Dubai Aerospace Enterprise (DAE) has announced the signing of a definitive agreement to acquire 100% of the Nordic Aviation Capital group (NAC), an aircraft leasing company established over 30 years ago. Financial terms of the transaction were not disclosed. As of September 2024, NAC’s fleet consisted of 252 owned and committed assets leased to around […]
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ECS Group has inked a total cargo management (TCM) contract with JetSMART Airlines, South America’s low-cost carrier group. The contract, which began on January 1, 2025, marks the first-ever TCM agreement with a regional airline in South America. JetSMART Airlines operates under four national air operator certificates (AOCs)—in Chile, Colombia, Peru, and Argentina—covering extensive domestic
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Qatar Executive, the private jet charter division of Qatar Airways Group, has added two more Gulfstream G700 aircraft to its fleet, increasing its total fleet size to 24. This latest delivery brings the number of G700s in Qatar Executive’s fleet to six, with four more scheduled for delivery in 2025 and early 2026. The company’s
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In December 2024, Norwegian Air Shuttle (Norwegian) and Widerøe transported a combined total of 1,769,513 passengers, with Norwegian carrying 1,476,256 and Widerøe 293,257. For the year, more than 26.4 million passengers travelled with the two airlines, marking a significant achievement for the group. Norwegian’s capacity, measured in available seat kilometres (ASK), rose by 24% year-on-year
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Monolith, an artificial intelligence (AI) software provider for engineering teams, has partnered with Vertical Aerospace (Vertical), a global pioneer in zero-emission aviation. The collaboration aims to optimise testing and simulation processes for Vertical’s eVTOL aircraft, improving performance and accelerating the VX4’s journey to market. Developing eVTOL aircraft is notoriously complex, with flight and ground tests
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Alaska Airlines has announced the appointment of John Wiitala as its new Vice President of Maintenance and Engineering. In this key leadership position, Wiitala will oversee teams across the division, ensuring the highest standards of safety and compliance for Alaska’s fleet of over 237 mainline Boeing aircraft operating across multiple maintenance bases. Wiitala brings extensive
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AerCap Holdings N.V. has unveiled a summary of its major business transactions for both the full year and the fourth quarter of 2024, showcasing remarkable accomplishments in leasing, purchasing, sales and shareholder returns. For the full year 2024, AerCap signed 496 lease agreements, completed 150 purchases and concluded 166 sale transactions. The company also secured
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