Air and Travel NEWS

Citilink reports USD 67.8m in 2019 profit

Citilink, an Indonesian low-cost carrier, has reported a 2019 operating profit of USD 67.8 million, returning profitability for the Garuda Indonesia subsidiary, the company said. In 2018, the airline recorded an operating loss … Continue reading “Citilink reports USD 67.8m in 2019 profit”


Hanjin KAL re-elects chairman

Hanjin KAL, Korean Air parent company, has announced Walter Cho has been re-elected chairman by 57% of 3,600 shareholders who voted, with a collective equity stake of just under 85%, the company said. … Continue reading “Hanjin KAL re-elects chairman”


US DOT requires US airlines follow published rules to accept government aid

The US Department of Transportation (DOT) has announced US carriers must follow a published set of rules in order to accept government aid as a result of the financial difficulties resulting from the … Continue reading “US DOT requires US airlines follow published rules to accept government aid”


Berlin's Tegel airport to close temporarily to cut costs

The operator of Berlin´s Tegel airports has announced a temporary closure of Tegel Airport to access fresh capital to respond to impact of coronavirus crisis, the company said. FBB has proposed the Tegel … Continue reading “Berlin's Tegel airport to close temporarily to cut costs”


Airbus reduces wing production in UK, German facilities

Airbus has announced it plans to temporarily curtail wing production at its UK and German manufacturing plants, to align wing supply with demand at its final assembly lines, the company said. Production at … Continue reading “Airbus reduces wing production in UK, German facilities”


HAECO acquires Jet Engine Solutions engine shop

HAECO has announced the acquisition of Jet Engine Solutions (JES), an engine MRO firm based in Dallas, the company said. HAECO said the acquisition of JES complements the HAECO Global Engine Support business. … Continue reading “HAECO acquires Jet Engine Solutions engine shop”


Avcorp reports 2019 revenue of CDN 165m

Avcorp Industries Inc. (TSX: AVP) has announced revenue of CDN 164,770,000 in 2019, compared to CDN 170,710,000 in 2018, a decrease of CDN 1,323,000, in comparison to 2018, the company said. Financial results … Continue reading “Avcorp reports 2019 revenue of CDN 165m”


GEODIS to transport 1 bn face masks from China to France

GEODIS has announced the French government has commissioned the company to organize an emergency transport of 1 bn face masks from China to France over the next 14 weeks, the company said. In … Continue reading “GEODIS to transport 1 bn face masks from China to France”


Sovereign Plastics to manufacture PPE to support COVID-19 task forces

COMSovereign Holding Corp. (OTCQB: COMS) has announced that Sovereign Plastics, its newly-acquired domestic plastic and metal components manufacturing operation, has received a new customer contract for the rapid production of Personal Protective Equipment … Continue reading “Sovereign Plastics to manufacture PPE to support COVID-19 task forces”


FAA certifies Onboard Systems dual cargo hook kits for Bell 206L & 407 aircraft

Onboard Systems International, Inc. has announced that the FAA has STC-certified its Dual Cargo Hook Kits for the Bell 206L and 407 aircraft, the company said. These cargo hook systems meet the 14 … Continue reading “FAA certifies Onboard Systems dual cargo hook kits for Bell 206L & 407 aircraft”


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