GECAS, the aircraft leasing arm of General Electric Co, has canceled an order for 69 of the Boeing 737 MAX jets that has remained grounded since March 2019, citing a desire to evaluate its order book during the COVID-19 pandemic. Currently, GECAS maintains 29 737 MAX jets and still has a further 82 of the […]
More woes for 737 MAX program as GECAS cancels order for 69 of the jets Read More »
Skyworld Aviation has arranged the sale of two ERJ 145 EP aircraft on behalf of owner Cymus Holding AB of Sweden. Skyworld has lease-managed both aircraft since leaving original operator Skyways of Sweden, back in 2004, when the two aircraft went through an FAA conversion and moved to the U.S. Both aircraft operated with a
Skyworld Aviation arranges sale of two ERJ 145 EP aircraft Read More »
GE Aviation has signed an exclusive Authorized Repair and Services Provider Agreement with Brightwater United Aero Group (UAG) to cover certain non-military customers flying GE’s reliable T700 helicopter engine. Brightwater UAG, based in Shelton, Connecticut, in conjunction with Brightwater Arista Aviation Services Group, Alabama, and the worldwide network of GE Licensed Maintenance, Repair and Overhaul
GE, Brightwater UAG sign agreement for T700 engine support Read More »
In its latest meeting, the Board of Directors of SN Airholding has decided to appoint Jan Smets as its Co-Chairman. He takes over with immediate effect from Etienne Davignon who remains member of the Board of Directors. Thorsten Dirks, Member of the Lufthansa Group Executive Board & Chief Officer IT, Digital & Innovation, will chair
Jan Smets to take over as Co-Chairman of the Board of Directors of SN Airholding Read More »
With almost two thirds of all aircraft financed by asset backed securities (ABS) now grounded due to the COVID-19 crisis, receipts of both aircraft rental and maintenance payments are likely to fall, according to aviation consultants IBA. Data from IBA.iQ indicates that 62% of all aircraft in ABS finance structures created since 2015 are either parked
In the coming weeks, Lufthansa will temporarily decommission the entire Airbus A340-600 fleet. Three aircraft of this type have already been flown to Teruel, in northeastern Spain, where the long-haul aircraft will be parked at the airport. Lufthansa plans to transfer the entire A340-600 fleet, equaling 17 aircraft, to Teruel where they will be decommissioned
Lufthansa begins temporary decommission of A340-600 fleet Read More »
Kellstrom Aerospace has acquired an A320-214 (MSN 2180) with serviceable CFM56-5B4/P engines. The A320 airframe was acquired for disassembly in the U.K. The engines will be remarketed through Kellstrom Aerospace Asset Management. This project will enhance Kellstrom Aerospace’s unique and innovative lifecycle solutions portfolio by supporting both Kellstrom Aerospace Asset Management division with additional short-to-mid-term
Kellstrom Aerospace completes acquisition of A320-214 for teardown Read More »
Embraer Defense & Security and Sierra Nevada Corporation (SNC) have announced that the first of 12 A-29 Super Tucano light attack, combat and reconnaissance aircraft for the Nigerian Air Force (NAF) successfully completed its inaugural flight at the production facility in Jacksonville, Florida. The full fleet of A-29 Super Tucano aircraft for the NAF are
First Nigerian Air Force A-29 Super Tucano aircraft completes inaugural flight Read More »
EU-authorized benchmark administrator the Baltic Exchange has partnered with air cargo pricing publisher TAC Index Company of Hong Kong. The Baltic Exchange and TAC will provide new regional general air cargo rate assessments. TAC’s Regional General Air Cargo Indices will be rebranded as the Baltic Air Freight Index (BAF Index) powered by TAC Index and
Baltic Exchange partners with TAC Index and moves into Air Cargo market Read More »
