20 October 2020

Alaska Airlines launches Embraer 175 jet service in the state of Alaska

Alaska Airlines has added a jet service with the Embraer 175 aircraft in the state of Alaska, operated by regional partner Horizon Air. With the reduction of air service in Alaska earlier this year, the E175 jet gives Alaska Airlines the flexibility to increase daily frequency between Anchorage and Fairbanks, and to provide year-round service […]

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PIMCO and GECAS to create US$3 billion aviation leasing investment platform

Investment Management PIMCO and GE Capital Aviation Services (GECAS), have reached a preliminary agreement to develop an aviation leasing platform to support up to US$3 billion in aircraft asset financings. The transaction is subject to customary closing conditions and receipt of required regulatory approvals. This strategic investment platform will enable GECAS and PIMCO­-advised accounts to

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Frontex selects Airbus and partner IAI for Maritime Aerial Surveillance

The European Border and Coast Guard Agency (Frontex) has awarded a contract to Airbus Defence and Space Airborne Solutions (ADAS), a 100% subsidiary of Airbus Defence and Space, and its long-term partner Israel Aerospace Industries (IAI) to operate a Medium Altitude Long Endurance (MALE) RPAS for Maritime Aerial Surveillance services. The service will be delivered

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AvAir completes full asset management contract with Icelandair

AvAir, an inventory solutions provider for the aviation aftermarket, has partnered with Icelandair on a full asset management contract for all surplus materials including a variety of Boeing parts. Icelandair has been in operation for 83 years and has more than 44 destinations, 524 connections and 4.4 million passengers traveling internationally. Icelandair Group’s fleet comprises

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GPS jamming prompted Finnair to halt flights to Tartu until alternative solutions are implemented ©AirTeamImages

Finnair cuts approximately 700 jobs, long-term temporary layoffs continue for thousands of employees

Finnair has completed the co-operation process started in September on its plans to reduce up to 1,000 jobs, to make other structural changes, and to implement additional temporary layoffs due to the impacts of the corona pandemic. Due to the dramatic market changes caused by the pandemic, Finnair will cut approximately 600 jobs in Finland.

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SkyWorks releases Leasing and Asset Management Group activities

SkyWorks Holdings has released transactions and activities performed during the third-quarter of 2020. Leasing and Asset Management Group activities included the completion and repossession of 17 aircraft, including 11 A321-200s, four 787-9s and two A350-900s on behalf of a group of bondholders in the LATAM 2015-1 EETC. On behalf of a U.S.-based financial institution, SkyWorks

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