30 October 2019

Deal involving Nordic arm of defunct Thomas Cook saves over 2,000 jobs

Billionaire Petter Stordalen, a Norwegian businessman, hotel and property developer has, together with private equity firms TDR Capital and Altor, purchased the Nordic arm of the now failed Thomas Cook travel agent and airline. The triumvirate has acquired the Ving Group, which includes such brand names as Globetrotter, Spies and Thomas Cook Airlines Scandinavia, which […]

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Air Premia announces commitment for five Boeing 787 Dreamliner jets

Korean startup Air Premia plans to buy five Boeing 787-9 Dreamliner airplanes, following an agreement to lease three 787-9 jets from Air Lease Corporation earlier this year. Air Premia, which plans to launch operations in 2020 is poised to become South Korea’s second Dreamliner operator. With its base at Seoul Incheon International Airport, the carrier

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Airbus reports nine-months 2019 results, updates delivery outlook

Airbus has reported nine-months 2019 consolidated financial results and provided full-year guidance. Consolidated revenues increased to €46.2 billion (9m 2018: €40.4 billion), mainly driven by higher deliveries, a favorable mix and foreign exchange rate development. A total of 571 commercial aircraft were delivered (9m 2018: 503 aircraft), comprising 33 A220s, 422 A320 Family aircraft, 34

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GKN Aerospace strengthens Executive Committee with two new leadership appointments

GKN Aerospace has appointed Krisstie Kondrotis as President of Defense effective November 1, and Julie Smyth as General Counsel effective November 25, 2019. In their new roles, both will join the GKN Aerospace Executive Committee reporting to Hans Büthker, GKN Aerospace Chief Executive Officer. In her newly-created role, Krisstie Kondrotis will lead GKN Aerospace’s growing

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Munich Airport International and ADB SAFEGATE join forces

The international business arm of Munich Airport – the 100% subsidiary Munich Airport International (MAI) – has signed a cooperation agreement with ADB SAFEGATE. The collaboration combines MAI’s worldwide expertise in airport development, management and operations with ADB SAFEGATE’s global presence and insight into airfield, apron and tower systems. As a single source for technology

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TAP takes off with AMOS

The Portuguese flag carrier TAP together with TAP Maintenance & Engineering has inked agreements with Swiss-AS to manage in future the company-wide fleet maintenance activities with AMOS. During the in-depth evaluation phase, all details of AMOS were extensively analyzed and questioned by TAP in order to make sure that it is the best fit for

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China Airlines to lease one Boeing 747-400F aircraft from ASL Aviation Holdings

AMS Aircraft Services (AMS) and EastMerchant Capital GmbH (EastMerchant) have announced the placement on operating lease of a Boeing 747-400F aircraft, msn 30762, with China Airlines as Lessor and ASL Aviation Holdings as Lessee. AMS and EastMerchant acted as joint remarketing agent for China Airlines. China Airlines is the national airline of Taiwan and is

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GAMECO, Boeing sign partnership agreement on 737-800 Boeing converted Freighter

Guangzhou Aircraft Maintenance Engineering Company (GAMECO) and Boeing have announced plans to launch a 737-800 Boeing Converted Freighter production line at GAMECO’s Guangzhou Baiyun International Airport hangar, as the 737-800BCF program responds to growing demand. Boeing’s newest freighter has achieved 130 orders and commitments since it was launched in 2016. The program is on pace

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Pattonair Japan strengthens presence with new office in Nagoya

Pattonair Japan has strengthened its presence in Japan’s aerospace industry with the official opening of a new office on October 30, 2019.  Pattonair Japan’s new permanent location in Nagoya signifies the global aerospace and defence supply chain service provider’s commitment to local support for its growing customer base. The move follows on from the establishment

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