14 November 2016

Jaan Albrech becomes CEO of Saudi Arabian Airlines

Saudi Arabian Airlines has appointed Jaan Albrecht as the Chief Executive Officer of Saudia Air Transport Company (Saudia). Mr. Albrecht will be joining the airline at the beginning of January 2017 reporting directly to the Director General, Engr. Saleh N. Al-Jasser. Mr. Albrecht holds dual Mexican and German citizenships and fluently speaks English and Spanish. […]

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Etihad Airways Engineering and Airbus sign MoU to develop A380 MRO Services in Abu Dhabi

Etihad Airways Engineering and Airbus have signed a Memorandum of Understanding (MOU) to work jointly on the development of a new A380 MRO Services offering. With this partnership Airbus and Etihad Airways Engineering will combine their respective skills to offer the market a value-adding MRO service solution for worldwide A380 operators, starting in 2017. The

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ViaSat acquires Ireland-based Arconics

ViaSat Inc. has announced that it has acquired Arconics, an innovative provider of software solutions to the aviation industry. Through this acquisition ViaSat, a global broadband services and technology company, acquires further expertise, aviation-grade software and mobile applications to make flying safer and more efficient for pilots, cabin crews and flight operations teams. The Arconics

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Trine Aero secures dealership agreement with L-3 Avionics Systems

Trine Aero have secured a dealership agreement with L-3 Avionics Systems. The new agreement will continue to expand the company’s growing avionics capabilities. Trine Aero, a full-service provider of aviation and aerospace products and services, can now offer an expanded scope of services to their customers as an Authorized Dealer of L-3 Avionics Systems. These

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AerFin completes sale of one Embraer 170 aircraft to Peoples Viennaline

AerFin has sold one Embraer 170 aircraft, MSN 0093, to Austrian operator People’s Viennaline. MSN 0093 enters People’s Viennaline regional operation as the second aircraft supporting the operator’s links between Altenrhein and Vienna providing 23 weekly flights. Latest route extensions include Altenrhein – Friedrichshafen and Cologne Bonn which commenced on 2nd November. The airline will

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DVB Bank posts consolidated net loss before taxes of €27.3m for the first nine months of 2016

Underscoring the continued focus on its core international transportation markets, DVB closed a total of 102 transactions generating €4.2bn in robust and valuable new business volume (previous year: 137 transactions with a volume of €5.0bn). Net interest income rose to €168.4m (previous year: €151.6m). New business in Aviation Finance and Land Transport Finance continued to

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BOC Aviation signs lease agreement for five new Airbus A321 aircraft with Juneyao Airlines

BOC Aviation has signed lease agreements for five new Airbus A321-200 aircraft with Juneyao Airlines. All five aircraft are scheduled for delivery to Juneyao in 2017. Juneyao Airlines is a subsidiary company of Shanghai Juneyao (Group), one of China’s Top 100 Private Companies. Shanghai is the operating and maintenance base of JuneYao Airlines whose hubs

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KLM signs agreement for AerData software and services

AerData, a Boeing Company, and KLM have signed an agreement for AerData’s Secure Technical Records for Electronic Asset Management (STREAM) and Engine Fleet Planning And Costing (EFPAC) software and managed services. AerData’s software and services improve efficiencies and enhance competitiveness for customers, including some of the world’s largest airlines, lessors and MROs. EFPAC is a

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