Per Wennberg, nominated to Finnair’s Shareholders’ Nomination Board by Skagen funds, has decided to resign the Board following the decision of Skagen funds to sell their shareholding in Finnair. Skagen funds was one of the three largest shareholders of Finnair. According to the rules of the Shareholders’ Nomination Board, the shareholder eligible to appoint the
Global Eagle Entertainment, a worldwide leading provider of content, connectivity and digital media solutions to airlines, has been selected by WestJet to manage its inflight content services. WestJet is currently overhauling its existing inflight entertainment (IFE) system and replacing it with a wireless IFE solution. Global Eagle Entertainment (GEE) will provide a broad array of
Canada Jetlines (Jetlines) signed a definitive purchase agreement with Boeing to acquire up to twenty-one Boeing 737 MAX aircraft for delivery commencing in 2021. The Agreement includes five firm orders, purchase rights for an additional sixteen 737 MAX and some conversion rights to the 737-8 MAX aircraft. “This Agreement with Boeing is a major milestone
All flights in and out of London were cancelled for nearly two hours on Friday afternoon owing to what has been confirmed as a major computer glitch at the NATS Swanwick air traffic control centre. Transport secretary, Patrick McLoughlin, stated that: “Disruption on this scale is simply unacceptable and I have asked NATS for a
Alpha Star Aviation Services and AFI KLM E&M signed an amendment to the component support contract covering Alpha Star expansion group’s airbus fleet. The deal was closed during the Middle East Business Aviation (MEBA) 2014 trade show in Dubai. The two partners signed in 2013 an agreement covering support for repairs and access to a
SAS has secured a Pre-Delivery Payment Financing Facility (PDP Facility) covering a portion of the pre-delivery payments that SAS is making under the aircraft order with Airbus. The PDP Facility covers certain payments in relation to two Airbus A330-300 Enhanced and six Airbus A320NEO aircraft and is structured as a revolving credit facility under which
As a part of its US$2bn investment to give customers a world-class travel experience, American Airlines will upgrade its regional fleet by adding Gogo inflight wireless services to all two-class regional jets. Nearly 250 of American’s regional aircraft will have inflight wireless Internet service installed by 2016. “We’re investing in a more competitive and consistent
Avolon announced the pricing of its initial public offering of 13,636,363 common shares at a public offering price of $20.00 per share. The shares are expected to begin trading on the New York Stock Exchange under the symbol “AVOL” on December 12th, 2014. All of the common shares are being offered by the selling shareholders.
Aeronautical Engineers (AEI), has successfully delivered a third 11 pallet position B737-400SF to Switzerland based, FARNAIR Group. The aircraft is planned to join the South East Asia K-Mile operation as the second aircraft. Built in 1998, the aircraft (MSN 29000) was converted at Commercial Jet’s Dothan, Alabama facility and was delivered on November 28th, 2014.
Turbomeca Australasia (Safran) signed a contract with Boeing Defence Australia to support a new training system for the Australian Defence Force (ADF) helicopters. Turbomeca will provide to Royal Australian Navy and Australian Army with a Support By The Hour (SBH) contract for a new fleet of 15 Arrius 2B2-powered EC135 T2 helicopters. These helicopters will
