11 August 2020

Iran refuses to pay compensation for downed Ukrainian jet

The Iranian government has refused Ukraine’s request for compensation for the loss of the Ukrainian Airlines Boeing 737 that was accidentally shot down shortly after take-off from Tehran Imam Khomeini International Airport on January 8 this year. While the government does not rule out paying compensation for the victims, even though an initial offer made […]

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AEI adds HAECO Xiamen as authorized AEI Conversion Center

Aeronautical Engineers (AEI) has selected HAECO Xiamen as an authorized AEI Conversion Center. HAECO Xiamen’s first AEI conversion, a B737-800SF, is scheduled to commence in January 2021. This will be followed by an additional line starting in April 2021. AEI currently has four active authorized AEI Conversion Centers, including Commercial Jet, in Miami, Florida; Commercial

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Great Dane Airlines selects AerFin’s BeyondPool™ flight-hour solution

Danish Charter operator Great Dane Airlines, has become the latest airline to select AerFin’s BeyondPool™ component Flight-Hour-solution, signing a long-term Flight-Hour Agreement (FHA) to support the airline’s fleet of three (3) E195 E-Jet aircraft. AerFin’s BeyondPool™ is a fully bespoke, comprehensive E-Jet component FHA solution, covering repair, overhaul, pooling and on-site provisioning of E-Jet rotable

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Heston MRO and Toowoomba Wellcamp Airport partner for aircraft storage

Toowoomba Wellcamp Airport, a privately funded airport in South East Queensland, and Heston MRO, an independent MRO organization in Australia, are partnering up to create a one-stop aircraft parking and storage solution. Commencing immediately, the services offered to airlines and aircraft owners include short- and long-term aircraft parking, induction into storage programs, ongoing maintenance support,

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ALC announces pricing of public offering of US$700 million of senior unsecured medium-term notes

Air Lease Corporation (ALC) has announced the pricing of its public offering of US$700.0 million aggregate principal amount of 2.875% senior unsecured medium-term notes due January 15, 2026. The sale of the notes is expected to close on August 17, 2020, subject to satisfaction of customary closing conditions.  The notes will mature on January 15,

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North American Aerospace Industries names Martin O’Boyle Business Development Manager – MRO

North American Aerospace Industries Corporation (NAAI), a provider of sustainable end-to-end aircraft recycling solutions, has appointed Martin O’Boyle as Business Development Manager – MRO. In this role, O’Boyle will have the responsibility for developing the company’s MRO business in North America. He brings to his new position extensive technical and commercial experience working across aviation

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IAI experienced growth in operating income and net income in first half of 2020

Israel Aerospace Industries (IAI) has reported sales increase of 4.6% to US$2,078 million in the first half of 2020 (H1 2020), compared with US$1,986 million in H1 2019 and growth of 7.6% in company sales in the second quarter of 2020 (Q2 2020) to about US$1,060 million compared with US$985 million in Q2 2019. Sales

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