Hong Kong Aviation Company (“HKAC”), a leading investor in the global aviation sector, has successfully completed the acquisition of the Allco Aviation business and assets from the Receiver of the Sydney, Australia based Allco Finance Group. The Allco Finance Group went into Receivership in November 2008. Financial terms of the transaction have not been disclosed. HKAC now owns interests in and will manage all relevant aircraft within the former Allco aviation portfolio.
Brussels Airlines to welcome Dorothea von Boxberg as new CEO
Currently Chairperson of the Executive Board of Lufthansa Cargo AG, Dorothea von Boxberg will shortly become the new CEO of Brussels Airlines. The appointment is subject to a pending resolution by the Board of Directors of SN Airholding. She is due to take up her new position on April 15 this year and will also