March 10, 2016

Kingfisher boss Vijay Mallya targeted in Indian bank debt shake up

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With Indian banks struggling to deal with approximately US$120 billion in bad debts, demands from authorities to clean up their balance sheets has seen heightened efforts to recover US$1.40 billion from former carrier Kingfisher Airlines, which ceased operations in October 2012, leaving a string of debts behind it. The airlines debts were guaranteed by the […]

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LATAM Airlines Group post 2015 net loss of US$219.3m

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LATAM Airlines Group reported operating income of US$149.2m for the fourth quarter of 2015 and US$513.9m for full year 2015. Operating margin reached 6.2% for the quarter and 5.1% for the full year, slightly above the upper bound of the guidance provided by the Company and 1.0 p.p. above the operating margin reached during full

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PACAVI Group Airbus A320 passenger-to-freighter conversion program progressing on schedule

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The PACAVI Group is moving forward with the supplemental type certificate (STC) development for their first-to-market Airbus A320/A321 passenger-to-freighter conversion. PACAVI Group CEO Dr. Stephan Hollmann commented on the program’s status: “Our STC program, started in January 2015, is progressing on schedule, as well as the conversion of our prototype A320 Freighter LITE at the

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Frankfurt Airport reports new monthly traffic passenger record

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Serving nearly four million passengers in February 2016, Frankfurt Airport (FRA) registered growth of 3.8% year-on-year – an increase of 134,000 passengers compared to the previous record February month posted in the 2008 leap year. Without the extra leap day, figures would have remained at the same level as last year. Accumulated Maximum takeoff weights

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Air Transport Services Group confirms deal with Amazon to lease 20 Boeing 737 freighter aircraft

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Air Transport Services signed agreements with Amazon Fulfillment Services, an affiliate of Amazon.com, to operate an air cargo network to serve Amazon customers in the United States. The commercial agreements will include the leasing of 20 Boeing 767 freighter aircraft to Amazon Fulfillment Services, by ATSG’s Cargo Aircraft Management (CAM), the operation of the aircraft

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Avtrade completes purchase of two Boeing 737-700 aircraft

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Avtrade announced the purchase of two serviceable Boeing 737-700NG aircraft (MSN 28088 and MSN 28089). These aircraft are the first aircraft to be acquired by Avtrade in 2016 and represent Avtrade’s continued support of its worldwide NG customer base. Currently based in Tucson, Arizona, components from both aircraft will be parted out to increase inventory

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Matthew Petzold joins SmartSky Networks as CFO

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SmartSky Networks, a next-generation airborne communications provider, reported that Matthew Petzold has joined the company as Chief Financial Officer. Petzold’s successful track record in operations, fundraising, mergers and acquisitions positions him to add important strategic value to SmartSky in this key leadership role.

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Ameco secures engine contract from Ethiopian Airlines

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Ameco and Ethiopian Airlines have signed a contract for engine services. According to the three-year contract, Ameco will provide engine repair and overhaul services on PW4000s that powering the African carrier’s Boeing 767 fleet. Currently, the first engine is under repair in the workshop of Ameco’s Beijing base. Ameco and Ethiopian Airlines started cooperation in

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Jet Aviation to acquire Los Angeles-based Avjet Corporation

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Jet Aviation is expanding its aircraft management and charter services on the U.S. West Coast with the acquisition of Avjet Corporation, a global jet charter and management company based in Los Angeles, CA. “Avjet’s 37-years of experience in aircraft management and charter services and impressive fleet of 45 aircraft makes it the perfect complement to

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Lufthansa Technik enters into new long-term agreement with Tigerair Taiwan