compared to the $17.2 million for the prior-year period, with adjusted net income of $3.3 million versus $22.2...

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JAL to operate dedicated B767 freighters after 13 years

Japan Airline (JAL) is planning to re-introduce three Boeing 767-300ER Freighters in its fleet by the end 2023. The airline last flew the B767 freighters in 2010, almost 13 years back. The airline is planning to deploy the three dedicated freighters to East Asia. JAL...

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New China-UK cargo route announced

Shenzhen Sharing Express Logistic-Tech (SSELT) and European Cargo are to operate a freight route linking Chengdu Shuangliu International Airport and Bournemouth Airport on the south coast of Britain. The thrice-weekly flights will be on European Cargo’s converted...

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DHL reports falling air cargo revenue and volume

DHL reported a 18.7% year-on-year fall in air freight volume in the first quarter of 2023 (Q1 2023). Airfreight revenues decreased by 39.6% year on year to €1.7bn with profit was down 29.9% to €342m. Overall revenue was down to €20.9bn from €22.6bn in Q1 2022. The...

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ITA Airways announces SAF deal with DB Schenker

Flag carrier ITA Airways has hopped on the sustainable aviation fuel bandwagon by signing a first agreement under the Fly with SAF programme with logistics business DB Schenker Italy. The companies are to "join their forces to develop the use of sustainable aviation...

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SAS appoints new head of cargo

Scandinavian Airlines (SAS) is promoting Markus Ek from vice president global sales to chief executive of SAS Cargo. Ek, who is filling in as head of the SAS transformation office, will helm the cargo wing from August 1. “I am very pleased that Markus Ek has accepted...

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Magma Aviation announces opening of China cargo route

Avia Soluti0ns Group company Magma Aviation has started "regular scheduled flights to China". "The company’s China operations address a growing demand and broaden its access to customers in the APAC region," the company said, of the three to four times per week...

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Fitch downgrades Western Global Airlines

Fitch Ratings has downgraded Western Global Airlines’ (WGA) Long-Term Issuer Default Rating (IDR) to 'CCC-' from 'B-'. Fitch has also removed the IDR from Rating Watch Negative. Fitch has downgraded WGA's senior unsecured notes to 'CC'/'RR5' from 'B'/'RR3'. The rating...

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