November 19, 2020

DAE will acquire a portfolio of Boeing 737-8, 737-9 and 737-10 aircraft from CALC

Boeing 737 MAX gets green light from FAA to resume passenger flights

The troubled Boeing 737 MAX, grounded since March last year following two fatal crashes, has finally received approval from the Federal Aviation Administration (FAA) to resume flights. However, the clearance by the FAA only covers domestic flights within the U.S. and does not include international flights, for which Boeing will now be seeking relevant authority […]

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Lufthansa Technik hands over eight Patient Transport Units

Military & Defense

Lufthansa Technik has handed over eight Patient Transport Units (PTU NG) for intensive care patients and 16 oxygen supply systems for medium-to-lightly injured patients to Airbus Defence and Space. The new PTUs are destined for the multinational Airbus A330 MRTT operated by the MMU (Multinational Multi Role Tanker Transport Unit) of the NATO Support and

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Norwegian’s daughter companies seek protection under Irish Examinership

Financial

Following the government of Norway’s decision to withhold further support from the airline, and the ongoing COVID-19 pandemic, Norwegian Air Shuttle ASA (Norwegian) has decided to initiate an examinership process in Ireland relating to its subsidiary Norwegian Air International Limited (NAI), its wholly-owned asset company Arctic Aviation Assets DAC (AAA) and some of AAA’s subsidiaries;

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Peter Gerber to take over from Dieter Vranckx as CEO of Brussels Airlines

People

Dieter Vranckx, who joined Brussels Airlines in May 2018 as CFO and Deputy CEO, and who has been acting as CEO of Brussels Airlines since January 2020, will move within the Lufthansa Group to head the Zurich-based Lufthansa Group network airline SWISS, as of January 1, 2021. Peter Gerber will succeed Vranckx as CEO of

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Recaro Aircraft Seating reaches agreement with German works council, IG-Metall and Südwestmetall

Other News

Negotiations at Recaro Aircraft Seating (Recaro) for securing the company and its workforce have concluded. The result secures the employment of the employees at the Schwaebisch Hall location until June 30, 2023. A total of 95% of IG-Metall (IGM) members voted “yes” for the concessions made by employees and thus for an exclusion of dismissals

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Rex signs binding agreement with PAG on funding for domestic jet operations

Financial

Rex has signed an agreement with PAG Regulus Holdings (PAG), a subsidiary of leading Asia-Pacific focused investment firm PAG that will see an investment by PAG of up to AU$150 million to be used exclusively to support the launch of Rex’s domestic jet operations scheduled to commence on March 1, 2021. The funding comprises first

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Jason Bennick joins GA Telesis as President of its Digital Innovation Group

People

GA Telesis has announced that technology entrepreneur, Jason Bennick, has joined GAT as President of its Digital Innovation Group. Bennick will oversee this new group and lead the company’s digital innovation strategies. This will include assuming leadership of a new blockchain-supported FinTech company, BlockIt™.

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Bees Airline takes off with AMOS

Information Technology

Bees Airline, a new Ukrainian start-up airline, has selected AMOS to support its business. The “start-up-tailored offer” Swiss-AS proposed for this industry newcomer was the dealmaker. Operation of the start-up will commence in early 2021 and relying on a renowned and well-known system will help Bees Airline to achieve its operational goals. The two aircraft

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APOC Aviation acquires five CFM56-7B engines

Uncategorized

In a move to increase its engine assets base, APOC Aviation has purchased five CFM56-7B engines from a leading North American carrier as part of a multi-million-dollar transaction. Three of the engines have already been delivered and the other two will be integrated into APOC’s portfolio soon. APOC has already acquired one CFM56-3C1 and three

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