Cabo Verde Airlines has appointed Erlendur Svavarsson as the new chief executive officer (CEO), replacing Jens Bjarnason, who has served the position since the beginning of 2019.
Svavarsson has been appointed CEO as part of the ongoing management agreement between Loftleidir Icelandic and Cabo Verde Airlines. Majority shareholder Loftleidir Cabo Verde holds 51 percent of the shares of Cabo Verde Airlines.
Siginon Aviation is pleased to announce a renewal on the standard ground handling agreement (SGHA) with Cargolux in its operations at the Nairobi’s Jomo Kenyatta International Airport (JKIA).
The global aviation high speed motor market size is projected to reach USD 3.74 billion by 2028, exhibiting a CAGR of 5.62% during the forecast period.
According to a recent report by Fortune Business Insights™, titled “Aviation High Speed Motor Market, 2021-2028”, the value of the market was estimated to be USD 2.33 billion in 2020.The sudden arrival of the COVID-19 pandemic has caused unprecedented upheavals in the aviation industry, shocking the aviation high speed motor market growth.
The principal factor for the negative impact of the pandemic on this market is the revenue shortfalls experienced by motor manufacturing companies when major economies, such as India and Japan, underwent lockdowns from March 2020 onwards.
Siemens, for instance, witnessed a 59.5% rise in its third-quarter earnings in 2020, triggered by the shutdown of its factories and plants.Sydney Seaplanes, Dante Aeronautical, and MagniX Announce Exciting PartnershipDante Aeronautical, Sydney Seaplanes, and MagniX announced a path-breaking partnership in December 2020, under which the companies will co-develop the world’s first-ever Electric Cessna Caravan Supplemental Type Certificate (STC) program.
Leveraging MagniX’s aviation high speed motor propulsion system, Dante and Sydney will convert the Cessna Caravan into a fully-electric aircraft that will be certified by the Australian Civil Aviation Safety Authority.
Set to be completed by 2023, the STC will position Sydney Seaplanes as an undisputed leader in electric aircraft operations, and Dante as the technology integrator, across Australia, New Zealand, and the South Pacific.Increasing Deployment of UAVs for Military Operations to Fuel the MarketAviation high speed motors are the most important components in powering unmanned aerial vehicles (UAVs).
Azerbaijan Airlines (AZAL), the flag carrier of Azerbaijan today launched its direct flight linking Baku to New Delhi.https://www.itln.in/azerbaijan-airlines-to-launch-direct-flight-from-baku-to-new-delhi-in-june-aviation