Aergen Aviation Finance has acquired four mid-life, narrowbody passenger aircraft on lease to various airlines: Virgin America, Monarch Airlines, TAME, and South African Airways. Aergen is an aircraft leasing company led by Genise, a long-time industry executive, and a management team that has worked together for more than 25 years. The company raised an initial
Rolls-Royce and Hispano-Suiza (Safran) have named their joint venture Aero Gearbox International and announced plans to construct a new production plant in Poland. The news follows the signing of a final agreement, on 24th October 2014, to create a jointly-owned company that will design, develop, produce and support accessory drive trains (ADTs) for all of
After an extensive integration process following the association of LAN Airlines and TAM Airlines – during which the Group made great advances in achieving synergies for internal processes, network optimization, and fleet restructuring and modernization – LATAM Airlines Group has decided to adopt a single name and identity and announces that the new brand for
Hawker Pacific and Aeromil Pacific have entered into a definitive agreement under which Hawker Pacific has acquired Aeromil Pacific for an undisclosed amount. Aeromil Pacific, established in 1980, is one of the largest and most successful privately owned and operated aviation organisations in the region specialising in new Cessna aircraft sales, pre-owned aircraft sales, aircraft
International Airlines Group (IAG) has signed a firm order for 31 Airbus aircraft, which includes 11 wide-body aircraft (eight A350-900s, three A330-200s) and 20 A320neos. The A350s and A330s are slated for Iberia’s fleet modernisation and to open new long-haul routes, and the A320neos will be allocated to the group’s airlines for fleet replacement. With
Creditors have chosen ANA, Japan’s largest airline, to sponsor financially troubled Skymark Airlines’ rehabilitation. Skymark is Japan’s third-largest airline. Delta had offered to back an alternative plan, an indication of its commitment to serving the region. Masaru Morimoto, Delta’s managing director of Japan, thanked Skymark’s creditors and business partners for their support of the Creditors’
Boeing released that EL AL Israel Airlines has announced its intent to purchase and lease up to 15 787 Dreamliners, with purchase rights for 13 additional airplanes. When finalized, the order will be posted to the Boeing Orders & Deliveries website.
Aberdeen-based bmi regional and Glasgow-based Loganair, two regional UK carriers, are to merge and form a new holding company, Airline Investments Limited (AIL). AIL now becomes a regional airline group having 46 aircraft which carry approximately 1.5 million passengers on an annual basis. The two airlines currently turn over around £200 million (US$310m). The combination
WOW air, the Icelandic low-cost airline has extended its power-by-the-hour contract with AJW Aviation to include two additional A321s. AJW, a leading independent integrated aircraft support specialist, originally signed a five year power-by-the-hour contract with the European airline in 2014 to provide on-going support for one of the airline’s A320 aircraft.
328 appointed Andreas Bulić as its new chief financial officer reporting to CEO, Dave Jackson. Andreas will be responsible for 328 group financing and information technology activities. Andreas brings more than 20 years of accounting, finance and IT experience to the Oberphaffenhofen, near Munich based aviation services company. Prior to joining 328 he worked for
