10 May 2017

Aergo Capital announces debt facility with Investec Bank

Aergo Capital has successfully closed a warehouse facility with Investec Bank to finance aircraft transactions. The facility will be used to raise senior debt against on-lease commercial aircraft still to be acquired. Commenting on Aergo’s financing activities, Stan Barnes, Chief Financial Officer of Aergo Capital, said, “We are delighted to diversify Aergo’s funding sources through …

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ALAFCO posts net profit of US$ 35.4m for first half of fiscal year 2017

Vice Chairman of the Board and Chief Executive Officer of ALAFCO Aviation Lease and Finance Company, Ahmad A. Alzabin, announced that the company recorded a net profit of KD 10.8 million (US$ 35.4m) for the first half of the financial year ending 30th September 2017 – a 78% increase from the same period of the …

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Airbus announces launch of Airbus Aerial at Dallas Xponential

At the Xponential trade show in Dallas, Texas, Airbus unveiled its new start-up, the commercial drone Airbus Aerial. With bases in both the U.S and Europe, the start-up’s business will be focused on developing new imagery services. According to Airbus, “These services will leverage the best software and aerospace technology from across the globe to …

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Southwest Airlines completes transition to Amadeus Altéa

During the course of three years, a team of more than 1,500 people from both Southwest and Amadeus collaborated to bring together multiple reservation system capabilities onto one common platform under the Altéa Suite of products. The new reservation system brings an array of features designed to allow Southwest to: optimize its flight schedule, including …

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Werner Aero Services welcomes Jimmy Lui to lead Asia Pacific business

Werner Aero Services released that Jimmy Lui has joined its team as Vice President and General Manager of Asia Pacific operations based in Singapore. He will be responsible for managing the daily operations and expanding Werner Aero Services’ imprint in Asia Pacific. The Asia Pacific market is incredibly important to Werner Aero Services and it …

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Rolls-Royce continues to provide service support for Turkish Airlines’ expanding fleet

Rolls-Royce is providing TotalCare service support for Trent 700 engines that power seven Airbus A330 aircraft included in the extensive fleet of Turkish Airlines. The last of those seven aircraft was delivered to the airline on May 10, bringing the airline’s total number of Trent 700-powered A330s to 27. All are supported by TotalCare, the …

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Korea Airports Corporation selects Rockwell Collins passenger processing solution for 14 airports

Korea Airports Corporation (KAC) has selected Rockwell Collins’ ARINC vMUSE common use passenger processing solution (CUPPS) for 14 South Korean airports nationwide. In 2016, KAC airports handled 62 million passengers traveling on approximately 380 thousand domestic flights. The South Korean aviation industry is experiencing significant growth, with average annual increases of 6.7% for flights and …

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Emirates SkyCargo and Cargolux sign cargo partnership agreement

Emirates SkyCargo and Cargolux Airlines have signed a Memorandum of Understanding (MoU) on May 9, for a strategic operational partnership in air cargo transportation. This unique and ground breaking agreement, the first of its kind in the air cargo industry between a mainline airline and a specialised freighter operator, will allow cooperation between two carriers …

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