Aergo Capital acquires first of three new Boeing 737-8 aircraft on lease to Lynx Air

Aergo Capital Limited (Aergo) has completed a sale-and-leaseback of the first of three B737-8 aircraft with Lynx Air (Lynx), Canada’s newest ultra-affordable carrier. Each of the three aircraft will be financed with equity provided by CarVal Investment funds and debt arranged by AV AirFinance. Fred Browne, Chief Executive Officer of Aergo, commented: “We are extremely happy to […]

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MTU Maintenance posts net income of €342 million for 2021

MTU Aero Engines AG has published its preliminary figures for 2021: Revenue rose 5% from €3,977 million to €4,188 million. Operating profit was 13% higher at €468 million (2020: €416 million). The adjusted EBIT margin was 11.2%, compared with 10.5% in 2020. Net income climbed to €342 million in 2021 (2020: €294 million). In commercial maintenance (MRO), MTU raised revenue by

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CFM International appoints Karl Sheldon as Executive Vice President

CFM International has appointed Karl Sheldon as Executive Vice President, replacing Allen Paxson. Paxson, who had served in the role since May 2014, was recently appointed Vice President, Commercial Programmes Strategy for GE Aviation. In this newly created role, he will be responsible for development and integration of strategies for the company’s commercial markets, execution

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American Airlines to expand Embraer fleet with order for three new E175 aircraft

American Airlines has signed a firm order with Embraer for three new E175s. The aircraft will be operated by American Airlines’ wholly owned subsidiary, Envoy Air. With deliveries to be completed this year, Envoy’s fleet of E175s will grow to over 100 aircraft by the end of 2022. The contract value is US$160.2 million at

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King Aerospace expands modification services with addition of two Arkansas hangars

King Aerospace Commercial Corporation (KACC) has signed a lease agreement for two hangars at the Northwest Arkansas Regional Airport (XNA) near Rogers. The secure-environment hangar spaces will be used to support highly specialized, FAA Part 145 modifications, engineering and integration services for mission-critical government or quasi-government wide-body aircraft. These include everything from upgraded airborne defense

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CDB Aviation orders twelve more conversions from EFW advancing its A330 P2F strategy

CDB Aviation has committed to an additional twelve conversions with Elbe Flugzeugwerke GmbH (EFW), expanding its A330 P2F fleet to fourteen aircraft. Moreover, the lessor is on pace to launch the A330-300 P2F freighter type in China in 2022, with lease commitments from Sichuan Airlines and Jiangxi Cargo Airlines. “We have strategically positioned our platform

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Falcon Aviation Services goes live on Rusada’s ENVISION

Leading Emirati Oil & Gas and business aviation services operator Falcon Aviation Services has gone live with Rusada’s ENVISION software. Falcon Aviation Services provides bespoke charter services to the oil & gas industry, as well as VIP and helicopter sightseeing tours using a diverse ultra-modern fleet consisting of 29 helicopters including Bell, AgustaWestland and Airbus,

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Raytheon Technologies appoints Christopher T. Calio COO and Shane G. Eddy President of Pratt & Whitney

Raytheon Technologies has announced the appointment of Christopher T. Calio as Chief Operating Officer and named Shane G. Eddy to succeed Calio as President of its Pratt & Whitney business unit, effective March 1, 2022. As Chief Operating Officer, Calio will oversee the company’s four business units as well as its technology and engineering, enterprise

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