Singapore Airlines passenger traffic rises 8.3 per cent in November
Singapore Airlines Group recorded an 8.3 per cent increase in passenger traffic for November 2024, carrying 3.3 million passengers across its network. The group’s passenger capacity grew 9.3 per cent compared to the same month last year, while its passenger load factor decreased slightly to 87 per cent. Singapore Airlines and its subsidiary Scoot achieved
Hanwha Aerospace names former Leonardo DRS executive as global defense chief
Hanwha Aerospace has appointed Michael Coulter as its Global Defense CEO to lead the company’s international defense initiatives. The newly created position will oversee the defense operations of Hanwha Aerospace and its subsidiaries, including Hanwha Ocean and Hanwha Systems. Coulter previously served as Senior Vice President of Corporate Business Development at Leonardo DRS and President
Moody’s lifts Embraer to investment grade status
Embraer has achieved investment grade status from Moody’s, marking the third major rating agency to upgrade the Brazilian aircraft manufacturer this year. The company’s credit rating was raised from Ba1 to Baa3 with a positive outlook. The upgrade follows similar moves by S&P Global Ratings in February and Fitch Ratings in September. “Our focus on
Aircraft leasing sector poised for stable 2025 despite challenges
The aircraft leasing industry faces a stable outlook for 2025, with strong travel demand and aircraft supply constraints expected to support solid financial performance, according to a new Morningstar DBRS report. Global air travel demand remains robust, driven by leisure travel and improving corporate bookings. “We expect continuing solid growth dynamics in global aviation along
Slovak military set to acquire Embraer transport aircraft
Slovakia has signalled its intention to purchase Embraer C-390 Millennium aircraft for its military transport requirements. The Slovak Ministry of Defense signed a Letter of Intent with Brazil’s Ministry of Defense to enhance industrial cooperation between the two nations. Formal steps toward acquiring three C-390 aircraft will begin in January 2025. “The C-390 is currently
Kazakhstan receives first A400M military aircraft
The Republic of Kazakhstan has received its first Airbus A400M military transport aircraft, marking a significant upgrade to the nation’s airlift capabilities. The aircraft was delivered to Almaty following a ferry flight from Airbus’ assembly facility in Seville, Spain. “The A400M is a game changer for the Kazakh Air Defense Forces, delivering unrivalled tactical and
