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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

CHEVRON, DELTA AIR LINES, AND GOOGLE ANNOUNCE INTENT TO MEASURE SUSTAINABLE AVIATION FUEL EMISSIONS DATA, INCREASE INDUSTRY TRANSPARENCY

Chevron | September 08, 2021

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Chevron U.S.A. Inc., through its Chevron Products Company division (Chevron), Delta Air Lines (Delta), and Google today announced a memorandum of understanding (MOU) to track sustainable aviation fuel (SAF) test batch emissions data using cloud-based technology. Sustainable aviation fuel is produced from biofeedstocks that can reduce lifecycle carbon intensity significantly when compared to conventional jet fuel. The companies hope to create a common, more transparent model for an...

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GOGO TO ACCELERATE GROWTH IN PROFITABLE BUSINESS AVIATION SEGMENT

Gogo | September 01, 2020

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Gogo Inc. (NASDAQ: GOGO) ("Gogo") today announced it has entered into a definitive agreement to sell its Commercial Aviation (CA) business to Intelsat S.A. (OTC: INTEQ) ("Intelsat") for $400 million in cash, subject to customary adjustments. The Gogo Board of Directors has approved the transaction. Intelsat expects to finance the transaction utilizing cash on hand and borrowings under its $1 billion debtor-in-possession credit facility and has obtained support from key econom...

Read More

AVIATION TECHNOLOGY

THE HONDAJET IS THE MOST DELIVERED AIRCRAFT IN ITS CLASS FOR THE FIFTH CONSECUTIVE YEAR

Honda Aircraft Company | February 24, 2022

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Honda Aircraft Company announced that in 2021, the HondaJet was the most delivered aircraft in its class for the fifth consecutive year, based on data provided by the General Aviation Manufacturers Association (GAMA). During 2021, Honda Aircraft Company delivered 37 aircraft to customers globally. "I am humbled and honored that the HondaJet continues to be selected by our owners and operators as we expand our global fleet, Being the best-selling aircraft i...

Read More
news image

AEROMEXICO REACHES AGREEMENT WITH LESSORS

Grupo Aeromexico | September 22, 2020

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
news image

AVIATION TECHNOLOGY

CHEVRON, DELTA AIR LINES, AND GOOGLE ANNOUNCE INTENT TO MEASURE SUSTAINABLE AVIATION FUEL EMISSIONS DATA, INCREASE INDUSTRY TRANSPARENCY

Chevron | September 08, 2021

Chevron U.S.A. Inc., through its Chevron Products Company division (Chevron), Delta Air Lines (Delta), and Google today announced a memorandum of understanding (MOU) to track sustainable aviation fuel (SAF) test batch emissions data using cloud-based technology. Sustainable aviation fuel is produced from biofeedstocks that can reduce lifecycle carbon intensity significantly when compared to conventional jet fuel. The companies hope to create a common, more transparent model for an...

Read More
news image

GOGO TO ACCELERATE GROWTH IN PROFITABLE BUSINESS AVIATION SEGMENT

Gogo | September 01, 2020

Gogo Inc. (NASDAQ: GOGO) ("Gogo") today announced it has entered into a definitive agreement to sell its Commercial Aviation (CA) business to Intelsat S.A. (OTC: INTEQ) ("Intelsat") for $400 million in cash, subject to customary adjustments. The Gogo Board of Directors has approved the transaction. Intelsat expects to finance the transaction utilizing cash on hand and borrowings under its $1 billion debtor-in-possession credit facility and has obtained support from key econom...

Read More
news image

AVIATION TECHNOLOGY

THE HONDAJET IS THE MOST DELIVERED AIRCRAFT IN ITS CLASS FOR THE FIFTH CONSECUTIVE YEAR

Honda Aircraft Company | February 24, 2022

Honda Aircraft Company announced that in 2021, the HondaJet was the most delivered aircraft in its class for the fifth consecutive year, based on data provided by the General Aviation Manufacturers Association (GAMA). During 2021, Honda Aircraft Company delivered 37 aircraft to customers globally. "I am humbled and honored that the HondaJet continues to be selected by our owners and operators as we expand our global fleet, Being the best-selling aircraft i...

Read More