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So far Jeff Peet has created 13625 blog entries.

FAA Proposes $134,475 Fine Against Vieques Air Link of Puerto Rico for Flights with Unqualified Pilots

Source: FAA The Federal Aviation Administration (FAA) proposed a $134,475 civil penalty against Vieques Air Link of Puerto Rico for allegedly conducting passenger flights with unqualified pilots. The FAA alleges that between July and August 2022 Vieques Air Link used pilots without appropriate certificates to operate 11 commuter flights in multiple twin-engine Britten-Norman aircraft. Vieques Air Link has 30 days to respond to the FAA after receiving the agency’s enforcement letter.

2022-12-28T18:01:15+02:00December 28th, 2022|AIRLINES, News, ORGANISATIONS|
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LAP Signs US$ 1,250 Million Financing Agreement for Lima Airport Expansion

Source: LAP Lima Airport Partners (LAP), part of the Fraport Group since 2001, signed a US$ 1,250 million project financing agreement for the infrastructure development in progress at Lima’s Jorge Chávez International Airport (LIM) in Peru. The financing is being provided by seven banks: BBVA, IDB Invest, KfW IPEX Bank, Mitsubishi UFJ Financial Group (MUFG), The Bank of Nova Scotia, Société Générale, Sumitomo Mitsui Banking Corporation (SMBC). Fraport’s and LAP’s finance teams managed the transaction, while SMBC acted as financial advisor. Fraport AG’s CFO, Prof. Dr. Matthias Zieschang, underscored the importance of the financing: “This is a landmark transaction. We are pleased by the continuous strong demand from the international capital markets for financing Lima Airport’s strategic development. More than [...]

2022-12-27T16:05:08+02:00December 27th, 2022|AIRPORTS, News|
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Eve Announces BNDES approval of $92.5 million line of credit to support eVTOL development program

Source: Eve Eve Air Mobility (“Eve”) (NYSE: EVEX; EVEXW) announced today the approval by the executive board of Brazil’s National Development Bank (“BNDES”) to support Eve’s eVTOL development efforts with two distinct credit lines, totaling $92.5 million. Both credit lines are expected to offer beneficial terms and conditions to Eve with a 12-year maturity and amortization grace period. The financing is subject to the negotiation and execution of definitive agreements between Eve and BNDES in connection with such credit lines, as well as the satisfaction of certain conditions to be set forth in such definitive agreements. The first credit line is expected to be granted by the Climate Fund (“Fundo Nacional Sobre Mudança Climática”, or “Climate Fund”). This is a BNDES program [...]

2022-12-27T16:03:24+02:00December 27th, 2022|MANUFACTURERS, News|
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Charlotta Wieland Appointed Interim CEO of Star Alliance

Source: Star Alliance Star Alliance is pleased to announce that Charlotta Wieland has been appointed as its Interim CEO with effect from January 1, 2023. She will take over from outgoing CEO Jeffrey Goh, who will be leaving the Alliance at the end of 2022 after six years at its helm. Ms Wieland will join Star Alliance on interim assignment from founding member carrier SAS – Scandinavian Airlines, where she is currently VP for Alliances & Industry Affairs.  She has served on Star Alliance’s Alliance Management Board for the past six years, and is also a member of the board’s Strategy Committee, which plays a key role in charting the direction of the Alliance. Ms Wieland has more than 25 [...]

2022-12-27T16:12:45+02:00December 27th, 2022|AIRLINES, News, ORGANISATIONS|
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2022: A Record Year for Pilot Production in the United States – Pilot Supply Continues to Outpace Demand

Source: ALPA The Air Line Pilots Association, Int’l (ALPA) today released updated data from the Federal Aviation Administration (FAA) showing that from January through November 2022, there were 8,805 commercial airline pilot certificates (ATP-MELs) issued, once again exceeding analyst forecasts and airline demand for new aviators—and putting the U.S. on pace to break pilot production records this year. In addition to the impressive pilot production numbers, there were a total of 86,774 certified flight instructors, roughly 10 percent more than at the end of 2019, further demonstrating that the commercial airline pilot pipeline remains strong and robust. “The pilot-production pipeline is strong, the aviation industry continues its recovery—and it has never been a better time to become a professional aviator,” said [...]

