American Airlines, has announced a proposed private offering of US$1.5 billion aggregate principal amount of secured senior notes due 2025 (the Notes). The Notes will be guaranteed on a senior unsecured basis by American Airlines Group (the Guarantor). The company also announced it intends to enter into a new US$500 million Term Loan B facility […]
Chapman Freeborn, a global aircraft charter specialist and company of the Avia Solutions Group (ASG), has signed an agreement to acquire Arcus Air Logistics and Arcus Air OBC from the Arcus Air Group. Offering ad-hoc air cargo charter and on-board courier services primarily to the automotive industry, Arcus Air Logistics is a respected and established
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GA Telesis (GAT) has appointed John Wales as Director of APU Product Line. He will be responsible for developing and maintaining GA Telesis’ APU portfolio of products. Wales brings over 20 years of leadership experience to the Company’s Component Solutions Group (CSG), which is now part of the Flight Solutions Group family of businesses. Before
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Despite the wealth of its parent company IAG, Europe’s third-largest airline by pax and owner of British Airways, Iberia, Aer Lingus and Vueling Group, Level Europe has filed for insolvency citing the effects of the COVID-19 pandemic as the reason it has been forced to stop trading. The move does not affect Level, another subsidiary
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Air Lease Corporation (ALC) has delivered one new Airbus A320-200neo aircraft on long-term lease to Atlantic Airways, the national carrier of the Faroe Islands. Powered by CFM International LEAP-1A26 engines, this aircraft is the second of two A320-200neos that delivered to the airline from ALC’s order book with Airbus. “We are pleased to announce this
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The International Air Transport Association (IATA) has launched the Security Risk Intelligence Portal (SRIP)—an incident reporting tool to help airlines mitigate and manage security risks. The portal also includes the latest state and airport restrictions and requirements imposed as a result of the COVID-19 crisis. SRIP was developed to improve real-time information-sharing among airlines, airports
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Collins Aerospace Systems has developed and implemented a multi-tiered solution that converts passenger aircraft into a cargo configuration, allowing airlines fleet flexibility to transport critical medical materials, goods and other freight in response to the COVID-19 pandemic. The quick-turn conversion, available for any passenger aircraft model, can be completed in as few as seven days
Boeing has named Michael D’Ambrose as executive vice president of Human Resources, effective July 6. He will succeed Wendy Livingston, who has served in an interim capacity since April. In this role, D’Ambrose will be responsible for the company’s leadership and learning, talent planning, employee and labor relations, total rewards, and diversity and inclusion initiatives.
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Akbar al-Baker has confirmed that Qatar Airways will be suspending delivery of all aircraft on order from Boeing until 2022 and that deliveries beyond that will be based on the knock-on effect of these delays owing to the effects on air travel resulting from the global coronavirus pandemic. The Gulf carrier has billions of dollars’
On June 17, 2020, Air Lease Corporation has announced the pricing of its public offering of US$850.0 million aggregate principal amount of 3.375% senior unsecured medium-term notes due July 1, 2025 (the Notes). The sale of the Notes is expected to close on June 24, 2020, subject to satisfaction of customary closing conditions. The Notes
