22 June 2009

Aviation Europe sign 747-400 component contract with AFI KLM E&M

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

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Cargo B selects AFI KLM E&M for airframe and component support

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

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Airbus and the Chinese bank ICBC sign MoU on aircraft financing solutions

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

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Air Canada reaches agreement with CUPE on collective agreement extension

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

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Waha Capital agrees to acquire 50% stake in AerVenture

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,

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