Capital A, the parent company of AirAsia and several other subsidiaries, has taken a significant step in its recovery process by submitting its Proposed Regularization Plan to Bursa Malaysia Securities. This marks a pivotal move in the company’s journey to exit the Practice Note 17 (PN17) status, which is associated with financial distress.
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MMAG Aviation Consortium has secured regulatory approval from Labuan, Malaysia, to establish a subsidiary, MMAG Skyfleet, which will operate as an aircraft leasing unit. This strategic move marks MMAG’s entry into the aircraft leasing industry, allowing the consortium to diversify its aviation operations and cater to the growing demand for leasing services within the region….
Boeing has reached a definitive agreement to divest several prominent assets within its Digital Aviation Solutionsbusiness to private equity firm Thoma Bravo, marking a significant strategic shift in the aerospace giant’s portfolio. The all-cash deal, valued at $10.5 billion, encompasses a wide range of digital assets including Jeppesen, ForeFlight, AerData, and OzRunways.
ORIX Aviation, the Ireland-based aircraft leasing and asset management company, has announced the promotion of Cian Coakley to the role of Chief Revenue Officer (CRO). This leadership change reflects the company’s strategic emphasis on revenue growth, portfolio optimization, and commercial agility in a dynamic global leasing environment.
Avia Solutions Group (Ireland) has announced the launch of its first Global Services Centre in Manila, marking a significant milestone in its global expansion strategy. The new centre is scheduled to begin operations in January 2025, bringing a wide range of aviation-related services to the Southeast Asian market.
SAMCO Aircraft Maintenance has signed a four-year contract extension with CityJet, an Ireland-based wet-lease airline, to provide comprehensive maintenance services for CityJet’s CRJ 900 and CRJ 1000 fleet operating throughout Europe. This extended agreement covers all line maintenance needs, including regular hangar maintenance visits, which will be conducted from SAMCO’s Scandinavian Hub in Copenhagen and…
AP Holdings, a major shareholder of South Korean airline Air Premia, has announced a board meeting with the objective of solidifying its management rights within the airline. This move underscores AP Holdings’ intent to exercise greater influence over Air Premia’s strategic direction and operational management as the airline seeks to expand its presence in the…
