10 February 2025

Avolon reported a 79% increase in net income in 2024 © Avolon

Aircraft lessors settle insurance disputes over Russia-stranded jets

Financial

Aircraft lessors Avolon and BOC Aviation have settled lawsuits in the High Court against insurers over jets stranded in Russia after Western sanctions in 2022, the companies announced on February 7. According to REUTERS, the trial, which began last June, involved approximately US$2.7 billion in insurance claims. SMBC Aviation Capital, another major lessor, confirmed it […]

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Satys Group has opened a state-of-the-art aircraft painting hangar at DWC Airport © Satys Group

Satys Group opens aircraft painting hangar at DWC Airport

Other News

Satys Group (Satys), a French industrial group, has announced the opening of a state-of-the-art aircraft painting hangar at Dubai World Central (DWC) Airport. This cutting-edge facility highlights Satys’ continued commitment to innovation and excellence within the aerospace industry. Founded in 1986 in Blagnac, France, under the name STTS, Satys operates in 12 countries across Europe,

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Private equity firms Warburg Pincus and Berkshire Partners will acquire TRIUMPH through a newly formed entity © Shutterstock

TRIUMPH Group to be acquired in US$3 billion private equity deal

Financial

TRIUMPH Group (TRIUMPH) has released that it has entered into a definitive agreement under which affiliates of growth-focused private equity firms Warburg Pincus and Berkshire Partners will acquire TRIUMPH through a newly formed entity for a total enterprise value of approximately US$3 billion. Upon completion of the transaction, TRIUMPH will become a privately held company,

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FL Technics LLC will provide maintenance for Fly Vaayu’s Airbus A320P2F aircraft © Airbus

FL Technics strengthens Middle East presence with Fly Vaayu maintenance deal

MRO & Production

FL Technics, a globally recognised provider of aviation MRO solutions, is strengthening its presence in the Middle East. This year, its subsidiary, FL Technics LLC, has begun providing fleet support for UAE-based airline Fly Vaayu, which operates across the Indian subcontinent, Southeast Asia, and beyond. Arif Alameri, Managing Director of FL Technics LLC, highlighted the

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Panasonic Avionics will provide in-flight entertainment maintenance support for its fleet of 32 Boeing 787 Dreamliners © Panasonic Avionics

Panasonic Avionics secures ten-year maintenance deal with Riyadh Air

MRO & Production

Panasonic Avionics Corporation has signed a landmark ten-year agreement with Riyadh Air, Saudi Arabia’s premium global airline, to provide in-flight entertainment maintenance support for its fleet of 32 Boeing 787 Dreamliners. As part of the deal, Panasonic Technical Services (PTS) will establish a dedicated line maintenance station in Riyadh. Highly specialised technical teams with expertise

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Groundbreaking at LTCS' facility in Tulsa © Lufthansa Technik

LTCS expands Tulsa facility

MRO & Production

Lufthansa Technik Component Services (LTCS), a U.S. subsidiary of Lufthansa Technik, has commenced construction on an expansion at its facility at Tulsa International Airport. The multi-million-dollar investment is aimed at reinforcing Lufthansa Technik’s position as a leading provider of aircraft component services in the Americas. The expansion will increase the total facility size to over

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