The European Union (EU) are looking to revive recommendations from French investigators after the crash of an Air France jet in the Atlantic in 2009 and are also acting as a result of the disappearance of Malaysia Airlines flight MH370 in March 2014 while efforts by global regulators and the airline industry to agree on […]
EU move forward with mandatory flight-tracking Read More »
FLY Leasing has contracted to sell 12 older aircraft from its portfolio for US$240m. The sale is anticipated to produce a US$12m pre-tax gain. In connection with the transaction, FLY anticipates recording US$3m in non-cash charges relating to debt modification and extinguishment costs. The aircraft will transfer individually to the new owner, with all transfers
FLY Leasing sells older aircraft, continuing fleet renewal strategy Read More »
A City Airways (Thailand) leased 737-400 Reg. HS-GTG is to be repossessed by lessor Logistic Air, 3 months after the lease commenced. Logistic Air, has begun repossession procedures due to non-payment of monthly dues by City Airways. Logistic Air, has become the third lessor in a 2-year period to take action to repossess an aircraft
City Airways' leased 737-400 to be repossessed by lessor Logistic Air Read More »
Global aerospace integrator GA Telesis has signed a partnership agreement with military support services provider Horizon Shield Company. The venture will focus on developing business opportunities in the Kingdom of Saudi Arabia. Connecting the commercial and defense aerospace expertise of GAT and the defense services expertise of Horizon. GAT and Horizon are expected to become
Hong Kong Aviation Capital (HKAC) established a new leasing relationship with Indonesia’s largest low cost carrier Lion Air, delivering two Boeing 737-800s aircraft on long term leases.
Hong Kong Aviation Capital to lease two Boeing 737-800 aircraft to Lion Air Read More »
Southwest Airlines (LUV) announced a new tentative agreement with the Southwest Airlines Pilots’ Association (SWAPA), the Union that represents the Company’s Pilots. SWAPA’s Board of Directors reviewed an Agreement in Principle that negotiators reached earlier this month and decided to conduct a ratification vote that could end more than three years of negotiations. The Company
Southwest Airlines and pilots reach tentative agreement Read More »
