ITP Aero, a global reference in aerospace propulsion, has signed a binding agreement to acquire Aero Norway, an well known MRO provider specialising in the overhaul and repair of CFM56 engines. The agreement represents a substantial milestone in ITP Aero’s global growth strategy and reinforces its commitment to expanding its aftermarket services capabilities. Based in […]
ITP Aero to acquire Aero Norway Read More »
Aircraft Engine Lease Finance Inc. (AELF) has acquired two Boeing 737-800 aircraft, both manufactured in 2015, from ICBC Aviation Leasing (ICBC). The aircraft are currently on lease to Aerolíneas Argentinas, marking AELF’s first assets placed with the Argentine flag carrier. The transaction represents AELF’s first completed deal with ICBC and reflects the complementary nature of
AELF acquires two B737-800s from ICBC Aviation Leasing Read More »
Airbus Helicopters, through the NHIndustries joint venture, has delivered the first NH90 Sea Tiger helicopter to the German Navy. A total of 31 aircraft are scheduled for delivery by 2030. The NH90 Sea Tiger will be deployed for anti-surface and anti-submarine warfare missions, forming a core element of the German Navy’s future maritime combat capability.
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AerFin, the aviation asset specialist focused on the buying, selling, leasing and repair of aircraft, engines and parts, has acquired a third B777-300ER, previously operated by Japan Airlines. The latest acquisition further strengthens AerFin’s established capability in supporting the global B777 market. The company holds extensive B777 inventory across its warehouses in the UK, the
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BAE Systems has been awarded an US$11 million contract by Korea Aerospace Industries (KAI) to integrate the AN/APX-127(V)1 Combined Interrogator Transponder (CIT) on the KF-21 Boramae aircraft. The latest Identification Friend or Foe (IFF) system enhances decision-making by enabling pilots to more effectively distinguish allied forces from potential threats in contested operational environments. Designed for
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Spirit Aviation Holdings has reached an agreement with its senior secured noteholders to amend its debtor-in-possession (DIP) credit agreement, enabling the previously agreed third funding round of incremental financing totalling US$100 million to be completed on December 15. Under the amended terms, US$50 million (net of original issue discount) is immediately available to the company.
Spirit advances restructuring plans Read More »
The Asian Development Bank (ADB) and Air Niugini have signed a US$35.8 million financing package to support the modernisation of Papua New Guinea’s national airline fleet. The investment is aimed at improving operational efficiency, further enhancing safety standards, and strengthening the country’s domestic and international air connectivity, with wider benefits for Papua New Guinea’s social
Asian Development Bank backs Air Niugini fleet renewal Read More »
Aergo Capital (Aergo) has completed the acquisition of a Boeing 737 MAX 8 aircraft from Aircastle. The aircraft, manufacturer serial number 60513, is currently on lease to Canadian airline WestJet. Fred Browne, Chief Executive Officer of Aergo Capital, commented: “We are pleased to complete the acquisition of this Boeing 737 MAX 8 from Aircastle. I
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The Government of Canada has confirmed the purchase of six Bombardier Global 6500 aircraft to undertake worldwide utility flights and support a broad range of missions, including aeromedical evacuations, disaster relief, humanitarian assistance and national security operations. The agreement was marked today at Bombardier’s Global Aircraft Assembly Centre in the Greater Toronto Area, where the
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Kuehne+Nagel, one of the world’s leading logistics providers, and Swiss International Air Lines (SWISS), Switzerland’s premium airline, are strengthening their strategic partnership to accelerate progress in sustainable aviation. With the signing of an MoU, the two companies have agreed to collaborate more closely on sustainability initiatives, with a particular emphasis on innovative technologies that improve
Kuehne+Nagel and SWISS deepen sustainable aviation partnership Read More »
