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AEROMEXICO REACHES AGREEMENT WITH LESSORS

Grupo Aeromexico | September 22, 2020

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Grupo Aeroméxico, S.A.B. de C.V. today announced that the Company received approval by the United States Bankruptcy Court for the Southern District of New York to modify the majority of its existing aircraft equipment leases into power by the hour agreements ("PBH Agreements") that will substantially reduce Aeromexico's monthly aircraft and engine costs for the duration of the PBH period. PBH Agreements allow for Aeromexico to reset monthly lease costs based on utilization o...

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AVIATION TECHNOLOGY

SIERRATRAX IS ACQUIRED BY JSSI, WHICH ADDS AIRCRAFT MAINTENANCE TRACKING SOFTWARE TO ITS SUITE OF DIGITAL SERVICES

JSSI, SierraTrax | June 30, 2021

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Jet Support Services, Inc. (JSSI), the premier independent supplier of business aviation maintenance support and financial services, announced today the purchase of SierraTrax, a pioneer in aircraft maintenance tracking. SierraTrax, via its modern technology interface, offers maintenance tracking software for commercial airplanes all around the globe. The SierraTrax platform is widely utilized by Cessna, Beechcraft, and Hawker operators as a Textron Aviation approved supplier of m...

Read More

JETBLUE PLANNING LAYOFFS AND OUTSOURCING POSITIONS AT SMALLER AIRPORTS

JetBlue | June 17, 2020

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An internal JetBlue Airways memo obtained by Business Insider details a plan for the airline to begin laying off workers on Oct. 1, 2020, and outsourcing some positions at smaller airports. The Oct. 1 date is key, not only for JetBlue but all U.S. carriers – it’s the day when airlines become unshackled from the provisions of accepting government grants and loans as part of the CARES Act stimulus package. The government stipulated that airlines who accepted the money must keep staffin...

Read More

BUSINESS AVIATION

SAFRAN AND ALBANY INTERNATIONAL EXTEND STRATEGIC COOPERATION ON ADVANCED COMPOSITES

Saran | November 30, 2021

news image

Safran Aircraft Engines, a world leading engine manufacturer, and Albany International Corp. (NYSE: AIN), a leading developer and manufacturer of engineered composite components, today announced an agreement extending their partnership to the year 2046. Through this new agreement, the two companies declare their intent to work together on the next generation engines and thus contribute to the 2050 net-zero CO2 emissions commitment of the aviation industry. Albany International and...

Read More

Grupo Aeromexico | September 22, 2020

news image

AEROMEXICO REACHES AGREEMENT WITH LESSORS

Grupo Aeroméxico, S.A.B. de C.V. today announced that the Company received approval by the United States Bankruptcy Court for the Southern District of New York to modify the majority of its existing aircraft equipment leases into power by the hour agreements ("PBH Agreements") that will substantially reduce Aeromexico's monthly aircraft and engine costs for the duration of the PBH period. PBH Agreements allow for Aeromexico to reset monthly lease costs based on utilization o...

Read More

AVIATION TECHNOLOGY

JSSI, SierraTrax | June 30, 2021

news image

SIERRATRAX IS ACQUIRED BY JSSI, WHICH ADDS AIRCRAFT MAINTENANCE TRACKING SOFTWARE TO ITS SUITE OF DIGITAL SERVICES

Jet Support Services, Inc. (JSSI), the premier independent supplier of business aviation maintenance support and financial services, announced today the purchase of SierraTrax, a pioneer in aircraft maintenance tracking. SierraTrax, via its modern technology interface, offers maintenance tracking software for commercial airplanes all around the globe. The SierraTrax platform is widely utilized by Cessna, Beechcraft, and Hawker operators as a Textron Aviation approved supplier of m...

Read More

JetBlue | June 17, 2020

news image

JETBLUE PLANNING LAYOFFS AND OUTSOURCING POSITIONS AT SMALLER AIRPORTS

An internal JetBlue Airways memo obtained by Business Insider details a plan for the airline to begin laying off workers on Oct. 1, 2020, and outsourcing some positions at smaller airports. The Oct. 1 date is key, not only for JetBlue but all U.S. carriers – it’s the day when airlines become unshackled from the provisions of accepting government grants and loans as part of the CARES Act stimulus package. The government stipulated that airlines who accepted the money must keep staffin...

Read More

BUSINESS AVIATION

Saran | November 30, 2021

news image

SAFRAN AND ALBANY INTERNATIONAL EXTEND STRATEGIC COOPERATION ON ADVANCED COMPOSITES

Safran Aircraft Engines, a world leading engine manufacturer, and Albany International Corp. (NYSE: AIN), a leading developer and manufacturer of engineered composite components, today announced an agreement extending their partnership to the year 2046. Through this new agreement, the two companies declare their intent to work together on the next generation engines and thus contribute to the 2050 net-zero CO2 emissions commitment of the aviation industry. Albany International and...

Read More

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C-Suite On Deck

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Feature market insights and perspectives from top C-Level executives, elite technology influencers and thought leaders from your company here. This signature initiative has garnered immense support...

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