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Amedeo completes management buyout of majority investor

Amedeo, an asset manager and a principal investor focused on widebody aircraft leasing, has completed a management buyout of its majority shareholder Pine Brook, a private investment firm focused on building businesses in the energy and financial services sectors. Financial terms of the private transaction were not disclosed. Amedeo’s four-year partnership with Pine Brook saw

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MAC Aero Interiors gains AS9100 certificate

MAC Aero Interiors has gained AS9100 certificate meeting high quality system requirements in aerospace industry. AS9100 is the standardised model quality management system certified by Lloyds Register Quality Assurance, which has issued our certificate confirming MAC Aero Interiors to be compliant with this internationally recognised quality standard. Following-on from the recent AS9100 certification, MAC Aero

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AerCap to sell US$0.8bn aircraft portfolio to Peregrine Aviation Company

AerCap has signed an agreement to sell a 21-aircraft portfolio to Peregrine Aviation Company (Peregrine), an investment entity established by NCB Capital. NCB Capital has US$37bn of assets under management and is the brokerage arm of the National Commercial Bank, the largest bank in Saudi Arabia. The 21-aircraft portfolio consists of a mix of wide-body

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TrueNoord introduces General Counsel, Joram Lietaert Peerbolte

TrueNoord, the regional aircraft lessor, has appointed its General Counsel, Joram Lietaert Peerbolte. Peerbolte joined the expanding team in November 2017 and his primary responsibilities will be to manage the delivery of in-house legal advice and liaise with all global legal advisers. He will provide guidance and support to the Company in the execution and

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Lufthansa Technik continues training of Air Berlin Technik's trainees

Effective January 1, 2018, Lufthansa Technik AG will be the new training organization for approximately a dozen young people who are currently in training programs at Air Berlin Technik. As a consequence, all of Air Berlin’s aircraft mechanic and avionic trainees who began their training in 2015, 2016 or 2017 will have the opportunity to

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KLM UK Engineering and West Atlantic UK sign contract for airframe maintenance

AFI KLM E&M subsidiary has signed an airframe maintenance contract for 2018 with West Atlantic UK. A European leader in the regional jets and narrow body aircraft market and having an internationally acknowledged expertise on the Boeing 737, Embraer 170/190, BAe146/Avro RJ, Fokker 70/100 & Airbus A320 Family, KLM UK Engineering has confirmed its contract

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1,100 flights canceled as Atlanta’s Hartsfield Jackson Airport loses all power

A fire in underground tunnels led to a crippling power outage and total disruption of services at the world’s busiest airport, Atlanta Hartsfield Jackson Airport, on Sunday. The outage began at 1.00 p.m. local time, and lasted for approximately eleven hours, with power restored just before midnight. The cause of the fire is, as yet,

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