Aergo Capital, a leading aircraft leasing and trading company based in Ireland, has announced the appointment of Aengus Whelan as its new Chief Trading Officer, effective November 4, 2024.
Whelan succeeds Nathan Riggs, who recently resigned from the company.
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Phoenix Aviation Capital (Ireland) and AIP Capital (US) have jointly announced the acquisition of a Boeing 787-9, identified by serial number 40646. The aircraft is on a long-term lease with American Airlines (US) and was purchased from ORIX Aviation (Ireland).
Pakistan’s government, in its bid to privatize Pakistan International Airlines (PIA), received only one bid from a shortlist of six potential bidders. Blue World City, a major real estate consortium with diversified interests, has emerged as the sole bidder for a 60% stake in PIA. This privatization aligns with Prime Minister Shehbaz Sharif‘s commitments to…
The Irish High Court has issued a temporary suspension on the Irish Aviation Authority‘s (IAA) decision to impose a passenger seat cap at Dublin Airport for the upcoming 2025 summer season. This seat cap, aimed at limiting airport traffic, was challenged by major airlines, including Ryanair and Aer Lingus, who argued that it would negatively…
Alain Battisti, CEO of Chalair Aviation, has announced his decision to appeal to the Court of Cassation after the Limoges Court of Appeal upheld a ruling implicating him in complicity in concealed work. This legal battle has garnered attention in the aviation sector, as it addresses serious allegations of concealed work practices within Chalair. Battisti’s appeal to France’s highest court reflects…
Frontier Airlines posted a strong third quarter in 2024, reporting a 6% increase in operating revenue to $935 million. The airline’s adjusted pre-tax income margin reached 2.9%, supported by an improved revenue per available seat mile (RASM) of 9.28 cents, a result of strategic capacity adjustments and cost-saving initiatives. With a capacity growth of 4%,…
Boeing and its machinists‘ union have reached a tentative agreement on a new contract proposal, which includes a pay raise aimed at resolving a strike that has affected Boeing’s operations for nearly seven weeks. The new offer comes after extensive negotiations and is set for a union vote on November 4, 2024. If accepted, this…
