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DAILY AVIATION NEWS ALERT
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SMFL increases ties with LCI through 35% stake acquisition
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As part of its plan to adapt to the changing landscape of the aircraft leasing market, LCI, an aircraft leasing group, has agreed to sell a 35% stake in the business to Japan’s Sumitomo Mitsui Finance and Leasing Company (SMFL). The agreement was announced at the end of March by Libra Group, the parent company of LCI. Libra group also …
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TrueNoord closes US$275 million Term Loan to support balanced growth trajectory
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TrueNoord has successfully closed a new five-year Term Loan of US$275 million. The facility will be used by the specialist regional aircraft lessor to expand its existing group of aircraft assets and to finance a well-diversified portfolio of 31 owned regional jet and turboprop aircraft currently on lease to 13 different airline customers based in 11 countries. The Term Loan …
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Milestone Aviation signs lease agreements for five S-92 helicopters with OHS
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The Milestone Aviation Group (Milestone), a global leader in helicopter leasing, has signed lease agreements with Offshore Helicopter Services UK (OHS) for five Sikorsky S-92 helicopters. The agreements include the extension of three Sikorsky S-92 helicopters and the placement of two additional S-92s which are scheduled to deliver in 2023. The oil and gas configured helicopters will support OHS’s offshore …
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Worldwide air cargo slips further into decline
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Worldwide air cargo demand has slipped further into decline after showing tentative signs of stabilising in the last two months, with the first full week of April showing the steepest week-on-week drop since the Lunar New Year factory closures in January, preliminary figures from WorldACD Market Data indicate. Following small week-on-week declines in weeks 12 (-2%) and 13 (-3%), last …
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HALO AirFinance to finance portfolio of GE CF34-8E engines for Republic Airways
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HALO AirFinance (HALO), a joint venture between GA Telesis (GAT) and Tokyo Century Corporation (TC), has closed a credit facility for Republic Airways, a US regional airline, to finance a portfolio of General Electric CF34-8E engines. This is the inaugural transaction executed under HALO’s first fund HALO One, which was launched last month in partnership with InterVest Capital Partners. “Republic …
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UAE is the 44th State to ratify MP14 to prosecute unruly passengers
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The United Arab Emirates (UAE) have ratified the Montreal Protocol 2014 (MP14), a move that will strengthen the global legal deterrent against unruly and disruptive passengers. The International Air Transport Association (IATA) has welcomed the United Arab Emirates (UAE) ratification of the Montreal Protocol 2014 (MP14). “IATA welcomes the leadership shown by the UAE in ratifying MP14. Not only will …
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Rex takes 20% stake in Dovetail Electric Aviation
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Regional Express (Rex) has taken a 20% stake in Dovetail Electric Aviation, further cementing the strategic partnership between the two Australian companies. This equity participation agreement comes on the heels of the successful completion of initial ground tests involving Dovetail’s small-scale Electric Propulsion System (EPS), marking a major milestone in the company’s mission to convert turbine-powered aircraft to electric, emission-free …
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Exclusive interview: "Value propositions create opportunities for part outs"
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AviTrader´s Keith Mwanalushi speaks to Lee Carey, Vice President, Asset Management at EirTrade Aviation about the first disassembly of the Boeing 787 and the market trends for used serviceable materials for newer aircraft. In February, Dublin-based EirTrade Aviation unveiled the first known disassembly of the Boeing 787 – two 10-year-old aircraft have been disassembled simultaneously off-site, with parts expected to …
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US Judge awards BOC Aviation US$406.2 million for three planes stuck in Russia
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Liebherr to develop air supply system for Airbus hydrogen-powered aircraft
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airBaltic posts record revenues in first-quarter of 2023
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Embraer launches A-29N Super Tucano in NATO configuration
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JETMS Holdings broadens services portfolio
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Ryanair expands partnership with Neste at Schiphol airport
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IAI delivers 100th IAI-produced T-38 wing to United States Air Force
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Monthly MRO Magazine
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Our magazine focusing on maintenance, repair overhaul in the aviation industry. Monthly features focusing on key issues in MRO sector, exclusive insight from senior industry executives, regular in-depth company profiles.
Subscription free monthly magazine straight to your inbox, as a pdf attachment or link to hosted site.Edit this to insert text.
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Weekly Aviation Headline News
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The industry leading weekly aviation newsletter. No subscription charges. Distributed in magazine style every Monday via email. AviTrader’s flag ship publication since 2005.
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Interested in promoting your company with AviTrader?
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Vice President Sales & Business Development
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AviTrader Publications Corp.
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Richmond, British Columbia
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For information, contributions, letters to the editor and queries:
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