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Avolon completes US$10.38bn acquisition of CIT Group aircraft leasing business

Avolon Holdings, the international aircraft leasing company, has completed the acquisition of the aircraft leasing business of CIT Group. Avolon is now the world’s third largest aircraft leasing company with a combined fleet, as of December 31, 2016, of 868 aircraft valued at over US$43bn. Avolon now serves 149 customers in 62 countries with approximately

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Pemco secures Air Incheon contract for B737-400 passenger to frighter conversion

PEMCO World Air Services (PEMCO) has signed an agreement with South Korea-based Air Incheon for the passenger to frighter conversion of one B737-400 aircraft (MSN 25857). Air Incheon, which is currently operating one PEMCO-converted B737-400 (MSN 25190), will take redelivery of its latest aircraft in Q3 2017.

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STG Aerospace marks the way on Boeing 787 Dreamliner

STG Aerospace, a world leader in lighting technologies for aircraft interiors, has won a major new contract to supply Boeing with its next generation photoluminescent floor path marking system, saf-Tglo SuperSeal UltraLite (SSUL), for the Boeing 787 Dreamliner. This latest contract win builds on the company’s outstanding performance and service delivery as a Tier 1

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Finnair takes delivery of eighth A350 aircraft and closes sale and leaseback agreement

Finnair has finalised an arrangement, announced previously as a memorandum of understanding, by which it sells the Airbus A350 aircraft delivered on April 3, to GE Capital Aviation Services (GECAS) and leases the aircraft back for its own operation. The initial lease period is 12 years, and the lease includes extension options. The arrangement has

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Satair Group opens new Airbus aftermarket centralised kitting centre

Satair Group has inaugurated an additional centralised aftermarket kitting centre at Hamburg to add significant extra capacity to its already impressive kit marshalling capability for Airbus aircraft and to achieve another milestone in the logistic & supply chain history of Airbus and Satair Group. Opened on March 13, 2017, Satair Group’s Kit Factory Unit 2

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Mike Marie joins Universal Avionics as Regional Sales Manager for Central U.S.

Universal Avionics announced that Mr. Mike Marie has been appointed to the position of Regional Sales Manager for Central United States. Mike is based in the Columbus, Ohio area and joins Universal Avionics with over 25 years of experience in the aviation industry. Before joining Universal, Mike was employed with Sandel Avionics, DAC International, Avidyne,

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Waypoint Leasing places two additional AW139 aircraft with Heliconia

Waypoint Leasing has delivered two additional AW139 helicopters to Heliconia Group (“Heliconia”), a regional provider of helicopter transportation and related support services. These two aircraft join a third AW139 leased from Waypoint, all in support of oil and gas operations in Northwest Africa. Over the last month, Waypoint has placed eight aircraft on lease with

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