Thomas Cook is set to return to European ownership after Chinese Fosun agreed to sell the UK travel company to Polish travel platform eSky. Fosun will sell Thomas Cook, excluding its Chinese operations, to eSky for up to £30 million. Thomas Cook, established in 1841, went bankrupt in 2019 after failing to secure a £1.1 […]
eSky to acquire Thomas Cook from China’s Fosun Read More »
Since CVC Capital Partners acquired Ontic from BBA Aviation in 2019, the company has experienced significant growth. Ontic is now set to enter a new investment cycle to address the evolving needs of aircraft operators and licensors. This investment will focus on enhancing customer support teams, expanding repair capabilities, bolstering supply chain and sustainment engineering
Ontic expands with new investment from CVC and new investors Read More »
The EASA has mandated inspections for the Airbus A350-1000 fleet, which is equipped with Rolls-Royce Trent XWB-97 engines. This precautionary measure follows a serious incident involving a Cathay Pacific flight from Hong Kong earlier this week. EASA’s Emergency Airworthiness Directive (AD) 2024-0174-E requires a phased, one-off inspection of the flexible fuel hose connections inside the
EASA orders inspections for Rolls-Royce Trent XWB-97 engines Read More »
Azorra has announced the delivery of an Airbus A220-300 to Cyprus Airways, marking the beginning of a new partnership with the Cypriot flag carrier. The aircraft, previously operated by Egyptair, is part of a batch of 12 A220s acquired by Azorra in February 2024. John Evans, CEO and Founder of Azorra, expressed his satisfaction with
Azorra delivers first Airbus A220 to Cyprus Airways Read More »
The Arab Organization for Industrialization (AOI), has received a supplier certificate from aircraft engine manufacturer Safran Aircraft Engines. This certification follows a cooperation agreement signed in December 2023 for the maintenance, repair, and overhaul of the Larzac engine. With this certification, AOI is now a globally authorised and licensed provider for the engines used in
AOI and Safran sign Larzac engine maintenance agreement Read More »
Unical Aviation, has announced the acquisition of ecube Solutions, a global expert in aircraft storage, disassembly, and transition services, with bases in the UK, Spain and the USA. This strategic acquisition marks a significant milestone in Unical’s ongoing expansion across Europe, the Middle East, and Africa (EMEA) and reinforces the company’s commitment to delivering comprehensive
Unical Aviation announces ecube Solutions acquisition Read More »
Curtiss-Wright Corporation has announced it has been awarded a £20 million (US$26.4 million) multi-year contract by the Belgian Air Force to modernise its aircraft arresting systems. Under the agreement, Curtiss-Wright will supply new cable systems and related turnkey services to three airbases, preparing for the arrival of the F-35 aircraft in Belgium and ensuring effective
Curtiss-Wright lands £20 Million Belgian Air Force contract Read More »
Genesis, a Dublin-based commercial aircraft leasing company, has announced that BayernLB has joined its US$450 million warehouse facility as a co-lender. The facility, initially led by CitiBank, now includes BayernLB alongside Morgan Stanley and Bank of America as co-lenders, further strengthening Genesis’ financial partnerships. Genesis Chief Financial Officer Adam Smyth expressed his satisfaction with the
Genesis adds BayernLB to US$450 million credit facility Read More »
