Air Transport Services Group (ATSG) released that it has agreed to sell Omni Air International to OAI Holdings, a privately held company led by an aviation-experienced management team, as ATSG sharpens its focus on air cargo and related services. Financial terms of the deal were not disclosed. The transaction is expected to close in the […]
ATSG to sell Omni Air as cargo strategy takes flight Read More »
Avolon and Lesha Bank have agreed to the sale and purchase of a portfolio of 33 aircraft leased to 25 airlines worldwide, the aviation finance companies said. The transaction marks an expansion of the relationship between Avolon and Lesha Bank and highlights continued institutional investor demand for leased aircraft and other aviation assets. Following completion,
Avolon, Lesha Bank agree aircraft portfolio deal Read More »
StandardAero has appointed Paul McElhinney Chief Executive Officer, succeeding Russell Ford, who will remain executive chairman of the board through year-end. McElhinney brings more than three decades of aerospace and industrial leadership experience to the role, including senior positions at GE Aviation Services and GE Power Services. He has also served on StandardAero’s board since
StandardAero names Paul McElhinney CEO Read More »
The U.S. Federal Aviation Administration (FAA) is holding off on certifying Boeing’s 737 MAX 10 until the planemaker resolves a newly disclosed software issue, adding another hurdle to the long-delayed jet’s entry into service, Reuters reported. FAA Administrator Bryan Bedford said Monday that regulators would delay certification of the MAX 10 until they are satisfied
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FTAI Aviation (FTAI) has acquired 27 Boeing 737-700 aircraft from Canadian airline WestJet in one of its largest aircraft transactions to date. Under the deal, FTAI’s 2026 special purpose vehicle (SPV), the second investment vehicle of its Strategic Capital business, acquired 17 737-700s leased to WestJet under a sale-and-leaseback arrangement. FTAI also acquired ten off-lease
FTAI buys 27 Boeing 737-700s from WestJet Read More »
Aviation asset management company Setna iO has confirmed that it has acquired a first-run CFM56-5B4/3 engine previously operated by Air Cairo. The engine has about 11,000 cycles remaining on its Fan & Booster and Bearing Support modules and 6,000 cycles on its Low-Pressure Turbine module, providing substantial remaining service life. Setna iO said the engine
Setna iO acquires Air Cairo CFM56 engine Read More »
Liebherr-Aerospace has been selected by Taiwan-based China Airlines to provide exchange and overhaul services for the nose landing gear on its fleet of 18 Airbus A350 aircraft. Under the agreement, Liebherr-Aerospace will provide asset exchange services to support the airline’s maintenance planning and fleet availability. “China Airlines is our launch customer in Asia for the
Liebherr wins China Airlines A350 landing gear contract Read More »
RECARO Aircraft Seating Polska has opened an expanded production and office facility in Świebodzin, Poland, following a double-digit million-euro investment that more than doubles the site’s footprint and raises annual production capacity to 100,000 passenger seats. The expansion increases the facility’s total area from about 10,550 m² to more than 22,000 m², while annual production
RECARO opens expanded aircraft seat plant in Poland Read More »
Brazilian aircraft maker Embraer has delivered the first C-390 Millennium multi-mission transport aircraft to the Uzbekistan Air Force, marking the Central Asian country’s entry as an operator of the aircraft. The aircraft was handed over at a ceremony at Embraer’s facility in Gavião Peixoto, Brazil, attended by Major General Akhmad Jamolovich Burkhonov, commander of the
Uzbekistan takes delivery of first C-390 Millennium aircraft Read More »
Sepang Aircraft Engineering (SAE) has signed a contract with Philippine low-cost carrier Cebu Pacific covering 12-year maintenance and end-of-lease (EOL) checks for seven A320 aircraft. The agreement was signed during MRO Asia in Singapore, with the checks to be carried out at SAE’s facility at Kuala Lumpur International Airport. The deal builds on the companies’
SAE, Cebu Pacific sign A320 maintenance deal Read More »
