China Aircraft Leasing Group Holdings Limited (CALC), based in Hong Kong, has announced the successful upsizing of its inaugural warehouse facility to US$700 million. This significant financial enhancement is supported by the participation of 20 leading banks from around the world.
Setna, a prominent player in the U.S. asset management sector, has announced the appointment of Andrew Storch as its new Vice President of Asset Management. This strategic hire is part of Setna’s ongoing efforts to enhance its operational capabilities and drive growth in its asset management division.
Boeing, the aerospace giant, is taking steps to withdraw from a previous agreement to plead guilty in a high-profile criminal case. This case charged Boeing with deceiving aviation regulators about the safety features of its B737 MAXaircraft, which was linked to two deadly crashes that tragically claimed 346 lives.
Mammoth Freighters, a US-based company specializing in aircraft conversions, is actively exploring Maintenance, Repair, and Overhaul (MRO) facilities across Asia as potential sites to expand its B777 freighter conversion programs. These programs include the B777-300ERMF (Extended Range Main Deck Freighter) and the B777-200LRMF (Long Range Main Deck Freighter), both of which are pivotal to the company’s growth strategy in…
EPCOR, a subsidiary of the Dutch aerospace group AFI KLM E&M, specializing in Auxiliary Power Unit (APU) services, and Finnair, the flag carrier of Finland, have agreed to extend their maintenance contract for an additional five years. This agreement covers the GTCP331-350 APUs installed on Finnair’s fleet of Airbus A330 aircraft.
AerCap Ireland Capital and AerCap Global Aviation Trust, key entities within the global aircraft leasing industry, have successfully priced an offering of junior subordinated notes. The offering amounts to $500 million in aggregate principal, with the notes set to mature in 2056. These notes will carry a fixed-rate reset structure, starting with an initial interest rate of…
CDB Aviation, a prominent global aircraft leasing company based in Ireland, has successfully reached agreements with two of its insurers, Fidelis Insurance (Bermuda) and Ping An Insurance (China), regarding the resolution of claims related to aircraft detained in Russia. Additionally, discussions with another insurer, Chubb (Switzerland), are reported to be in an advanced stage.
GE Aerospace has announced the opening of XEOS, a state-of-the-art maintenance, repair, and overhaul (MRO) facility located in Sroda Slaska, near Wrocław, Poland. This facility is focused on the advanced servicing of LEAP engines, which are widely used in the latest generation of commercial aircraft.
StandardAero, a leading provider in the aerospace maintenance, repair, and overhaul (MRO) industry, has announced that two of its significant stockholders, affiliates of The Carlyle Group (US) and GIC Private (Singapore), intend to offer for sale 30,000,000 shares of the company’s common stock in an underwritten secondary offering.
Heston Materials has announced the promotion of Vaidas Vinslovas to the position of Head of Airframe Projects, recognizing his dedication and versatile background in aviation. Vaidas’s career path reflects a blend of academic, operational, and leadership expertise that aligns with the company’s continued growth and project development goals.
