June 9, 2020

Malaysian government appoints new chairman for Malaysian Airlines

Ailing government-owned Malaysian Airlines Berhad (Malaysian Airlines) has a newly appointed non-executive chairman, YBhg Tan Sri Wan Zulkiflee Wan Ariffin (Wan Zulkiflee), effective July 1, taking over from Tan Sri Md Nor Yusof who resigned in March. Malaysian Airlines has been struggling in the wake of the disappearance of Flight MH370 and the downing of […]

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Lilium welcomes Baillie Gifford as new investor

Financial

Lilium, the Munich-based aviation company developing an all-electric vertical take-off and landing aircraft for regional air mobility, has welcomed investment management partnership Baillie Gifford as a new investor. Known for its track record of investing in high-impact technology companies such as Amazon, Tesla, Airbnb, Spotify and SpaceX, the partnership has invested US$35 million in the

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U.S. Civil Air Patrol orders 17 Cessna piston engine aircraft

Aircraft & Engines

Textron Aviation has been awarded a contract by the U.S. Civil Air Patrol (CAP) for the sale of 17 Cessna piston engine aircraft. Using fiscal year 2020 funds, the CAP has agreed to purchase 11 Skyhawk 172S, five Skylane 182T and one Turbo Stationair HD T206HD aircraft. The aircraft will join a fleet of nearly

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Honeywell and U.S. Army to demonstrate next-generation T55 engine for Chinook helicopters

Military & Defense

Honeywell has entered into an agreement with the U.S. Army to demonstrate and fly its upgraded T55 engine on the heavy-lift, twin-engine Chinook helicopter. The new 6,000-horespower engine is 25% more powerful and consumes 10% less fuel than the current T55. New modifications also make the next-generation T55 easier to maintain with lower operating costs

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CDB Aviation names Paul Boyle Head of EMEA

People

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co. (CDB Leasing), has announced the latest addition to its Dublin-based leadership team, Paul Boyle, who has been appointed as Head of Europe, the Middle East, and Africa (EMEA) Commercial, leading the lessor’s commercial activity within the region. Boyle will drive commercial

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Meridiam and partner Munich Airport awarded Sofia Airport concession

Uncategorized

The Supreme Administrative Court of Bulgaria has upheld the decision of the Commission for Protection of Competition from November 14, 2019, confirming the selection by the Ministry of Transport of Meridiam and its partner Munich Airport as concessionaire for Sofia Airport. The investment embedded in this 35-year long-term public-private partnership will contribute to Bulgaria’s economic

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IAI signs US$350 million Special Mission Aircraft-related contract with major European country

Aircraft & Engines

Israel Aerospace Industries has received a US$350 million Special Mission Aircraft-related contract from a major European country. The contract will be executed by IAI’s ELTA Systems, a global leader in the Special Mission Aircraft domain. IAI has delivered Special Mission Aircraft to Israel Defense Forces (IDF) and numerous countries worldwide, and they are considered to

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AFRAA and ACC Aviation Group announce strategic partnership

Uncategorized

The African Airlines Association (AFRAA) and aviation service provider ACC Aviation Group, have announced a strategic partnership for the provision of market-leading services that will support the development of Africa’s aviation industry. The strategic partnership forms the basis for AFRAA’s membership services initiative, “AFRAA Consulting – Powered by ACC”, with the global aviation company

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