Aircraft leasing and trading company Aergo Capital (Aergo) has announced a historic milestone for the company, reaching a portfolio of fifty modern commercial jet and turboprop aircraft, as of December 31, 2018 and valued at US$1.3 billion. This achievement fittingly marks the company’s twentieth year of operation, having been established in 1999 by Fred Browne, […]
Dassault Aviation has announced from its Saint-Cloud base in France that it has signed a binding agreement with Luxaviation to acquire the worldwide maintenance activities of its subsidiary, Execujet, this year, subject to obtaining the necessary administrative authorizations. “The acquisition of ExecuJet’s MRO (Maintenance, Repair & Overhaul) operations will strengthen Dassault Aviation’s global footprint, especially
Dassault confirms acquisition of ExecuJet’s MRO operations Read More »
Angus Clarke has been appointed Executive Vice President Strategy of Air France-KLM. He becomes a member of the Air France-KLM group executive committee and reports directly to Benjamin Smith, Group CEO. His appointment will be effective as of February 1, 2019. He is responsible for defining and implementing Air France-KLM’s long-term strategy, in coordination with
Angus Clarke appointed Executive Vice President Strategy of Air France-KLM group Read More »
Germania Fluggesellschaft has found a solution to cover its short-time liquidity needs. Karsten Balke, CEO of Germania Fluggesellschaft said on January 19: “With regard to our financing efforts, we have received an important commitment. In total, the financial support now exceeds the initial target amount of €15 million. We should receive the funds in the
Germania Fluggesellschaft found solution to cover short-time liquidity needs Read More »
GE Aviation’s Passport, the first ultra-long-range business jet engine, officially entered service on Dec. 20 during a ceremony by Bombardier Business Aircraft celebrating the delivery of its first Global 7500 luxury aircraft. This milestone was complemented by news on Dec. 18 that GE Aviation secured type certification for Passport by the European Aviation Safety Agency (EASA).
GE Aviation’s Passport engine enters service on Bombardier Global 7500 business jet Read More »
Cebu Pacific, the largest low-cost carrier in the Philippines has taken delivery of its first A321neo. The new addition complements the Manila-based airline’s Airbus fleet, which currently includes 43 A320 Family aircraft and eight A330-300 widebodies. Cebu Pacific has ordered 32 A321neo aircraft directly from Airbus, and will receive another five A320neo leased from Dublin-based
Cebu Pacific takes delivery of its first A321neo Read More »
FLYdocs, the aviation data, records and asset management solution provider, has reported exclusive integration capabilities with MRO software solution, AMOS. The powerful combination of the two platforms will allow airlines and MRO service providers to automatically link maintenance and engineering (M&E) work packages with a digital record of their associated data and records, streamlining M&E
FLYdocs announces enhanced AMOS integration Read More »
On the tenth anniversary of its founding, WNG Capital, an independently owned, specialist operating lessor dedicated to investing in used commercial aircraft manufactured by Airbus and Boeing, has announced the closing of WNG Aircraft Opportunities Fund II. WNG targeted a US$300 million fund raise to invest in late life narrow body aircraft and is oversubscribed
WNG Capital closes US$345 million aircraft leasing Fund II Read More »
Aircraft lessor SMBC Aviation Capital has boosted its total order book for the A320neo Family to 181 aircraft after signing a firm order for an additional 65 A320neo Family aircraft (15 A321neo and 50 A320neo). The order was finalised in 2018 and included in the year-end order figures. In addition the agreement includes an upsizing
SMBC Aviation Capital orders 65 A320neo Family aircraft Read More »
At least 20 jets are at the center of a struggle by lessors to obtain possession after the ailing Brazilian airline fell behind with lease payments. Last Friday (Jan.18) Brazil’s aviation regulator ANAC confirmed it would no longer ground ten jets, while another lessor ramped up its efforts to take possession of a further ten
Lessors struggle to repossess jets from Avianca escalates Read More »
