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Magnetic MRO appoints Risto Mäeots as new Chief Executive Officer

Magnetic MRO, Estonia-headquartered Total Technical Care company, announced today of the upcoming changes in its leadership team. From December 1st, 2016 Risto Mäeots will be promoted from his current Chief Operating Officer position to the Chief Executive Officer position and will resume responsibility for overall company direction. Incumbent company CEO Jonas Butautis will move to […]

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Aergo Capital acquires four Bombardier Q400 NextGen aircraft on lease to Ethiopian Airlines

Aergo Capital has acquired the ownership interest in a BVI entity which holds the ownership interest in four Bombardier Q400 NextGen aircraft. The existing financing with Export Development Canada will remain in place. The four 2014 vintage aircraft bear Manufacturers Serial Numbers’ 4469, 4472, 4475 and 4476. All four aircraft are on long term operating

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LATAM- Qatar Airways JV gets go ahead, but LATAM- IAG JV stalls

Brazil’s competition authority, CADE, has given the go ahead for Qatar Airways to take a 10% stake in Latin America’s largest airline, LATAM, at an estimated value of US$600 million. However, CADE has certain misgivings about an investment from International Airlines Group (IAG) who owns LATAM oneworld partners British Airways and Iberia, which has caused

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GAMECO endorsed as A380 Centre of Excellence in China

Airbus endorsed GAMECO as “A380 Center of Excellence in China”, in recognition of the outstanding MRO work performed by GAMECO on the China Southern A380 fleet. Since the beginning of A380 operation in China in 2011, GAMECO has been always at the forefront, providing state-of-the-art line & base maintenance services including extensive modifications to the

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NAC signs purchase and lease back agreement with Air Europa for seven Embraer E195s

Nordic Aviation Capital (NAC) has confirmed that it has purchased and immediately leased back seven Embraer E195s to Air Europa. This transaction involved MSNs 19000303, 19000344, 19000357, 19000401, 19000425, 19000437 and 19000452. The aircraft will be operated by Air Europas sister company, Aeronova.

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PPG coatings systems selected by Airbus for A350-1000 launch aircraft

One of three Airbus A350-1000 flight-test aircraft has been painted in the Airbus livery with a selectively strippable system by PPG that shortens repaint cycle time using DESOTHANE HD 9008 basecoat-clearcoat for high-intensity, long-lasting color. A PPG low-density fuel tank and fuselage sealant provides the three flight-test aircraft with weight savings compared with traditional sealants

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