24 February 2020

ST Engineering’s joint venture announces securitization of 30 aircraft engines

ST Engineering has released that Total Engine Asset Management (TEAM), an engine leasing joint venture of its Aerospace arm, has entered into agreements for the sale of 30 aircraft engines using a securitization structure. This sale will enable the group to free up capital for future investments including aircraft engines and reduce TEAM’s capital employed.

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ANA signs major cargo distribution partnership with cargo.one

All Nippon Airways, Japan’s largest airline, heralds in the new decade by joining leading online platform cargo.one to offer its cargo customers ebooking capabilities. Furthermore, the airline will profit from cargo.one’s extensive customer base in Europe and, thus expand its presence in key cargo markets. “Partnering with leading online booking platform cargo.one will help to

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AAR signs LoI with Air Canada to add new aircraft types and establish airframe maintenance Center of Excellence

AAR Aircraft Services Trois-Rivières ULC (AAR) has entered into a letter of intent with Air Canada regarding a ten-year, renewable agreement for airframe maintenance. This long term agreement should enable AAR to develop an Airframe Maintenance Center of Excellence at its Trois-Rivières MRO in Quebec, Canada and to expand its heavy maintenance services for Air

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Aergo Capital delivers one Airbus A330-200 to Jordan Aviation

Aergo Capital (Aergo) has completed the delivery of one Airbus A330-200 aircraft, bearing manufacturer’s serial number 834, to Jordan Aviation. The aircraft, which is owned by an affiliate of METAL 2017-1, was previously on lease to Shaheen Air. Fred Browne, Chief Executive Officer of Aergo, commented: “The delivery of this aircraft to Jordan Aviation is evidence

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Columbia Manufacturing receives AS9110 certification

Columbia Manufacturing (CMI), a privately held manufacturer and supplier of precision components for turbine engines, has received AS9110 quality management system certification by NSF International Strategic Registrations (NFS-ISR). AS9110 is a widely adopted quality management system standard within the aerospace industry for FAA repair stations and other MRO suppliers. Criteria is designed to meet the

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AerCap signs lease agreement with Belavia Airlines for three Embraer E195-E2 aircraft

AerCap has signed an agreement with Belavia – Belarusian Airlines for the lease of three new Embraer E195-E2 aircraft. The aircraft are from AerCap’s order book with Embraer. The first aircraft is scheduled to deliver in December 2020, with the remaining two aircraft delivering in March and April 2021. AerCap was the launch lessor customer

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