Heike Tamm

Sean Sullivan joins Vx Capital Partners as Chief Financial Officer

People

Vx Capital Partners (Vx) has announced the appointment of Sean Sullivan as its Chief Financial Officer. Sullivan, previously Head of Americas at AerCap, will oversee finance, accounting, and acquisitions. He will lead Vx’s efforts to raise private equity funds and expand its current focus on sale and leasebacks. Sullivan previously held senior positions at International […]

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Brussels Airlines presents turnaround plan to pull out of crisis

Airlines & Routes

The Brussels Airlines management has presented its turnaround plan to the social partners. With the plan, the Belgian airline wants to pull the company out of the crisis that severely hit the financials of Brussels Airlines. At the same time, the airline focuses on structural profitability in order to enable solid growth. The carrier therefore

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StandardAero awarded multi-year U.S. Air Force J85 engine MRO contract

Military & Defense

The United States Air Force (USAF) has awarded StandardAero a US$237 million multi-year contract to provide engine maintenance, repair and overhaul (MRO) services for General Electric J85 turbojet engines powering the USAF fleet of T-38 trainer aircraft.  The multi-year contract will continue into 2028 and all work will be performed at StandardAero’s San Antonio facility,

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Willis Lease Finance reports first-quarter pre-tax profit of US$8.5 million

Financial

Willis Lease Finance has reported first-quarter pre-tax profit and total revenues of US$8.5 million and US$81.6 million, respectively. The company’s first quarter 2020 pre-tax results were impacted by both lower revenue in the core leasing business, which was influenced by a reduction in reported asset usage and reduced spare parts sales, and the one-time expense

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Gulfstream G600 earns type certificate approval from EASA

Aircraft & Engines

The Gulfstream G600™ has earned type certificate approval from the European Union Aviation Safety Agency (EASA), enabling aircraft registrations and deliveries to begin for EU customers. At its high-speed cruise of Mach 0.90, the G600 can carry passengers 5,500 nautical miles/10,186 kilometers nonstop — enough range to travel from London to Los Angeles or from

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GKN Aerospace and Boeing extend partnership on military aircraft contracts

Military & Defense

GKN Aerospace has signed a strategic agreement with Boeing to solidify a continued working partnership until 2023. The agreement covers the production of structural components and assemblies for F/A-18E/F Super Hornet, F-15E Strike Eagle and C-17 Globemaster III. GKN Aerospace has been a sole-source supplier for items such as external surfaces, internal structures, wing trailing

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