Mesa Air Group has released that it expects to receive US$92.5 million in assistance from the Treasury Department under the Payroll Support Program as part of the Coronavirus Aid, Relief and Economic Security (CARES) Act. The funds can only be used for the continuation of payment of employee wages, salaries, and benefits for the period […]
Singapore Technologies Engineering (ST Engineering) has secured new contracts worth about SG$1.6 billion, secured by its Aerospace and Electronics sectors in the first quarter of 2020. These contracts are over and above a defense contract that its Land Systems arm secured. The group’s aerospace sector secured about SG$838 million across its spectrum of aviation manufacturing
ST Engineering secures S$1.6 billion worth of new contracts for first-quarter 2020 Read More »
HAECO Cabin Solutions has launched new, certifiable devices to allow package stowage in the main passenger cabin. As the COVID-19 environment developed, the company noted that airlines were beginning to use passenger flights strictly for cargo. At the same time, social distancing directives were being instituted nationwide. HAECO quickly developed solutions to allow airlines to
HAECO launches passenger aircraft interior stowage devices Read More »
BOC Aviation (USA) has reported that it entered into an agreement with United Airlines pursuant to which it agreed to purchase six Boeing 787-9 aircraft and 16 Boeing 737-9 MAX aircraft from the United and to lease the aircraft back to the airline. The Transaction is scheduled to close in 2020.
BOC Aviation signs purchase and leaseback deal for 22 Boeing aircraft with United Read More »
GECAS, the aircraft leasing arm of General Electric Co, has canceled an order for 69 of the Boeing 737 MAX jets that has remained grounded since March 2019, citing a desire to evaluate its order book during the COVID-19 pandemic. Currently, GECAS maintains 29 737 MAX jets and still has a further 82 of the
More woes for 737 MAX program as GECAS cancels order for 69 of the jets Read More »
Skyworld Aviation has arranged the sale of two ERJ 145 EP aircraft on behalf of owner Cymus Holding AB of Sweden. Skyworld has lease-managed both aircraft since leaving original operator Skyways of Sweden, back in 2004, when the two aircraft went through an FAA conversion and moved to the U.S. Both aircraft operated with a
Skyworld Aviation arranges sale of two ERJ 145 EP aircraft Read More »
GE Aviation has signed an exclusive Authorized Repair and Services Provider Agreement with Brightwater United Aero Group (UAG) to cover certain non-military customers flying GE’s reliable T700 helicopter engine. Brightwater UAG, based in Shelton, Connecticut, in conjunction with Brightwater Arista Aviation Services Group, Alabama, and the worldwide network of GE Licensed Maintenance, Repair and Overhaul
GE, Brightwater UAG sign agreement for T700 engine support Read More »
In its latest meeting, the Board of Directors of SN Airholding has decided to appoint Jan Smets as its Co-Chairman. He takes over with immediate effect from Etienne Davignon who remains member of the Board of Directors. Thorsten Dirks, Member of the Lufthansa Group Executive Board & Chief Officer IT, Digital & Innovation, will chair
Jan Smets to take over as Co-Chairman of the Board of Directors of SN Airholding Read More »
With almost two thirds of all aircraft financed by asset backed securities (ABS) now grounded due to the COVID-19 crisis, receipts of both aircraft rental and maintenance payments are likely to fall, according to aviation consultants IBA. Data from IBA.iQ indicates that 62% of all aircraft in ABS finance structures created since 2015 are either parked
In the coming weeks, Lufthansa will temporarily decommission the entire Airbus A340-600 fleet. Three aircraft of this type have already been flown to Teruel, in northeastern Spain, where the long-haul aircraft will be parked at the airport. Lufthansa plans to transfer the entire A340-600 fleet, equaling 17 aircraft, to Teruel where they will be decommissioned
Lufthansa begins temporary decommission of A340-600 fleet Read More »
