Heike Tamm

LCI returns to fixed-wing leasing market with Airbus A330 acquisition

Aircraft & Engines

LCI, a leading aviation leasing company, has re-entered the fixed-wing market with the acquisition of an Airbus A330-300 commercial aircraft. This latest investment program builds upon LCI’s 17-year track record in the fixed-wing market during which it has carried out more than 120 passenger and freighter aircraft transactions worth over US$7 billion. LCI’s long-held fixed-wing […]

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GA Telesis Engine Strategy Group appoints Naji Majdalani Director of Business Development, Middle East

People

GA Telesis (GAT) has appointed Naji Majdalani as Director of Business Development, Middle East, with theEngine Strategy Group. Majdalani is the latest addition to the global sales team tasked with implementing GAT’s Turbine Vision 2020 (TV 2020) program. Additionally, he will be responsible for increasing the Middle East engine overhaul and Specialized Procedures Aeroengine Hospital

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Donecle announces new AMM task for A320 aircraft

MRO & Production

Donecle has announced that its drone is now listed in the Airbus Aircraft Maintenance Manual (AMM) with a task dedicated to lightning strike inspections. This new task is valid worldwide and applicable to all A320-family aircraft.                             This breakthrough comes after a three-year-long qualification program including theoretical analysis, lab testing on representative panels with multiple paint schemes,

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American Airlines and IndiGo sign codeshare agreement

Other News

American Airlines is opening new doors across India this fall thanks to a new codeshare agreement with IndiGo, India’s leading airline. The agreement will place American’s code on 29 of IndiGo’s domestic routes in India, providing a convenient option for American Airlines’ customers arriving on the carrier’s new Bengaluru (BLR) and Delhi (DEL), India, flights.

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Qatar Airways

Qatar Airways annual losses double on pandemic, impairments

Financial, Top Stories

In publishing its Annual Report for 2020/21, covering a challenging year with the ongoing COVID-19 pandemic causing extensive loss of traffic and revenue, Qatar Airways Group has reported a net loss of US$4.1 billion, of which U.S.$2.3 billion was due to a one-time impairment charge related to the grounding of the airline’s Airbus A380 and

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Boeing to add 767-300BCF conversion lines at GAMECO

MRO & Production

Boeing and Guangzhou Aircraft Maintenance Engineering Company (GAMECO) have announced plans to create additional capacity for the 767-300 Boeing Converted Freighter (BCF) to help meet continued strong market demand. The agreement, revealed by the two companies during a signing ceremony at the China International Aviation & Aerospace Exhibition in Zhuhai, will expand freighter conversion capacity

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Rolls-Royce

Rolls-Royce signs agreement to sell ITP Aero for €1.7 billion

Financial

Rolls-Royce has signed a definitive agreement to sell 100% of ITP Aero to Bain Capital Private Equity, which is leading a consortium of investors, for approximately €1.7 billion. The consortium includes interests to be held by Spanish co-investors SAPA and JB Capital. The proposed sale assesses ITP Aero at an enterprise value of approximately €1.8

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Alaska Airlines takes delivery of first of 13 new Boeing 737 aircraft from ALC

Aircraft & Engines

Air Lease Corporation has delivered one new Boeing 737-9 aircraft on long-term lease to Alaska Airlines. Featuring CFM International LEAP -1B engines, this is the first of 13 new 737-9 aircraft confirmed to deliver to the airline as announced in November 2020 from ALC’s orderbook with Boeing. This new 737-9 from ALC joins six 737-9s

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Meggitt PLC signs agreement with China Southern Airlines Group to support LEAP 1C customers in China

MRO & Production

Meggitt PLC, a leading international company specializing in high-performance components for the aerospace, defense and selected energy markets, has signed a three-year warehousing and logistics agreement with China Southern Airlines Group Import & Export Trading Co., to support Aircraft on Ground (AOG) activities on the LEAP 1C engine in the China region. Under the agreement

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Finnair finalizes sale-and-leaseback agreement for four A350 aircraft

Aircraft & Engines

In conjunction with Finnair’s efforts to emerge from the COVID-19 crisis, the company is proceeding with its refinancing plan and has finalized a sale-and-leaseback arrangement for four of its Airbus A350 aircraft. In the arrangement, Finnair sold these aircraft – delivered between June 2017 and February 2019 – and has leased them back for its

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