APOC Aviation, a Netherlands-based aircraft leasing, trading, and part-out company, has named Geoff Ellis as its new Technical Asset Manager. The appointment comes as the company continues to expand its global portfolio of aviation assets and seeks to enhance technical oversight in line with its growth trajectory.
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Plus Ultra, an airline based in Spain, has taken a strategic step in its fleet optimization by retiring its sole remaining A340, serial number 399. This decision is part of the airline’s broader initiative to streamline its operations and focus on the more fuel-efficient A330-200 aircraft. The retired A340 will be dismantled by AELS (Aircraft End-of-Life Solutions) in the Netherlands, ensuring…
APOC Aviation, a Netherlands-based aviation parts and leasing company, has announced a new multi-faceted financing arrangement with Deutsche Bank.
Aircastle has entered into a significant financial agreement with a consortium of Japanese banks, securing a five-year unsecured term loan totaling $600 million. This strategic funding initiative provides the company with an opportunity to increase the total loan amount to $700 million during the first year of the agreement, offering considerable flexibility to support its leasing and investment operations.
AIP Capital (US) has announced key changes to its leadership team, with significant appointments and a promotion aimed at strengthening its global operations. Chris O’Scannlain has been appointed as Chief Risk Officer, and he will be based in the company’s Stamford, Connecticut office. This role is crucial for overseeing risk management strategies as AIP Capital continues to expand its…
Crestone, a U.S.-based aviation investment firm, has expanded its portfolio with the acquisition of two Boeing narrowbody aircraft currently under lease with major North American carriers. The firm has purchased one B737-800, leased to Sunwing Airlines of Canada, and one B737-700, leased to Southwest Airlines in the United States.
Silver Airways and Seaborne Virgin Islands, both operating under bankruptcy proceedings, have filed a court request to extend agreements with aircraft lessors beyond the current 60-day period. The airlines seek additional time to finalize the sale of their assets, ensuring a structured transition amid financial restructuring efforts.
