1 December 2014

VLM Airlines joins IATA

VLM Airlines joined IATA, the global trade association for the airline industry, in a move that reinforces the Belgian operator’s plans to launch regional scheduled services in 2015. Arthur White, CEO of VLM Airlines, says: “As we expand into scheduled services, building on our established ACMI and charter operations, IATA membership makes perfect sense. No […]

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Deutsche Bahn announce intent to sue airlines over 1999-2006 cargo price fixing practises

Back in November 2010, 11 airlines were fined by the European Commission for fixing the price of air cargo between 1999 and 2006. The fines totalled €800m, ranging from €339.6 for Air France-KLM (including Martinair) to €8.2m for LAN Chile. The maximum fine was based on 10% of 2009 turnover for each airline. Interestingly, at

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Rolls-Royce invests in UK military engine support capability

Rolls-Royce has announced an £18m investment in Bristol, UK, to support the TP400 engine. The TP400, produced by the Europrop International engine consortium in which Rolls-Royce is a senior partner, powers the Airbus A400M military transport aircraft which has just entered service with the UK’s Royal Air Force (RAF). The investment will fund the provision

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PAS Technologies Ploiesti, Romania location acquires AS9100 certification

PAS Technologies’ Ploiesti, Romania operation has acquired AS9100, a prestigious certification verifying that a facility has established a Quality Management System (QMS) that conforms with the Aerospace Quality Management System and the International Quality System Standards. Specializing in serving customers in the oil and gas (O&G) markets, the PAS Ploiesti facility has expanded its capabilities

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Investec Bank signs lease agreement with Thailand's Nok Air for Q400 NextGen aircraft family

Bombardier Commercial Aircraft officially welcomed Investec Bank to the family of Q400 aircraft lessors as Thai premium low-cost carrier Nok Air and the international bank and asset manager closed the sale and leaseback of two extra capacity Bombardier Q400 NextGen airliners. The 86-seat aircraft recently joined the carrier’s fleet as part of a purchase agreement

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Brazilian airline Azul complements fleet with A320s for domestic long haul flights

Azul Brazilian Airlines has signed a purchase agreement for 35 A320neo Family aircraft. The airline, which is also leasing another 28 A320neo aircraft, has chosen the A320neo Family to carry out domestic long haul flights and high density routes, including Campinas – Salvador and Campinas – Recife. For Azul, an important driver for selecting the

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Aviation Finance Company Parent Stellwagen buys stake In Volito Aviation Services

Stellwagen Finance Company, the parent company of Aviation Finance Compan (AFC) of Dublin, Ireland announced the purchase of Volito Aviation Services A.B. (VAS) of Sweden together with its Irish subsidiary. The acquisition will be completed in two stages and the first stage is now completed. This acquisition represents another step in the evolution of AFC’s

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