Dubai Aerospace Enterprise (DAE) has signed a US$300 million 7-year unsecured term loan with a group of six banks. Abu Dhabi Commercial Bank served as Initial Mandated Lead Arranger, Bookrunner and Underwriter. The loan will be used to repay secured debt and support the future financing needs of the business. Firoz Tarapore, Chief Executive Officer […]
DAE signs new US$300 million 7-year unsecured term loan Read More »
BOC Aviation delivers third Boeing 787-9 to Air Europa BOC Aviation has delivered the third of seven new Boeing 787-9 Dreamliners committed for lease to Air Europa under a purchase-and-leaseback transaction. One more aircraft will be delivered in the fourth quarter 2019, with the remaining three aircraft scheduled for delivery by the end of the
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Fraport, the operator of Frankfurt Airport, and AeroGround Flughafen München, a wholly-owned ground handling subsidiary of Flughafen München (the operator of Munich Airport), have developed a joint virtual reality (VR) training tool for ground handling operations. New digital training content was created for the joint VR tool. One training module, for example, serves to practice
Magnetic MRO Training, an EASA Part-147 approved type training organization, has re-opened its training facility after the most recent expansion. The new premises were opened on Thursday, September 19, 2019 and are aimed to be used mainly by Magnetic MRO and Estonian Aviation Academy for theoretical technical training for future aircraft mechanics. The recent expansion
Next year American Airlines will launch a new service to Tokyo’s Haneda International Airport (HND) from Dallas Fort Worth International Airport (DFW) and Los Angeles International Airport (LAX). Beginning March 29, American and its Pacific Joint Business partner Japan Airlines will offer a total of five daily flights to HND from four U.S. cities: Los
