IAI

Israel Aerospace Industries (IAI)’s Bedek Aviation Group has signed a nine and a half year contract with the Israel Ministry of Defense (IMOD) to provide comprehensive and continuous maintenance services to the Israel Air Force (IAF) Heavy Transport Aircraft Wing. IAI estimates that the total full value of maintenance services to the IAF may reach

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Air Atlanta signs new contract with GMG Airlines in Bangladesh

Air Atlanta Icelandic reported the signing of a one year wet-lease agreement with GMG Airlines in Bangladesh for one B747-300 TF-AMK, which started operation last Friday February 1st. An additional one year wet-lease agreement has now been signed for a second aircraft B747-300 TF-AMJ starting 1st of April 2008. The aircraft will operate scheduled flights

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Iberia signs new handling contracts with three airlines

Iberia has signed new handling contracts with Atlas Blue, TAM, and Turkish Airlines, whereby it will provide services to their passengers and aircraft at the Madrid and Barcelona airports. Iberia is to provide ramp services to TAM aircraft at Madrid-Barajas airport. TAM is a Brazilian carrier founded in 1961 that operates scheduled services to destinations

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Aircastle announces $300 million senior secured credit agreement

Aircastle Limited announced that a subsidiary company entered into a senior secured credit agreement with JPMorgan Chase Bank, N.A. and Calyon New York Branch. This new credit facility provides for loans in an aggregate amount of up to $300 million to finance certain specified aircraft owned or to be acquired by affiliates of Aircastle.

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Avantair names Richard Pytak Vice President – Finance

Avantair reported that they have appointed Richard Pytak to the position of Vice President of Finance. In this role, he will be responsible for the Company’s financial operations, including accounting and financial reporting. Pytak most recently was the Group Controller at Gibraltar Industries/CMI, responsible for financial accounting and reporting, computer system operations and establishing financial

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