2022-12-27T16:18:59+02:00December 27th, 2022|News, ORGANISATIONS|
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OMA obtains short-term loans

Source: OMA Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA (NASDAQ: OMAB; BMV: OMA), announces that it has obtained short-term loans for an aggregate amount of Ps.1,200 million with HSBC México, Banco Nacional de México and Banco Santander México. Proceeds will be used to capitalize the group’s subsidiaries, for working capital and to strengthen the company’s liquidity. Loans mature in June 2023 and have an annual weighted average interest rate of TIIE + 86.7 basis points. With these loans, OMA continues to maintain a solid capital structure.

2022-12-27T15:58:58+02:00December 27th, 2022|AIRPORTS, News|
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Message from the ALTA CEO and President

By Jose Ricardo Botelho, CEO of ALTA and Adrian Neuhauser President of ALTA We are days away from the end of 2022. A year where aviation has brought us many satisfactions and reactivation results that exceeded our expectations, despite the extremely challenging environment shaped by the conflict in Europe and the macroeconomic environment in our region, which once again challenged us to be more flexible, to adapt our plans as we went along, and to do more with less. So much so that by September we had already surpassed the passenger traffic vs. pre-pandemic in Latin America and Caribbean with over 28.6 million travelers. In this 2022 we also managed to see each other in person, give each other a [...]

2022-12-26T06:34:43+02:00December 26th, 2022|Expert Opinions & Industry Trends|
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Operational improvements and greater comfort, privacy and spaciousness in the new Iberia A350 aircraft

Source: Iberia Iberia is the first airline to take delivery of Airbus aircraft with this new standard, with a reduction in weight and low-speed operational improvements The new Iberia A350s incorporate a new Business class seat with doors to give greater privacy to each customer, the seat when in flatbed mode is five centimetres longer than the previous ones Premium Economy Class provides added privacy thanks to the improvement of the headrests in the seat And the seats in the new Economy cabin are one centimetre wider and incorporate new storage for personal items The new IFE NEXT in-flight entertainment system boasts the latest Panasonic technology, a more modern, interactive, and intuitive design, 4K resolution, larger screens in Premium Economy and [...]

2022-12-26T06:43:35+02:00December 26th, 2022|AIRLINES, News|
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LAX takes delivery of first heavy-duty electric truck as airport transitions to all-electric fleet

Source: LAX Los Angeles World Airports has taken delivery of its first Class 8 heavy-duty electric vehicle, a Nikola Tre battery-electric vehicle (BEV). Los Angeles World Airports (LAWA) is proud to announce the arrival of its first heavy-duty battery-electric vehicle, marking a significant step in the airport's transition to a fully electric fleet. The Class 8 Nikola Tre battery-electric vehicle (BEV) semi-style tractor will be used to move paving equipment, transport construction materials and pull other heavy equipment at Los Angeles International Airport (LAX) worksites. LAWA is the first government entity to take delivery of a Nikola Tre BEV, which is part of the airport's ambitious plan to fully transition its vehicle fleet to all-electric. This also is the first [...]

2022-12-26T07:44:59+02:00December 26th, 2022|AIRPORTS, News|
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Aena launches the world’s largest duty-free shop tender with €18 billion in turnover

Source: Aena The tender doubles the number of lots to boost participation and promote competition among global operators The commercial space is more than 66,000 m2, which equates to more than seven football pitches The duration of the contract is increased up to 12 years, with the option of three annual extensions Aena has launched the world’s largest duty-free shop tender by turnover, the terms of which have been published today on the airport manager’s website. The expected turnover is €18 billion and includes 86 duty-free points of sale, plus a large number of additional premises dedicated to other categories, which, among all of them, will occupy an area of 66,000 square metres, or more than seven football pitches. “This [...]

2022-12-26T06:59:30+02:00December 26th, 2022|AIRPORTS, News|
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