Recaro wins seat deal from Southwest
February 05, 2024
Southwest Airlines has selected Recaro as seat supplier for a fleet of on-order Boeing 737 Max 8 jets. The German manufacturer says that its BL3710 economy seat will be installed on Max 8 jets scheduled for delivery from 2025. Fleets data shows that Southwest has on order 178 Max 8s and 300 of the in-development Max 7. The airline's fleet already includes 225 Max 8s plus 614 737NGs. Recaro notes that its US facility is located in Fort Worth, near Southwest's headquarters at Dallas Love Field airport. "It's been a long-term goal to work with our neighbours," states Recaro Aircraft Seating Americas general manager Sunitha Vegerla. Recaro chief Mark Hiller hails the deal as a "tremendous accomplishment" for the supplier.
Lufthansa seeking to upsize €2 billion revolver: source
February 02, 2024
Lufthansa is seeking to refinance and upsize its €2 billion ($2.17 billion) revolving credit facility. A source with knowledge of the situation says the German airline group wants to increase the volume of the facility to €2.2-2.3 billon. The Star Alliance member closed terms for the unsecured loan, its first RCF, in April 2022 with what it described as a "broad syndicate of international relationship banks". The agreement dictated that the facility would be available for three years with two one-year extension options. The source says Lufthansa is keen to extend the RCF.
Alliance Aviation Services promotes COO to CEO
February 02, 2024
Australia's Alliance Aviation Services, the parent company of Alliance Airlines, will promote chief operating officer Stewart Tully to chief executive from 1 March. Tully has worked in the aviation industry for 34 years, Alliance says, and has been with the charter carrier since 2015 when he joined as general manager – operations. The appointment will allow managing director Scott McMillan to concentrate on the company's strategy, corporate development, and growth plans. He has been holding the role of chief executive since previous chief Lee Schofield resigned for personal reasons in July 2022. Alliance Airlines operates 30 Embraer 190s, 21 Fokker 100s and 11 F70s.