Aircraft aftermarket solutions provider 3TOP Aviation Services has appointed Matthew Clay as Chief Financial Officer. He joins the company with senior finance leadership experience across the banking, insurance and aviation sectors. He will oversee 3TOP’s financial strategy as the company pursues its growth and transformation plans. Chief Executive Chris Emechete said Clay’s experience would support […]
3TOP names Matthew Clay new CFO Read More »
Atlas Air Worldwide (Atlas) has completed its previously announced strategic investment in Air Atlanta, acquiring a 49% minority stake in the Icelandic ACMI operator and expanding its global wide-body operating platform. As part of the transaction, Atlas subsidiary Titan Aviation Holdings acquired the aircraft owned by the Air Atlanta group and entered into a long-term
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Daher Aircraft has delivered the first TBM 980 to a customer in Brazil, marking the introduction of its latest high-performance turboprop in one of the company’s key growth markets. The aircraft was delivered to a Brazilian entrepreneur upgrading from a TBM 900. The customer selected the TBM 980 for its third-generation Garmin G3000 PRIME avionics,
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Boeing has received an amended type certificate (ATC) from the U.S. Federal Aviation Administration (FAA) for the 737-7, clearing the aircraft for entry into commercial service. The certification follows a multi-year programme conducted under FAA oversight, including extensive flight and ground testing, human factors evaluations and system safety assessments. The approval validates the aircraft’s design
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ITOCHU Corporation has agreed to acquire a stake in Aviation Capital Group (ACG), joining Tokyo Century in the ownership of one of the world’s largest aircraft lessors through a new joint management structure. The Japanese trading house will acquire a 50% equity interest in TC Skyward Aviation U.S., Inc., a wholly owned subsidiary of Tokyo
ITOCHU to join ACG ownership in US$1.95bn deal Read More »
Dviation Technics has been appointed as the line maintenance provider for Riyadh Air at Kuala Lumpur International Airport, supporting the Saudi carrier’s launch into Southeast Asia. The appointment coincides with Riyadh Air’s inaugural service between Riyadh and Kuala Lumpur, which began on 31 July with a three-times-weekly Boeing 787-9 Dreamliner operation powered by GEnx engines.
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Somon Air has taken delivery of its first Boeing 737-8, becoming the first airline in Tajikistan to operate the 737 MAX as it advances its fleet modernisation and network expansion plans. The aircraft is the first of two 737-8s being leased from Dubai Aerospace Enterprise (DAE). It will operate short- and medium-haul services across Central
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Vallair has appointed Valentina Pilshchikova as Director Asset Trading, placing the long-serving executive in charge of the company’s aircraft and engine asset trading activities. Based in Luxembourg, Pilshchikova will oversee the development of new business opportunities, strengthen relationships with customers and partners, identify aircraft and engine acquisition and sales prospects, and work with internal teams
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Brazil’s Administrative Council for Economic Defense (CADE) has unconditionally approved American Airlines’ planned US$100 million investment in Azul, clearing the US carrier to acquire a minority stake of around 8% in the Brazilian airline, according to The Rio Times. CADE’s technical staff issued a favourable opinion on July 31, concluding that the transaction poses no
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ORIX Aviation Systems Limited (ORIX Aviation) has agreed to acquire AerFin Limited, marking its entry into the aviation aftermarket sector. The transaction, which is subject to regulatory approvals, is expected to complete by the end of 2026. The acquisition expands ORIX Aviation’s capabilities beyond aircraft leasing and asset management into used serviceable material (USM), airframe
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