NORD/LB Norddeutsche Landesbank has decided to exit the aircraft financing sector following a strategic review. As part of this decision, the bank has reached an agreement with Deutsche Bank to sell a substantial portion of its aircraft financing portfolio, valued at €1.67 billion. The completion of this transaction is subject to approval by antitrust authorities […]
NORD/LB withdraws from aircraft financing business Read More »
The Kingdom of Belgium has entered into a contract to procure 15 multi-role H145M helicopters for its army and two helicopters, plus three options, for its Federal Police. The agreement was signed between the NATO Support and Procurement Agency (NSPA), on behalf of Belgium and Airbus Helicopters. The H145M is a versatile military helicopter offering
Belgium to acquire H145M helicopters for defence and Police Forces Read More »
IAE International Aero Engines AG (IAE), a multinational consortium including shareholders such as RTX’s Pratt & Whitney, Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation, and MTU Aero Engines AG, has announced the appointment of Kelly Horan as its new President. Horan takes over from Kim Kinsley, who has held the position
IAE names Kelly Horan as new President Read More »
Lufthansa Cargo is expanding its operations at the southern German hub and will be operating freighters from Munich for the first time starting July 6, 2024. An A321 freighter will connect Munich with Istanbul Airport twice a week, complementing the existing belly network from Munich. The new freighter connection is scheduled every Saturday and Sunday
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Textron Aviation is expanding its footprint in Australia to modernise facilities and increase Cessna, Beechcraft, and Hawker parts availability in the region. In addition, PremiAir Aviation Maintenance, an Australian service centre acquired by Textron Aviation in 2020, has changed its name to Textron Aviation Australia Pty Ltd. to fully integrate the Perth, Gold Coast and
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Veryon, a prominent provider of information services and software solutions for the aviation industry, has been selected by Sharp Airlines to oversee its airworthiness, flight operations and maintenance activities. The Australian regional carrier now employs Veryon Tracking+, an all-inclusive aircraft management platform, to manage its fleet of nearly 20 aircraft for maintenance, inventory and flight
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