December 3, 2020

TUI extends borrowing with third bailout from German government, banks, and investors

TUI, the world’s largest holiday company, has secured a third major financial bailout to help it cope with the knock-on effects of the COVID-19 pandemic on the travel industry. Having already secured €3 billion in state loans this year, the company has announced that it has struck a deal with the German government, banks and […]

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FL Technics acquires Wright International and takes foothold in Canadian MRO market

Financial

FL Technics, a global provider of aircraft maintenance, repair and overhaul (MRO) services, has acquired Wright International, an independent provider of line maintenance services in Canada. For FL Technics as well as its parent company Avia Solutions Group, this marks the entry into the North American aviation services market. Wright International provides aircraft line maintenance

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Middle River Aerostructure Systems appoints King Thompson Senior Sales and Customer Support Manager

People

King Thompson has been named the Senior Sales and Customer Support Manager for maintenance, repair, and overhaul (MRO) activity at the Middle River Aerostructure Systems (MRAS) business of ST Engineering. In this new role, Thompson will lead and assist sales campaigns for MRAS’ expanding MRO business focus on jet engine nacelles and engine components. He

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Jet Aviation completes first 4C-check on Falcon 50 in the Middle East

MRO & Production

Jet Aviation Dubai has completed and successfully redelivered the region’s first 4C-Check on a Dassault Falcon 50. The inspection was combined with FMS upgrades, light cabin refurbishments, and mandatory ADS-B implementation. In tandem, the company also redelivered a 144-month check on a G450 and a 192-month check on G-IV, both requiring extensive structural repairs. The

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Embraer’s new ten-year market outlook identifies trends influencing the industry

Aircraft & Engines

Embraer’s newly published 2020 Commercial Market Outlook examines passenger demand for air travel and new aircraft deliveries over the next ten years with special emphasis on Embraer’s product segment – aircraft up to 150 seats. The report identifies emerging trends that will influence growth, factors shaping future airline fleets, and the regions of the world

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CDB Aviation purchases and leases back nine 737 MAX aircraft to WestJet

Aircraft & Engines

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), has completed the financing for eight of the nine Boeing 737 MAX 8 aircraft under the purchase-and-lease-back agreement with Calgary-based carrier WestJet. The ninth aircraft is anticipated to close in December 2020. The aircraft were originally delivered to WestJet over

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BOC Aviation increases revolving credit facility with Bank of China to US$3.5 billion

Financial

BOC Aviation has released that it has increased the amount of the committed, unsecured revolving credit facility (the RCF) from its largest shareholder, Bank of China and extended the maturity to 2026. The new terms of the facility now provide the Company with US$3.5 billion to support its future growth, an increase of US$1.5 billion.

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Aero Norway continues program of investment with addition of new plasma spraying machine

MRO & Production

Aero Norway, the specialist CFM56 repair facility, has further expanded its capabilities with the addition of a new plasma spraying machine. The Oerlikon MultiCoat™ Pro advanced thermal spray platform, offers increased efficiency as well as multiple thermal spray processes in one system including plasma spray and HVOF (High Velocity Oxygen Fuel). “The introduction of the

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VAS Aero Services acquires multiple CFM56-7B engines for teardown

Uncategorized

VAS Aero Services has acquired multiple CFM International CFM56-7B engines for teardown and distribution of the surplus parts through VAS’ worldwide airline operator customer base. The first CFM56-7B engine has been placed with VAS’ aftermarket services partner, SR Technics (SRT), for teardown and parts recertification. The addition of the CFM engine enhances VAS’ supply relationship

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