29 October 2018

IAG posts nine months results

International Consolidated Airlines Group (IAG) has presented Group consolidated results for the nine months to September 30, 2018. The company reported third quarter operating profit of €1,460 million before exceptional items (2017 restated: €1,450 million). Net foreign exchange operating profit impact for the quarter adverse €111 million. Passenger unit revenue for the quarter was up

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Graham Williamson leaves TAG Aviation to embark upon new quest

Graham Williamson, President of the Aircraft Management and Charter Division for TAG Aviation Europe, has made the decision to leave his position, effective end of October. Williamson has played a pivotal role in the development and success of TAG Aviation since he joined the organisation back in 2004 and has been catalyst to overseeing the

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North East Automotive alliance launch NEAA cluster link initiative, powered by Valuechain’s intelligent clustering platform iQluster

The North East Automotive Alliance (NEAA), have joined a growing list of industry associations to host their cluster on Valuechain’s new intelligent Business-to-business networking platform, iQluster, by launching their NEAA Cluster Link initiative. The NEAA Cluster Link, powdered by iQluster, is the first regional industry association to host their cluster on the platform, following effective

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CDB Aviation names Nick Hazeldine Chief Operating Officer

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., has appointed Nick Hazeldine as the company’s Chief Operating Officer. Hazeldine will begin his role in November 2018 and will be based in CDB Aviation’s recently opened global headquarters in Dublin. He is a seasoned aircraft leasing professional with more than

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ST Engineering to expand US aerospace MRO presence with new facilities

As part of capacity expansion for its aircraft maintenance, repair and overhaul (MRO) business in the US, ST Engineering is pursuing the development of a 655,000 ft² airframe MRO complex at the Pensacola International Airport in Pensacola, Florida. The development cost for the MRO complex is estimated at US$210 million (about S$290 million), of which

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Boeing opens first European manufacturing site – Sheffield, U.K.

Boeing has opened its first component factory in Europe, at Sheffield in the U.K. The premises will be used for the manufacture of actuation system components for the Boeing 737 and 767 jets from raw materials sourced in the U.K. Parts by the thousand will be produced each month, then shipped to Boeing’s Portland, Oregon

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CDB Aviation signs lease agreement for three A320neo aircraft with Bamboo Airways

CDB Aviation Lease Finance DAC (CDB Aviation), a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), have signed a lease agreement for three new Airbus A320-200neo aircraft with Vietnam’s new start-up carrier, Bamboo Airways. CDB Aviation is the first aircraft leasing company to lease new aircraft to the carrier. The agreement

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