FPG Amentum, the Dublin-based aircraft leasing/management company and the Munich-based asset and lease manager LHI Group have acquired an Airbus A220-300. The aircraft was acquired new in a sale & leaseback transaction with Air Baltic and its advisor Skytech-AIC. It is owned by an investment vehicle managed by LHI with servicing done by FPG Amentum.
Stratos, the global aircraft investment specialist, has closed the inaugural ABS featuring securitised debt, with equity sourced from the Japanese Operating Lease (“JOL”) market. The transaction was arranged on behalf of JP Lease (Japan), the leading JOL arranger. JP Lease sponsored the deal and underwrote the equity to sell to its diversified pool of Japanese
EmbraerX is championing the development of a truly collaborative ecosystem which enables people to imagine a world where electric vertical take-off and landing vehicles (eVTOL) will be part of our daily lives. In partnership with dozens of air traffic controllers, academics, pilots and industry experts, Embraer’s disruptive business subsidiary published “FlightPlan 2030,” a white paper
Panasonic Avionics Corporation (Panasonic) has opened its first Innovation Studio in Pleasanton, California. Breaking ground as the first of five planned locations worldwide, Panasonic’s new Innovation Studio in Pleasanton will serve as a hub for innovation, ideation and solution-building. It is designed as a space where airlines and partners will gather and co-create the future
GE Aviation has strengthened its service and support network in critical regions where the Passport-powered Bombardier Global 7500 and CF34-powered Challenger series aircraft and customers are based. GE Aviation named Bombardier’s Tianjin Service Centre in China as an Authorized Service Center for GE’s Passport and CF34-3 engines in April. With the announcement, GE has combined
Ideagen, the UK-based, global software firm, has announced it is to supply its software to a major aircraft maintenance organisation in the Middle East. Joramco, an independent commercial aircraft maintenance, repair and overhaul (MRO) organisation based in Jordan, will adopt Ideagen’s Q-Pulse, Q-Pulse Risk and PleaseReview products. Joramco will use Ideagen’s software as it aims
The SIA Group has reported a solid operating profit of S$1,067 million for the 2018/19 financial year amid a challenging market environment, with Transformation initiatives contributing to a record revenue performance. Although a decline from last year’s operating profit of S$1,549 million (S$482 million lower or -31.1%), the Group’s underlying performance was strong against the
Norwegian has carried more than 3.1 million passengers in April, an increase of three percent compared to the same month previous year. A total of 3,137,608 passengers chose to fly with Norwegian in April; 88,359 more than the same period last year. The total traffic increased by 11%, while the capacity growth was 7%. The
International Consolidated Airlines Group (IAG) has presented Group consolidated results for the three months to March 31, 2019. The Group reported first quarter operating profit of €135 million before exceptional items (2018 pro forma €340 million). Passenger unit revenue for the quarter was 0.8%, down 1.4% at constant currency. Fuel unit costs for the quarter
London Oxford Airport retained its position in the top five UK business aviation airports during 2018 with some 5,500 business aviation movements logged and a 20% increase in passengers in the last year. Its OxfordJet facility – now into its 11th year, continues to handle more and more medium and large cabin jets – from
