Abu Dhabi-based investment holding company Waha Capital PJSC has agreed to acquire a 50% stake in AerVenture Limited. The remaining fifty percent will be held by AerVenture’s current parent company AerCap. The parties have committed to a combined total equity investment in AerVenture of $270 million. The joint venture agreement was signed in Abu Dhabi, […]
Waha Capital agrees to acquire 50% stake in AerVenture Read More »
British based Virgin Atlantic Airways, has signed a firm contract to buy six Airbus A330-300 long-range aircraft, and is leasing a further four from AerCap. Deliveries are scheduled for 2011 and 2012. Virgin Atlantic has not yet selected the engine type.
Virgin Atlantic commits to ten new Airbus A330 aircraft Read More »
Air Canada has reached agreement on a collective agreement extension with CUPE that represents the airline’s approximately 6,700 flight attendants. The contract extension agreement, together with the pension moratorium agreement reached June 15th with CUPE, are subject to membership ratification. The airline has now concluded agreements on a cost neutral basis for collective agreement extensions
Air Canada reaches agreement with CUPE on collective agreement extension Read More »
Airbus signed a Memorandum of Understanding with the Industrial and Commercial Bank of China (ICBC), one of China’s leading banks, on cooperation in aircraft financing and leasing. Airbus and ICBC endeavour to share competence and experience to cooperate on aircraft financing and management activities, including structuring of operating and finance lease transactions as well as
Airbus and the Chinese bank ICBC sign MoU on aircraft financing solutions Read More »
BAE Systems today announced that executive director Walt Havenstein has decided to leave the Company. Walt has resigned as a director and Chief Operating Officer, BAE Systems plc and steps down as President and CEO, BAE Systems, Inc. with effect from 26 June 2009 and will leave the employment of BAE Systems, Inc. on 20
BAE Systems announces change in US leadership Read More »
Cargo B has signed a 5-year agreement for airframe and component support with Air France Industries (AFI) and KLM Engineering & Maintenance (KLM E&M) for its new B747’s-400. The agreement covers the performance of airframe A-checks, and maintenance and pooling for the aircraft’s components complemented with logistic support. In addition, AFI KLM E&M will assist
Cargo B selects AFI KLM E&M for airframe and component support Read More »
Eagle Aviation Europe s.a.s. signed a component maintenance and pooling agreement with Air France Industries (AFI) and KLM Engineering & Maintenance (KLM E&M) for its expanded 747-400 fleet. AFI KLM E&M will perform the maintenance support from its facilities in Amsterdam, Schiphol Airport. With a large stock of B747 components to ensure smooth and trouble-free
Aviation Europe sign 747-400 component contract with AFI KLM E&M Read More »
Lufthansa Technik Tulsa, a subsidiary of Lufthansa Technik AG, has been awarded a ten-year, multimillion-dollar contract to overhaul thrust reversers on a scheduled removal program on JetBlue Airways
JetBlue signs deal for thrust reverser overhauls Read More »
