Finnair Board of Directors has approved as a part of existing long-term incentive arrangement a performance share plan, covering years 2015–2017, for the key personnel of the Finnair Group. The share plan is a part of Finnair’s long-term share-based incentive arrangement that Finnair Board of Directors approved in 2013, and which consists of annually commencing
Air Lease Corporation announced a long term lease agreement for an additional new ATR 72-600 with KALSTAR Aviation (Indonesia), delivering from its order book with ATR in the second half of 2015. The aircraft will join two other ATR 72-600 aircraft already operated by the airline, also on long term lease from ALC.
Virgin America and China Eastern announce a codeshare agreement on December 16th, to offer seamless booking and travel from Shanghai, China to multiple destinations across the United States. The new agreement will see China Eastern place its two-digit flight code (MU) on a range of Virgin America routes from Los Angeles and San Francisco –
Finnair has signed a Memorandum of Understanding (MoU) with GOAL German Operating Aircraft Leasing GmbH & Co. KG for the sale and leaseback of three Embraer 190 aircraft. The transaction is expected to be closed by the end of March 2015. The value of the transaction is approximately 55 million euros at current market value
Embraer’s Legacy 500 executive jet was granted certification by the European Aviation Safety Agency (EASA) during a ceremony at its headquarters, in Cologne, Germany. This approval enables entry into service of the aircraft in the Member States of the European Union as well as in EASA associated countries. “EASA’s certification is a very important achievement
Marshall Aerospace and Defence Group has developed a dedicated aircraft refinishing facility aircraft for Boeing 747-400, 777 and Airbus A330-sized aircraft at its site in Cambridge, United Kingdom. The new aircraft refinishing facility, which opens its doors for business in early 2015, is located within a secure hangar at the Cambridge site, making it one
AeroCentury, an independent aircraft leasing company, announced the purchase from and leaseback to Adria Airways of two Bombardier CRJ900 aircraft. “These are our first CRJ900s,” said Neal D. Crispin, President of AeroCentury. “Adria Airways, a Star Alliance member, is the national carrier of Slovenia and offers scheduled flights to twenty-two destinations throughout Europe. We are
Taiwan-based V Air is off the ground for the first time with its maiden service from Taipei to Bangkok. The carrier’s first flight ZV005 took off from Taiwan Taoyuan International Airport at 6:40 a.m. with a nearly full load of passengers. The route will be operated daily, using an Airbus A321 aircraft. V Air brings
If you did not know any of the history behind this story you would be forgiven for assuming the nut policy related to quality of materials used in the construction and maintenance of planes used by Korean Air. However the nut policy in question has no connection with their planes’ construction, and instead relates to
Boeing began construction of a new 367,000-ft² facility in which it will build parts for the newest member of its 777 commercial airplanes family, the 777X. About 700 new jobs will be created for the 777X work. Construction should be complete in 2016, with work on 777X wing and empennage parts starting in 2017. The
