5 November 2018

Norwegian Air Shuttle ASA to sell five A320neo aircraft

Arctic Aviation Assets, a subsidiary of Norwegian Air Shuttle ASA, has signed an agreement for sale of five Airbus 320neo aircraft. The aircraft are currently leased out and thus not operated by the Company. Delivery will take place during the fourth quarter of 2018. The transaction is expected to increase the Company’s liquidity by USD

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Oriens Aviation and London Biggin Hill Airport welcome Jetfly’s new Pilatus PC-24

Oriens Aviation, the exclusive British Isles Pilatus Centre and sales distributor for the PC-12, and London Biggin Hill Airport have welcomed Jetfly’s Pilatus PC-24 (LX-PCA) on 18th October, as part of the fractional operator’s European tour. The Luxembourg-based operator, European launch customer of the PC-24, flew in the first of its four newly-accepted versatile light

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Exostar adds Philip E. Goslin to Board of Directors

Exostar, a leader in trusted, secure business collaboration in aerospace and defense (A&D), life sciences, and healthcare, has announced that Philip E. Goslin has joined its Board of Directors. Goslin currently serves as vice president of Global Supply Chain for Lockheed Martin’s Rotary and Mission Systems (RMS) business area, which comprises more than 1,000 programs

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Japan Air Commuter renews Power-by-the-Hour Service with C&L Aerospace

C&L Aerospace, a C&L Aviation Group company, has renewed an agreement with Japan Air Commuter (JAC) to provide power-by-the-hour services for its fleet of Saab 340 aircraft. The multi-year contract includes rotable inventory, landing gear and more, and will cover JAC’s fleet of Saab 340 aircraft. This agreement is a continuation of an original agreement,

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ORIX acquires 30% stake in Avolon with enterprise value of US$23.7 billion

Avolon, the international aircraft leasing company, has released that ORIX Corporation (ORIX), through its wholly owned subsidiary ORIX Aviation Systems, has completed the acquisition of a 30% stake in Avolon from Bohai Capital for US$2.2 billion, based on a March, 31, 2018 NAV. The addition of ORIX, an investment grade institution, diversifies and strengthens the

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LabCampus and Massachusetts Institute of Technology sign cooperation agreement

Munich Airport and the renowned Senseable City Lab at the Massachusetts Institute of Technology (MIT) have reached an agreement to work together in the development of the LabCampus Innovation Center at Munich Airport. Plans to launch the LabCampus future project, an innovation lab on the airport campus that will promote cooperation between companies and across

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