ITOCHU Corporation has agreed to acquire a stake in Aviation Capital Group (ACG), joining Tokyo Century in the ownership of one of the world’s largest aircraft lessors through a new joint management structure. The Japanese trading house will acquire a 50% equity interest in TC Skyward Aviation U.S., Inc., a wholly owned subsidiary of Tokyo […]
ITOCHU to join ACG ownership in US$1.95bn deal Read More »
Dviation Technics has been appointed as the line maintenance provider for Riyadh Air at Kuala Lumpur International Airport, supporting the Saudi carrier’s launch into Southeast Asia. The appointment coincides with Riyadh Air’s inaugural service between Riyadh and Kuala Lumpur, which began on 31 July with a three-times-weekly Boeing 787-9 Dreamliner operation powered by GEnx engines.
Dviation wins Riyadh Air maintenance contract in Kuala Lumpur Read More »
Somon Air has taken delivery of its first Boeing 737-8, becoming the first airline in Tajikistan to operate the 737 MAX as it advances its fleet modernisation and network expansion plans. The aircraft is the first of two 737-8s being leased from Dubai Aerospace Enterprise (DAE). It will operate short- and medium-haul services across Central
Somon Air takes delivery of first 737 MAX Read More »
Vallair has appointed Valentina Pilshchikova as Director Asset Trading, placing the long-serving executive in charge of the company’s aircraft and engine asset trading activities. Based in Luxembourg, Pilshchikova will oversee the development of new business opportunities, strengthen relationships with customers and partners, identify aircraft and engine acquisition and sales prospects, and work with internal teams
Vallair promotes Pilshchikova to lead asset trading Read More »
Brazil’s Administrative Council for Economic Defense (CADE) has unconditionally approved American Airlines’ planned US$100 million investment in Azul, clearing the US carrier to acquire a minority stake of around 8% in the Brazilian airline, according to The Rio Times. CADE’s technical staff issued a favourable opinion on July 31, concluding that the transaction poses no
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ORIX Aviation Systems Limited (ORIX Aviation) has agreed to acquire AerFin Limited, marking its entry into the aviation aftermarket sector. The transaction, which is subject to regulatory approvals, is expected to complete by the end of 2026. The acquisition expands ORIX Aviation’s capabilities beyond aircraft leasing and asset management into used serviceable material (USM), airframe
ORIX Aviation to acquire AerFin in aftermarket expansion Read More »
