AJW wins European MRO Aviation 100 Award for seventh consecutive year

AJW wins European MRO Aviation 100 Award for seventh consecutive year

🕔15:23, 31.May 2019

AJW Group, a independent specialist in the global management of aircraft spares, has won the European and MRO Aviation 100 Award for Parts Supplier of the Year’ for the seventh year in a row. The ‘Parts Supplier of the Year’

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Marathon Asset Management closes new aviation fund worth $360 million

Marathon Asset Management closes new aviation fund worth $360 million

🕔15:16, 31.May 2019

Marathon Asset Management has announced the closure of its first fund, amounting to $360 million, solely dedicated to aviation leasing. The new strategy, which was oversubscribed, will focus on leasing the most in-demand early- to mid-life aircraft, and providing investors

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SpiceJet predicts strong year ahead after posting 22% profits jump

SpiceJet predicts strong year ahead after posting 22% profits jump

🕔12:47, 31.May 2019

India’s SpiceJet airlines has continued to see a rise in its business operations after it posted a 22% jump in fourth-quarter profit compared to the same period last year. The airline, which added new flights as well as an increase

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United Airlines looking for compensation from Boeing 737 grounding

United Airlines looking for compensation from Boeing 737 grounding

🕔12:14, 31.May 2019

United Airlines has become the latest carrier looking to seek compensation from Boeing following the worldwide decision to ground 737 Max aircraft. The aircraft has been grounded following the fatal crash of Ethiopian Airlines flight ET 302, which crashed shortly

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Greenland government takes control of national airline

Greenland government takes control of national airline

🕔11:47, 31.May 2019

The government of Greenland will take 100% control of its national airline. Naalakkersuisut, the Greenland government, has said that it will acquire Scandinavian Airlines’ (SAS) 37.5% and the Danish government’s 25% shareholdings in Air Greenland. It’s reported that the Greenland

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AirAsia’s first-quarter operating profit drops 68%

AirAsia’s first-quarter operating profit drops 68%

🕔11:25, 31.May 2019

AirAsia has reported a 68% drop in its first-quarter operating profit coming in at MYR236 million ($56.3 million). During the first three months of 2019, the airline’s net profit was down 91% to RM101.6 million, from RM1.1 billion year-over-year. The airline

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United Airlines looks to overhaul Avianca management

United Airlines looks to overhaul Avianca management

🕔11:02, 31.May 2019

United Airlines is planning to extend a loan to cash strapped airline Avianca Holdings. The extension plan comes after it was announced that United is looking to overhaul management at Colombia’s Avianca following former CEO Hernan Rincon’s resignation in April.

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Southwest announces multiple new flights

Southwest announces multiple new flights

🕔09:40, 31.May 2019

Southwest Airlines has launched a range of new flights to its portfolio. Beginning Nov 3, Southwest will add a daily nonstop service between Baltimore/Washington and Greenville-Spartanburg. This route was previously offered in 2016. Just a few days later, on Nov

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Brazilian airline Gol opens new base

Brazilian airline Gol opens new base

🕔09:33, 31.May 2019

Brazilian airline GOL has expanded its operations in the country with the opening of its base in Dourados, a city located in the state of Mato Grosso do Sul. The Company’s newest regional destination will have daily direct flights from

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Stratos closes JOL Air

Stratos closes JOL Air

🕔09:25, 31.May 2019

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), which sponsored the deal and underwrote

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