October 3, 2023

SMBC Aviation Capital receives US$710 million insurance settlement

SMBC Aviation Capital has announced the successful settlement of insurance claims, resulting in the receipt of approximately US$710 million (£592 million). This settlement pertains to its aircraft that were previously leased to Aeroflot. The funds represent the resolution of insurance claims filed by SMBC Aviation Capital under Aeroflot’s insurance and reinsurance policies, covering a total […]

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The first B767-300ER has been redelivered to Challenge Airlines

IAI redelivers converted Boeing 767-300ER to Challenge Airlines

Aircraft & Engines

Israel Aerospace Industries (IAI) has delivered a Boeing 767-300ER to Challenge Airlines MT after completing conversion of the aircraft from a passenger-to-cargo configuration, at IAI’s conversion site facility in Belgrade. The aircraft is the first of four converted planes of this type, which IAI will redeliver under a contract signed in 2021, which also includes

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Nicolai Hertz takes on role as CCO of TP Aerospace

People

TP Aerospace has announced that Nicolai Hertz has taken on the role of Chief Commercial Officer (CCO) of TP Aerospace as of October 2, 2023. Hertz brings almost 30 years of experience from the aviation industry from Satair, SAS Component Group and ST Aerospace. Most recently, he was with Satair for 15 years, latest in

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AerFin has acquired three A320ceo aircraft to bolster its inventory

AerFin bolsters A320 inventory

MRO & Production

AerFin has bolstered its A320 inventory with the acquisition of three Airbus A320ceo aircraft from Wings Capital Partners. All three aircraft are of manufacturer serial Number (MSN) 5000 and above, making them attractive airframes of their type and class to be parted out worldwide. Gwyn Scourfield of Wings Capital Partners states: “This transaction marks the

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LATAM has taken delivery of its first A321neo aircraft

LATAM expands Airbus aircraft order with 13 additional A321neos

Aircraft & Engines

LATAM Airlines has taken delivery of its first A321neo leased from AerCap and in addition has placed an order for 13 further A321neo aircraft to help expand its route network and drive its regional growth. This is the first delivery of a committed backlog of 76 A321neo aircraft. In total, LATAM has 111 A320-family aircraft

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SkySelect partners with Ambry Hill Technologies

Information Technology

SkySelect has partnered with Ambry Hill Technologies, the creator of business management software solutions that are purpose-built for the aviation aftermarket, to provide suppliers with new opportunities to be more efficient and additional capabilities to maximise demand. This new integration with Ambry Hill’s VistaQuote product enables the automation of inventory sharing to the SkySelect platform

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GKN Aerospace secures contract to enhance RM12 engine for JAS 39 Gripen fighter aircraft

Military & Defense

GKN Aerospace has been awarded a contract by the Swedish Defence Materiel Administration (FMV) to enhance and upgrade the RM12 engine, which powers the renowned Swedish fighter aircraft, the JAS 39 Gripen C/D. This engine enhancement project will be carried out in collaboration with FMV and SAAB. GKN Aerospace, known for its longstanding 90-year partnership

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Spirit AeroSystems appoints Patrick M. Shanahan interim President and CEO

People

Spirit AeroSystems has released that Patrick M. Shanahan, a member of the company’s Board of Directors, has been appointed interim President and Chief Executive Officer (CEO), effective immediately. Shanahan succeeds Thomas C. Gentile III as President and Chief Executive Officer. Gentile has resigned as a member of the Board, effective September 30, 2023. The company’s

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