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Werner Aero Becomes Wholly Owned Subsidiary of Sumitomo Corporation

Werner Aero (US) has officially become a wholly owned subsidiary of Sumitomo Corporation of Americas (US), following its full acquisition by Sumitomo Corporation (Japan) and its US division on 27 December 2024. This strategic acquisition marks an important step in strengthening Sumitomo’s global presence in the aviation sector.

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BOC Aviation Expands Paul Kent’s Role as Chief Commercial Officer

BOC Aviation (Singapore) has expanded the responsibilities of Paul Kent, its Chief Commercial Officer (CCO), to include oversight of the company’s global airline leasing and sales teams. This expansion consolidates the leasing and sales functions in the Asia-Pacific and Middle East regions under his leadership, integrating them with his existing responsibilities.

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Deucalion Aviation Appoints Leadership for New York Office

Deucalion Aviation (UK) has announced key appointments to lead its newly established New York office, signaling its commitment to expanding operations in the United States. The company has appointed David Sims as Senior Vice President (SVP) and Jack Conroy as Associate, both of whom bring extensive experience and expertise to their roles.

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Avolon CEO: Production Shortfall to Boost Profits for a Decade

Avolon (Ireland) CEO Andy Cronin has highlighted a persistent production shortfall by aircraft manufacturers as a key factor shaping the aviation industry. Cronin asserts that this imbalance in supply and demand will continue to drive robust profits for airlines and lessors for at least the next decade.

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Vietnam Airlines to Wet Lease Three A320s for Lunar New Year

Vietnam Airlines has announced plans to wet lease three additional A320 aircraft to meet the surge in passenger demand during the 2025 Lunar New Year period, which runs from 13 January to 12 February 2025. This strategic move ensures the airline can maintain seamless operations and provide sufficient capacity for travelers during one of the busiest times of the year.

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Qatar Airways Takes Delivery of B787-8 on Wet Lease

Qatar Airways has expanded its fleet with the delivery of a Boeing 787-8, bearing serial number 42378, on wet lease from Oman Air. The aircraft is equipped with GEnx-1B engines, known for their fuel efficiency and high performance, making it an ideal addition to Qatar Airways’ long-haul operations.