SR Technics has announced the appointment of Florent Leforestier as the new Senior Vice President of Procurement, effective September 1 2024. He succeeds Fritz Beiner, who is pursuing a new opportunity outside the company. Florent Leforestier brings over 20 years of experience in the aerospace industry, including more than a decade at SR Technics supporting […]
SR Technics appoints new Senior Vice President of Procurement Read More »
Pegasus Airlines has entrusted Lufthansa Technik with the comprehensive base maintenance of its rapidly expanding Airbus A320 family fleet. The recently signed three-year agreement includes over 60 checks on A320ceo, A320neo, and A321neo aircraft for Türkiye’s second-largest airline. All contracted services will be carried out at a dedicated overhaul line at Lufthansa Technik Sofia. “The
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AviLease, a global aircraft lessor has announced the successful raising of a US$2.5 billion, five-year unsecured term facility. This facility will be utilised, among other purposes, to fully refinance a bridge facility that AviLease secured in 2023 when it acquired Standard Chartered’s aircraft leasing platform. The financing is split into two parts: a conventional facility
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Electra has appointed Marc Allen as its new Chief Executive Officer. Allen joins Electra after a distinguished career at The Boeing Company, where he most recently held the position of Chief Strategy Officer and Senior Vice President for Strategy and Corporate Development. During his tenure at Boeing, Allen led the US$5 billion customer finance business
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Cathay Pacific has announced that maintenance work on its A350 fleet is making good progress, the airline’s engineering-team having conducted a thorough inspection of all operational A350 aircraft over a 24-hour period. So far, 15 aircraft have been identified with engine components that need replacing, and three of these have already been successfully repaired. The
Cathay Pacific replaces parts in 15 A350s following engine issues Read More »
Stratos, an aircraft investment specialist and asset manager, has announced the delivery of an Airbus A330-200 on a long-term operating lease to Iberia, Spain’s largest airline and a member of the International Airlines Group (IAG). The aircraft (MSN 1319), owned by a US-based investor, was recovered from Virgin Australia and transitioned to Iberia. It will
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Avation PLC (Aviation), a commercial passenger aircraft leasing company, has announced the sale of two ATR 72-600 aircraft to Danish Air Transport (DAT). The two aircraft, acquired by Avation in 2018, were originally leased to DAT under agreements that included purchase options. DAT has now exercised these options, and the sales of both aircraft have
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A ceremony at Incheon Airport on August 30 marked the launch of Korean Air’s Sustainable Aviation Fuel (SAF) initiative. The event was attended by several high-profile figures, including Sangwoo Park, Minister of Land, Infrastructure and Transport (MOLIT); Dukgeun Ahn, Minister of Trade, Industry and Energy; Sanghyup Kim, Co-Chairman of the Carbon Neutrality and Green Growth
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Preligens; a company specialising in artificial intelligence (AI) for aerospace and defence, has officially joined Safran. The acquisition was completed for an enterprise value of €220 million (US$244 million). Preligens will be rebranded as Safran.AI and will become part of Safran Electronics & Defense. Founded in 2016, Preligens specialises in AI analytics-solutions for high-resolution imagery,
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The Technical and Vocational Skills Development Commission (TVSDC) has signed a partnership agreement with Jordan Aircraft Maintenance Limited (Joramco), in a ceremony attended by Joramco’s Chief Executive Officer, Fraser Currie, and Chief People and Performance Officer, Hana Ibsais. This collaboration is designed to advance vocational training for both parties and create new opportunities for young
Joramco enhances aircraft-maintenance training for Jordanian-youth Read More »
