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
Dutch based independent line maintenance provider Direct Maintenance has commenced to provide dedicated line maintenance support to China Southern Airlines at Nairobi, Kenya. This is a rather unique event, since national flag carrier China Southern Airlines has now become the first and only Chinese carrier to fly a direct passenger service between mainland China and
Air Transport Services Group, a provider of medium wide-body freighter aircraft leasing, air cargo transportation and related services, reported consolidated financial results for the quarter ended June 30th, 2015. Pre-tax earnings from continuing operations increased 17% to US$17.2m, including a 35% increase in Cargo Aircraft Management’s pre-tax earnings, driven by eight additional freighters leased to
Aviation training centre Baltic Aviation Academy located in Lithuania has signed a Memorandum of Understanding with Transport and Telecommunication Institute (TSI) from Latvia. According to the signed document, both institutions have agreed to cooperate and engage mutual efforts and practices in order to develop joint training program for aviation professionals allowing enrolled students completing the
In a move that follows close on the heels of Airbus’ announcement regarding new seating configurations which show increased numbers, Boeing have indicated they will be increasing their seat numbers on wide-body jets, meaning that Boeing’s biggest plane, the 747-8, will no longer be its largest in terms of standard capacity. The 777-9X, which is
CMB Financial Leasing has announced the closing of a financing facility for the refinancing of 3 aircraft currently in its fleet. The aircraft portfolio – consisting of one A330-300, one 737-800 and one A320-200 – are currently on long-term finance leases to China Southern Airlines. CMB Financial Leasing mandated Morgan Stanley and DVB Bank as
EQT VI has agreed to acquire a majority stake of Nordic Aviation Capital A/S, a lessor of turboprop aircraft for the global airline industry, and enter into a partnership with Martin Møller, NAC’s founder and Chairman. Martin Møller will continue as Chairman of the Company, and will remain a significant shareholder and will contribute around
Airline pilot training and resourcing company CTC Aviation has announced a new five-year simulator usage agreement with one of Europe’s leading low-cost airlines, Norwegian. The new contract will support the airline’s expanding training requirements up to 2020. CTC Aviation is providing Norwegian with the use of their newest simulator – a Boeing 737-800W full-flight, modular
