6 February 2019

Aircastle to appeal court’s decision and pursue recovery of Avianca Brazil aircraft

Aircastle Limited (Aircastle), which acquires, leases and sells commercial jet aircraft to airlines throughout the world, is looking to challenge the latest court decision concerning its attempts to repossess aircraft on lease to Avianca Brazil, which has failed to meet the necessary payment schedule. The latest ruling by a Brazilian judge has given Avianca a […]

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Norwegian to Boost Liquidity by Selling Two A320neo Aircraft

Arctic Aviation Assets, a subsidiary of Norwegian Air Shuttle ASA, recently signed an agreement to sell two Airbus 320neo aircraft. Delivery will take place during February 2019. The transaction will increase the Company’s liquidity by US$26 million after repayment of debt. Subsequently, the sale will have a positive equity effect. Debts will be repaid and

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Bombardier officially unveils new CRJ550 aircraft

Bombardier Commercial Aircraft has officially introduced the new CRJ550 aircraft, the first triple-class 50-seat aircraft, designed to meet the expectations of today’s passengers. The CRJ550 is a new CRJ Series aircraft model, with a new type certificate based on the CRJ700. United Airlines is the launch customer of this new model. “The new CRJ550 model

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Joint Concept Study Contract for Future Combat Air System Signed by Airbus and Dassault Aviation

France and Germany have awarded the first-ever contract to Dassault Aviation and Airbus. The agreement is a Joint Concept Study (JCS) which will benefit the Future Combat Air System (FCAS) programme. Indeed, the decision by both countries shows commitment in securing European sovereignty and technological leadership in the military aviation sector. Starting date for the

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Mike Bianco Moves from President to CEO at AvAir

Aviation aftermarket parts supplier AvAir is under new ownership. Backed by a globally recognized investment group, AvAir President Mike Bianco is now CEO. This came about via a management-led buyout with a new equity partner, Corrum Capital. Bianco’s bold leadership will pair nicely with Corrum Capital’s institutional expertise in the transportation and aviation industries. Consequently,

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Next-Generation European Fighter Engine to be Developed by Joint Effort by Safran and MTU Aero Engines

Safran Aircraft Engines and MTU Aero Engines have announced their partnership to jointly lead the development, production and support for a new engine. This engine will power a next-generation combat aircraft, as part of the Franco-German Future Combat Air System (FCAS). The aircraft will enter into service by 2040 to complement the current generation of

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Nigerian Air Force Purchasing 12 A-29’s from Embraer

The Nigerian Air Force recently awarded a contract to deliver 12 A-29 Super Tucano light attack aircraft. Embraer Defense & Security and its partner Sierra Nevada Corporation were the contract recipients. The contract includes multiple components. These include ground training devices, mission planning systems, mission debrief systems, spares, ground support equipment and alternate mission equipment.

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Nine New Bombardier CRJ900 Aircraft to be Delivered to Chorus Aviation

Chorus Aviation recently signed a deal for nine CRJ900 regional jets with Bombardier Commercial Aircraft. Consequently, Jazz Aviation, a subsidiary of Chorus, will operate these aircraft under the Air Canada Express brand. This complies with Jazz’s Capacity Purchase Agreement (‘CPA’) with Air Canada. Each of the nine planes, set for delivery in 2020, has 76

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Chisholm and Pemco Conversions Sign Deal on B737-700 Full Freighter Conversion Program

PEMCO Conversions, a subsidiary of Airborne Maintenance and Engineering Services, has announced a new conversion program. The new program will feature Boeing 737-700 Next Generation aircraft Passenger-to-Full Freighter conversions. Chisholm Enterprises will be the launch customer. Accordingly, PEMCO Conversions will start the modification program in the second quarter of 2019. Also, the company will amend

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