DAE ends first-quarter 2020 with available liquidity of US$2.8 billion

Dubai Aerospace Enterprise (DAE) has ended the first-quarter 2020 with available liquidity of approximately US$2.8 billion. DAE’s owned, managed and mandated-to-manage fleet exceeded 400 aircraft. During the first quarter, DAE sold or novated 15 aircraft, acquired four aircraft and transitioned or extended leases on eight aircraft. Firoz Tarapore, DAE’s CEO said, “In these unprecedented times, […]

DAE ends first-quarter 2020 with available liquidity of US$2.8 billion Read More »

TUI Group receives KfW bridging loan of €1.8 billion

Financial

TUI AG has received the approval of the German government for a bridging loan of €1.8 billion from the KfW. The funds from Germany’s state-owned development bank are to be used to increase TUI’s existing credit line with its banks amounting to €1.75 billion (Revolving Credit Facility). The KfW bridging loan is subject to the

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AEI receives Transport Canada approval for B737-300/-400SF conversions

MRO & Production

Transport Canada Civil Aviation has approved Aeronautical Engineers’ (AEI) STC (ST01827LA) for the 11-pallet position B737-400SF freighter conversion and the 10-pallet position B737-300SF freighter conversions. Foreseeing an uptick in demand for the B737 Classic freighter programs, AEI initialized the approval process with Transport Canada in the fourth quarter of 2019. In addition to FAA, EASA,

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Avia Solutions Group finalizes acquisition of Bluebird Nordic

Financial

On January 24, 2020, Avia Solutions Group signed an agreement with BB Holding EHF for the full acquisition of Bluebird Nordic, which entails a 100% stake ownership of the company’s shareholdings. On March, 31, 2020, following the completion of all prerequisites and receipt of relevant clearances from competition authorities, the transaction was finalized. Bluebird Nordic

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Boeing receives US$1.5 billion P-8A Poseidon contract

Military & Defense

The U.S. Navy has awarded Boeing a US$1.5 billion production contract for the next 18 P-8A Poseidon aircraft. The contract includes eight aircraft for the U.S. Navy, six aircraft for the Republic of Korea Navy and four aircraft for the Royal New Zealand Air Force. The Republic of Korea Navy and Royal New Zealand Air

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AeroCentury reports fourth- quarter 2019 and fiscal year 2019 results

Financial

AeroCentury, an independent aircraft leasing company, has reported a fourth-quarter 2019 net loss of US$7.0 million, compared to a net loss of US$3.8 million for the fourth quarter of 2018. Net loss for the year ended December 31, 2019 was US$16.7 million, as compared to a net loss of US$8.1 million in 2018. The results

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Virgin Atlantic and easyJet cabin staff to work in U.K. Nightingale COVID-19 hospitals

APOC Aviation closes on three airframe deals in first- quarter 2020

MRO & Production

Part-out activity has commenced this month in Marana, Arizona for two A319-132 airframes recently acquired by APOC Aviation. MSN 1758 and 1790 were formerly operated by Air Macau and the parts are expected to arrive into APOC’s stock during April/May. All of the harvested A319 parts will be assessed, and then APOC’s audited group of

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Qatar Airways resumes scheduled belly-hold cargo operations to China

Airlines & Routes

Qatar Airways Cargo will resume scheduled belly-hold cargo operations to China with the utilization of wide-body and passenger-configured aircraft effective March 30, 2020. The additional cargo capacity is being added to the carrier’s existing freighter service amid increased demand for the shipment of immediate goods in and out of the region. The decision to reinstate

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EDM installs Air Baltic’s A220 Extended Door Trainer in Riga, Latvia

MRO & Production

EDM, a global provider of training simulators to the civil aviation and defense sectors, has completed a project for Air Baltic’s A220 Extended Door Trainer, which has been fully installed at the airlines’ training facility in Riga, Latvia. EDM was tasked by airBaltic to develop its new A220 Extended Door Trainer in response to the

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Heike Tamm

DAE ends first-quarter 2020 with available liquidity of US$2.8 billion

TUI Group receives KfW bridging loan of €1.8 billion

AEI receives Transport Canada approval for B737-300/-400SF conversions

Avia Solutions Group finalizes acquisition of Bluebird Nordic

Boeing receives US$1.5 billion P-8A Poseidon contract

AeroCentury reports fourth- quarter 2019 and fiscal year 2019 results

Virgin Atlantic and easyJet cabin staff to work in U.K. Nightingale COVID-19 hospitals

APOC Aviation closes on three airframe deals in first- quarter 2020

Qatar Airways resumes scheduled belly-hold cargo operations to China

EDM installs Air Baltic’s A220 Extended Door Trainer in Riga, Latvia

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