Vijay Mallya arrested in London
Vijay Mallya, the once head of Kingfisher Airlines, has been arrested by the London Metropolitan Police's extradition unit "on behalf of the Indian authorities in relation to accusations of fraud". Ma...
Vijay Mallya, the once head of Kingfisher Airlines, has been arrested by the London Metropolitan Police's extradition unit "on behalf of the Indian authorities in relation to accusations of fraud". Ma...
Aviation maintenance and engineering company PEMCO World Air Services (PEMCO), a wholly owned subsidiary of Air Transport Services Group, has secured a three-year maintenance agreement with US-based l...
Air Lease Corporation has announced the long term lease placement of two new Boeing 737 MAX 8 aircraft with MIAT Mongolian Airlines. The aircraft are scheduled to deliver from ALC’s order book with Bo...
United Engine Corporation, part of Rostec State Corporation, plans to upgrade its production facilities in 2017-2025 to prepare for mass production of PD-14 aircraft engine. The company intends to inv...
During the first quarter of 2017, Avolon completed the acquisition of the CIT Group aircraft leasing business (CIT Aviation) and the Dublin-based lessor has provided an update on the activity of both ...
Air Lease Corporation has launched its second aviation asset backed securitisation transaction, named Thunderbolt Aircraft Lease Limited 2017-1. The $344.7million deal is arranged in three tranches: $...
Fitch Ratings has upgraded the Long-Term Issuer Default Rating (IDR) for Air Canada (AC) to 'BB-' from 'B+'. The Rating Outlook is Stable. Fitch has also affirmed AC's senior secured credit facility a...
Delta Air Lines has reported adjusted pre-tax income for the March 2017 quarter of $847 million, a $713 million decrease from the March 2016 quarter, primarily driven by higher fuel prices. “Despite f...
JetBlue Airways Corporation has reported its preliminary traffic for March 2017 increased 2.9 percent from March 2016, on a capacity increase of 4.2 percent. The load factor for March 2017 was 85.7 pe...
Shareholders of Airbus have approved all 14 resolutions proposed at its 2017 Annual General Meeting (AGM), including the appointment of a new independent director, renewal of the Chairman’s Board mand...
The first large sections of Airbus’ next generation new transport aircraft, the BelugaXL, have arrived at the aircraft Final Assembly facility (L34) in Toulouse. Following a five-night long road convo...
Avtrade has appointed Sheeba Sreekumar as Business Services Manager. A Master in Business Administration with specialisation in Supply Chain and Quality Management, Sheeba joined Avtrade’s Dubai offic...
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