Friday September 6, 2024
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 ...
Read More »Friday September 6, 2024
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 ...
Read More »Friday September 6, 2024
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 Emergenc...
Read More »Friday September 6, 2024
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 20...
Read More »Friday September 6, 2024
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 overha...
Read More »Friday September 6, 2024
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 ...
Read More »Friday September 6, 2024
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 relate...
Read More »Thursday September 5, 2024
Egyptair Maintenance & Engineering (Egyptair M&E) has announced the signing of a memorandum of understanding (MoU) with Airbus. This partnership strengthens Egyptair M&E's position as a global leader in aviation maintenance and repair services (MRO...
Read More »Thursday September 5, 2024
Air India has officially launched construction of a pioneering base maintenance facility at Kempegowda International Airport in Bengaluru. Spanning 35 acres, this facility marks a significant collaboration between Air India, the Government of Karnataka, and Be...
Read More »Thursday September 5, 2024
SITA has announced the appointment of Shawn Gregor as company President of the Americas and Selim Bouri as company President of the Middle East and Africa. Both bring extensive experience from the travel and transport, telecommunications, and IT sectors. Shawn...
Read More »Thursday September 5, 2024
HAECO has announced a long-term partnership with Safran Aircraft Engines for the installation of the reverse bleed system (RBS) on LEAP engines. This collaboration reinforces HAECO's reputation as a trusted provider of high-quality engine services and its comm...
Read More »Thursday September 5, 2024
Swiss aircraft developer JEKTA has signed its first lessor agreement with Solyu for 30 PHA-ZE 100 zero-emissions amphibious aircraft. This deal boosts JEKTA's advanced commitments for its amphibious aircraft to over US$1 billion. Based in Seoul, South Korea, S...
Read More »Thursday September 5, 2024
Deutsche Aircraft has contracted Jaivel Aerospace to update and develop design and manufacturing standards for the 40-seater D328eco regional turboprop. This follows a successful pilot programme created by the Deutsche Aircraft and Jaivel Aerospace teams, base...
Read More »Wednesday September 4, 2024
Aerovías de México, a subsidiary of Grupo Aeroméxico has successfully closed a US$200 million syndicated revolving credit line for a three-year term, marking its strong return to the Mexican banking market. In this transaction, BBVA México served as the so...
Read More »Wednesday September 4, 2024
Aegean Airlines has invested €25 million in Barcelona-based budget carrier Volotea. This capital injection is part of a larger fundraising effort involving Volotea's existing shareholders, totalling €50 million. Aegean made the investment through a profit-...
Read More »Wednesday September 4, 2024
Heart Aerospace, a hybrid-electric aircraft manufacturer and Loganair a UK regional airline, have announced an exclusive partnership aimed at decarbonising regional air travel across the United Kingdom. Under this agreement, Loganair and Heart Aerospace will w...
Read More »Wednesday September 4, 2024
AerFin has officially announced the launch of its new brand as it continues its global expansion and transformational growth. Over the past decade, AerFin has twice been recognised as Europe's fastest-growing aviation and defence business. The company has now ...
Read More »Wednesday September 4, 2024
SR Technics has announced the appointment of Florent Leforestier as the new Senior Vice President of Procurement, effective September 1 2024. He succeeds Fritz Beiner, who is pursuing a new opportunity outside the company. Florent Leforestier brings over 20 ye...
Read More »Wednesday September 4, 2024
Pegasus Airlines has entrusted Lufthansa Technik with the comprehensive base maintenance of its rapidly expanding Airbus A320 family fleet. The recently signed three-year agreement includes over 60 checks on A320ceo, A320neo, and A321neo aircraft for Türkiye'...
Read More »Tuesday September 3, 2024
AviLease, a global aircraft lessor has announced the successful raising of a US$2.5 billion, five-year unsecured term facility. This facility will be utilised, among other purposes, to fully refinance a bridge facility that AviLease secured in 2023 when it acq...
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