Belgian operator VLM Airlines and Moscow-based aircraft lessor Ilyushin Finance (IFC) have signed a Letter of Intent that will see the airline become the first European operator of the long-range Sukhoi Superjet 100 LR (SSJ100 LR) regional aircraft. VLM Airlines has selected the SSJ100 LR to spearhead the company’s launch of regional scheduled services in
Scandinavian flag-carrier SAS completed a sale and lease back transaction for one 2002 vintage A330-300 aircraft (s/n497) operated by SAS since new, with Florida-based Aviator Capital. In Q1 2015 the aircraft will undergo a front-to-back cabin modification at SR Technics as part of SAS’ make-over of its entire A330/340 wide body fleet. This is the
THE BOARD of Monarch Holdings Limited, one of the UK’s leading independent leisure travel groups, reported the completion of its strategic review and restructuring programme under which it has secured £125m of permanent capital and liquidity facilities provided by Greybull Capital LLP (“Greybull”) anchored a £50m capital commitment, with contributions from the Group’s prior shareholders,
It would have been naïve, if not foolish, not to imagine that there would have been some form of repercussion after the Air France-KLM two-week pilots’ strike in September. Two weeks ago it was announced that the overall cost of the strike was in the region of €500 million, with direct loss of ticket sales
Snecma (Safran) and Max Aerospace signed an agreement on October 21st, 2014 in Delhi, India to create a joint venture called Max Aero Engines Private Limited (MAEPL), which will offer military aircraft engine maintenance, repair and overhaul (MRO) services in India. MAEPL will provide complete engine support solutions, in particular shop-level maintenance and flight line
The International Air Transport Association (IATA) launched its Aviation Cyber Security Toolkit which helps the air transport industry, including airlines, airports and air traffic management, to identify, assess and mitigate, among others, cyber risks in IT infrastructure across their operations. “The aviation industry depends on essential IT infrastructure functioning reliably. While the industry has put
For the third quarter 2014, Spirit’s adjusted net income increased 27.6% to $73.9m compared to $57.9m for the third quarter 20131. GAAP net income for the third quarter 2014 was $67.0m compared to $61.10m in the third quarter 2013. For the third quarter 2014, Spirit delivered a record adjusted pre-tax margin of 21.3% compared to
Airstream has concluded the ACMI lease on behalf of Czech Republic operator Travel Service. The aircraft is operating scheduled operations on behalf of the Thomas Cook Group, operating to locations in Southern Europe and Northern Africa.
AMAC Aerospace, a leading provider of corporate aviation maintenance and completion services has completed its first interior refurbishment project wholly designed by its own professional in-house design team. The project entailed refurbishing the existing cabin configuration of a Bombardier Global Express. The refurbishment project, which was undertaken at AMAC’s state-of-the-art headquarters at EuroAirport Basel-Mulhouse-Freiburg, involved
Amentum, the Dublin based commercial aircraft leasing company, has renewed the lease of an A320-200 with Volaris (Concesionaria Vuela Compania de Aviacion, S.A. de C.V.). The lease was extended for six years. The aircraft (MSN 3624) is owned by Global Aircraft Fund I and was financed with commercial debt from NordLB. Amentum manages a total
