September 2, 2019

CAE enters strategic partnership with Directional Aviation Capital

CAE has entered into a strategic partnership with Directional Aviation Capital (DAC). As part of this transaction, CAE will form a joint venture with DAC’s affiliate, Volo Sicuro and acquire a 50% stake in SIMCOM Holdings for approximately US$85 million. In addition, DAC’s affiliated business aircraft operators, which include Flexjet, Flight Options, Flairjet, Sirio, Nextant …

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Boeing, KLM announce order for two 777 Jets

Aircraft & Engines

Boeing and KLM Royal Dutch Airlines have released that the carrier has ordered two more 777-300ER (Extended Range) airplanes as it continues to operate one of Europe’s most modern and efficient fleet. The order, valued at US$751 million at current list prices, was previously attributed to an unidentified customer on Boeing’s Orders & Deliveries website. …

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Kuwait Airways takes delivery of first A320neo

Aircraft & Engines

Kuwait Airways, the national carrier of Kuwait, has taken delivery of its first A320neo aircraft. The delivery is a milestone in Kuwait Airways’ 65th anniversary celebrations, marking an important step in the airline’s ambitious fleet renewal and growth plans , which will phase-in 15 A320neo aircraft to its fleet in the coming years, following a …

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Norwegian asks bondholders for two more years to pay back US$380m debt

Financial, Top Stories

Lossmaking Norwegian Air (Norwegian) has asked its bondholders for an additional two years in which to pay back US$380 million of current debt as part of an attempt to shore up its precarious financial position. In return, as security, lucrative take-off and landing slots at London Gatwick Airport would be pledged. As Europe’s third-largest low-cost …

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Trenchard Aviation Group opens facility on island of Mauritius

MRO & Production

In order to better serve its long-standing customer, Air Mauritius, Trenchard Aviation Group has opened a new facility on the Indian Ocean island of Mauritius. Trenchard Aviation Group has long been providing a dry cleaning service for Air Mauritius as well as the cutting and sewing of seat covers from its base in the U.K. …

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TrueNoord appoints Julien Millet as Chief Financial Officer

People

TrueNoord, the specialist regional aircraft lessor, has appointed Julien Millet to the post of Chief Financial Officer (CFO). Originally acting as interim CFO, Millet took up this new position earlier in the year., However he has worked closely with the Company since 2016 from an investor and Board perspective in his previous role at Bregal …

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Nordic Aviation Capital reports revenue of US$890 million for financial year 2018/2019

Financial

Nordic Aviation Capital DAC (NAC) has announced its financial results for the year ended June 30, 2019. Total revenue increased by 21% to US$890 million and lease revenue increased by 17% to US $748 million. With a Business Performance result of US$162 million, NAC delivered a 15% return on equity. NAC generated cash flow from …

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Ryanair appoints Eddie Wilson new CEO as low-cost carrier faces turbulent times ahead

People, Top Stories

Ryanair has announced that Eddie Wilson, the Irish low-cost carrier’s Chief People Officer, is to succeed Michael O’Leary as CEO of Ryanair Holdings’ largest airline, Ryanair DAC. O’Leary will remain as chief executive of the wider-reaching Ryanair Holdings. Wilson has been with the company since 1997 when he joined as head of personnel and is …

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BOC Aviation signs purchase-and-leaseback agreement with Middle East Airlines

Aircraft & Engines

BOC Aviation has signed a purchase-and-leaseback agreement with Middle East Airlines (MEA) for a minimum of five, and up to ten new Airbus A321neo aircraft. The aircraft are powered by Pratt & Whitney’s PurePower® PW1100G-JM engines, and are expected to deliver in 2020 and 2021. “We are very pleased to be working with Middle East …

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Alcoa and United Steelworkers reach tentative labor agreement for five U.S. locations

Other News

Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, has reached a tentative agreement with United Steelworkers on a new four-year labor agreement for approximately 1,700 active employees at five U.S. locations. The union members will now schedule a vote on the proposed contract, the result of extensive negotiations between the Company and …

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CAE enters strategic partnership with Directional Aviation Capital

Boeing, KLM announce order for two 777 Jets

Kuwait Airways takes delivery of first A320neo

Norwegian asks bondholders for two more years to pay back US$380m debt

Trenchard Aviation Group opens facility on island of Mauritius

TrueNoord appoints Julien Millet as Chief Financial Officer

Nordic Aviation Capital reports revenue of US$890 million for financial year 2018/2019

Ryanair appoints Eddie Wilson new CEO as low-cost carrier faces turbulent times ahead

BOC Aviation signs purchase-and-leaseback agreement with Middle East Airlines

Alcoa and United Steelworkers reach tentative labor agreement for five U.S. locations

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2 September 2019

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