Dubai Aerospace Enterprise (DAE) has signed a definitive agreement to acquire 100% of Sky Fund I Irish, Ltd. and its subsidiaries (Sky Fund I). Sky Fund I owns and is committed to own 36 aircraft on lease to 14 airline customers in 11 countries. Next-generation-technology aircraft represent more than 90% of the acquired portfolio. DAE’s […]
DAE signs definitive agreement to acquire Sky Fund I Read More »
Nasmyth Group has announced the appointment of Tony Upton as its new Chief Executive Officer (CEO). Upton has held several senior executive roles within the aerospace and defence industry and most recently was the CEO of Gardner Aerospace, having previously been CFO since 2018. Prior to this he held financial and operational roles at Eaton,
Tony Upton becomes new CEO for Nasmyth Group Read More »
On September 30, Robinson Helicopter Company (Robinson) received FAA certification for its Night Vision Goggles (NVG) compatible configuration on its R66 Police helicopter. For NVG compatibility, the helicopter’s interior and exterior lighting along with the aircraft’s instruments and avionics were evaluated to certify the helicopter for operation day or night with or without the use
FAA certifies NVG-compatible cockpit for R66 Police helicopter Read More »
AAR CORP has signed a long-term agreement with Unison Industries to significantly expand its distribution of Unison’s aviation, aerospace and civil land vehicle products. This agreement broadens AAR’s distribution of select Unison ignitor plugs, ignition leads, harnesses and related spare parts to cover aftermarket customers worldwide. This builds on the existing partnership between AAR and
AAR expands long-term relationship with Unison Industries Read More »
As it comes out the other side of the COVID pandemic Swissport, the Swiss aviation services company providing airport ground, lounge hospitality and cargo handling services has successfully completed a new €600 million Term Loan offering whilst also entering into a new €200 million Super Senior Revolving Credit Facility. The funds will be used for
SAS AB has reached agreements with ten lessors, representing in aggregate 36 aircraft, to amend the terms of existing aircraft and equipment lease agreements. The agreements constitute an important step in reconfiguring the fleet and achieving an SEK 7.5 billion in annual cost savings under the SAS FORWARD plan. The amended lease agreements are subject
SAS reaches amended lease agreements with ten lessors representing 36 aircraft Read More »
Airbus has started development flight testing of the GTF Advantage engine on an A320neo aircraft. This early flight test campaign will continue to mature the engine by testing it in a variety of environments, including hot and cold weather and operation from high-altitude airports. The flight test campaign is an extension of ongoing product development
Pratt & Whitney GTF Advantage™ flight testing starts on Airbus A320neo aircraft Read More »
In September, Finnair carried 890,500 passengers, which was 198.7% more than in September 2021. The number of passengers in September 2022 was 1.1% more than in August 2022 (month-on-month figures are not fully comparable as there was one day less in September). The COVID-19 impact, including the strict travel restrictions imposed by many countries, still
Finnair reports traffic performance for September 2022 Read More »
GKN Aerospace has acquired a pioneering Swedish additive manufacturing system business, as part of its engine business’ journey to transform its supply chain and offer more sustainable and advanced material solutions to customers. Permanova Lasersystem AB, based in Gothenburg, is a leader in advanced laser technology and cell integration and is a current supplier of
Abelo, the Irish-based regional aircraft leasing platform specialising in turboprop aircraft, has appointed Richard Hill to the role of Chief Financial Officer with immediate effect. Hill has over 15 years of experience in the aviation sector, holding several senior finance and commercial roles within airlines and airports. His financial expertise, as well as more experience
Abelo names Richard Hill CFO Read More »
