9 September 2020

Luis Gallego officially takes over the helm at IAG

International Airlines Group (IAG) has confirmed that Luis Gallego, the former chairman of Iberia, one of the Group’s carriers, has officially taken over from Willie Walsh as Chief Executive, effective Tuesday September 8, immediately after the Group’s Annual General Meeting. Commenting on his new position, Gallego said: “It’s an honour to become IAG’s chief executive, […]

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TrueNoord acquires two Embraer E195s from Azul with leases attached

TrueNoord, the specialist regional aircraft lessor, continues its growth path with the addition of two Embraer E195 aircraft on lease to Portugália. Both aircraft, MSN19000407 and MSN19000429, were purchased with leases attached from Brazilian operator Azul. The project was financed by TrueNoord’s revolving warehouse facility underwritten by Citibank, Société Générale and Royal Bank of Canada. 

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Cebu Pacific Air adds ATR 72-600 training to exclusive agreement with CAE-Cebu joint venture

CAE has released that Cebu Pacific Air (Cebu) has added pilot training for the ATR 72-600 to an exclusive 15-year training agreement with its joint venture, Philippine Academy for Aviation Training (PAAT). Under the terms of the agreement, CAE instructors will deliver initial and recurrent training to Cebu’s pilots on a brand-new CAE-built ATR 72-600

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TrueAero announces sale-and-leaseback for 13 Airbus A320-200 aircraft with JetBlue

TrueAero has acquired, on behalf of its investors, 13 Airbus A320-200 aircraft from JetBlue on sale-and-leaseback. “We are delighted to establish this new partnership with JetBlue, demonstrating our ability to deliver adaptable solutions despite COVID-19’s disruption to the market.” said Stratton Borchers, President at TrueAero. TrueAero is a full-service aircraft asset manager and a materials and technical

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U.S. Airline July 2020 passengers decrease 73% from July 2019 but rise 30% from June 2020

U.S. airlines carried 73% fewer scheduled service passengers in July 2020 than in July 2019, according to preliminary data filed with the Bureau of Transportation Statistics (BTS) by 18 airlines that carry more than 90% of its passengers. Despite the large annual drop from pre-pandemic numbers a year earlier when compared to the previous month

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Aergo Capital enhances platform capabilities with key hires

Aergo Capital (Aergo) is expanding its aviation platform by significantly developing its Structured Products capabilities. These enhanced customer services will be provided by senior strategic new hires complementing existing expertise. Aergo’s bold expansion highlights its confidence in the future of aviation, despite the ongoing impact of COVID-19 on the industry and further positions the company

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AELS acquires A319 from Bellinger Aviation for disassembly

Complementing the airframes currently being dismantled, Aircraft End-of-Life Solutions (AELS) has acquired an Airbus A319 (MSN 1086), from Bellinger Aviation. The aircraft, formerly operated by Brussels Airlines, was flown to AELS’ home-base at Twente Airport, the Netherlands and dismantling has meanwhile begun. USM components will become available from September onwards. Since 2006 AELS has been

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Gloucestershire Airport is “cargo ready”, welcomes first cargo operator

In response for an alternative airport for urgent automotive and “just-in-time” logistics, Gloucestershire Airport in the U.K. has welcomed its first cargo operator. Global Airlift Solutions operated its PC12NG Cargo aircraft into the airport at the launch of the new service. Visiting cargo aircraft will be handled by Weston Aviation at their FBO facility and

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