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Ukraine Seizes Seven UIA Aircraft in Tax Evasion Probe

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The Bureau of Economic Security of Ukraine has seized seven aircraft belonging to Ukraine International Airlines (UIA) in connection with a tax evasion case involving a Cypriot company linked to Ukrainian oligarchs Igor Kolomoisky and Aron Mayberg. The seized assets include three Boeing 737-800s, one Boeing 737-900, and three Embraer E190s, with a combined value of approximately $40 million.

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TrueNoord Plans Aircraft Orders in 2025

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TrueNoord, a specialist regional aircraft lessor based in the Netherlands, is evaluating potential aircraft orders from OEMs (Original Equipment Manufacturers) for 2025, according to its CEO, Anne-Bart Tieleman. This consideration reflects TrueNoord’s forward-looking strategy to expand its portfolio and meet growing demand for regional aviation assets.

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Wamos Air Reshuffles Board After Abra Group Integration

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Wamos Air (Spain) has announced a comprehensive reshuffle of its board following its integration into the Abra Group (UK). The move reflects the airline’s strategic realignment under the group’s leadership and its focus on bolstering governance and operational oversight. Effective immediately, Eduardo Montes will step down as chairman, with Adrian Neuhauser, a key figure within the Abra Group, taking over…

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ORIX Promotes James Meyler and Appoints John O’Donoghue

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ORIX Corporation (Japan) has announced significant leadership changes within its aviation group, highlighting its focus on strengthening its global executive team. James Meyler, currently serving as CEO of ORIX Aviation (Ireland) Group, has been promoted to the role of Group Executive, ORIX, Japan, while retaining his CEO position. This strategic move underscores the corporation’s confidence in Meyler’s leadership and…

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Paul Martins Resigns as Director of Global Crossing Airlines

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Global Crossing Airlines Group (US) has announced a key leadership change with the resignation of Paul Martinsfrom his role as a Director of the Company. This development signifies a shift in the airline’s governance and comes as the company continues to navigate its growth and strategic initiatives in the competitive aviation sector.

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Flair Airlines CFO Faces Manslaughter Charges

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Flair Airlines (Canada) is facing heightened scrutiny as its Chief Financial Officer, Sumanth Rao, has been charged with involuntary manslaughter. The charges stem from a tragic incident involving a fatal car crash. According to reports, the crash involved an underage driver who had been drinking at a gathering hosted at Rao’s Atlanta-area home.

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Former SriLankan Airlines CEO Faces US Sanctions Over Bribery

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Kapila Chandrasena, the former CEO of SriLankan Airlines, has been sanctioned by the United States for his involvement in a bribery scheme that led to the airline purchasing Airbus aircraft at inflated prices. This development marks a significant escalation in the ongoing scrutiny of corruption in international aviation procurement.