Boeing has halted delivery of some of its 737 MAX planes after discovering fresh quality concerns from a supplier. The issues were found in a portion of the 737 MAX family, including the MAX 7 and MAX 8, relating to Spirit AeroSystems’ installation of two fittings that join the plane’s vertical tail to its aft […]
Boeing temporarily halts 737 MAX delivery due to supplier problems Read More »
As part of its plan to adapt to the changing landscape of the aircraft leasing market, LCI, an aircraft leasing group, has agreed to sell a 35% stake in the business to Japan’s Sumitomo Mitsui Finance and Leasing Company (SMFL). The agreement was announced at the end of March by Libra Group, the parent company
SMFL increases ties with LCI through 35% stake acquisition Read More »
TrueNoord has successfully closed a new five-year Term Loan of US$275 million (£220 million). The facility will be used by the specialist regional aircraft lessor to expand its existing group of aircraft assets and to finance a well-diversified portfolio of 31 owned regional jet and turboprop aircraft currently on lease to 13 different airline customers
TrueNoord closes US$275 million Term Loan to support balanced growth trajectory Read More »
The Milestone Aviation Group (Milestone), a global leader in helicopter leasing, has signed lease agreements with Offshore Helicopter Services UK (OHS) for five Sikorsky S-92 helicopters. The agreements include the extension of three Sikorsky S-92 helicopters and the placement of two additional S-92s which are scheduled to deliver in 2023. The oil and gas configured
Milestone Aviation signs lease agreements for five S-92 helicopters with OHS Read More »
Worldwide air cargo demand has slipped further into decline after showing tentative signs of stabilising in the last two months, with the first full week of April showing the steepest week-on-week drop since the Lunar New Year factory closures in January, preliminary figures from WorldACD Market Data indicate. Following small week-on-week declines in weeks 12
Worldwide air cargo slips further into decline Read More »
HALO AirFinance (HALO), a joint venture between GA Telesis (GAT) and Tokyo Century Corporation (TC), has closed a credit facility for Republic Airways, a US regional airline, to finance a portfolio of General Electric CF34-8E engines. This is the inaugural transaction executed under HALO’s first fund HALO One, which was launched last month in partnership
HALO AirFinance to finance portfolio of GE CF34-8E engines for Republic Airways Read More »
The United Arab Emirates (UAE) have ratified the Montreal Protocol 2014 (MP14), a move that will strengthen the global legal deterrent against unruly and disruptive passengers. The International Air Transport Association (IATA) has welcomed the United Arab Emirates (UAE) ratification of the Montreal Protocol 2014 (MP14). “IATA welcomes the leadership shown by the UAE in
UAE is the 44th State to ratify MP14 to prosecute unruly passengers Read More »
Regional Express (Rex) has taken a 20% stake in Dovetail Electric Aviation, further cementing the strategic partnership between the two Australian companies. This equity participation agreement comes on the heels of the successful completion of initial ground tests involving Dovetail’s small-scale Electric Propulsion System (EPS), marking a major milestone in the company’s mission to convert
Rex takes 20% stake in Dovetail Electric Aviation Read More »
