Crestone Air Partners (US) has announced the appointment of Steven Bridgland as Senior Vice President (SVP), Head of Capital Markets. This key addition to the leadership team reflects Crestone Air Partners’ commitment to expanding its capabilities in the aviation finance and leasing sector.
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MTU Maintenance, the German-based global engine service provider, has announced the expansion of its MRO portfolio in the United States to include LEAP and GEnx engines. As part of this strategic move, its Fort Worth, Texas location will evolve from an on-site service center into a full disassembly, assembly, and test facility, enabling complete overhauls for these two key engine types.
Azul (Brazil) reported strong revenue growth in the fourth quarter of 2024, with total operating revenue increasing 10.2% to $966 million. However, the airline faced significant financial challenges, posting a net loss of $689.2 million in the quarter.
Boeing has reached a last-minute settlement with the family of a woman who was tragically killed in the 2019 Ethiopian Airlines B737 MAX crash. This agreement allows Boeing to avoid a federal civil trial that was scheduled to proceed, offering closure to one of the many families affected by the disaster. The Ethiopian Airlines crash, involving a Boeing 737 MAX aircraft, was…
Kenya Airways CEO Allan Kilavuka has been appointed as the new Chairperson of the African Airlines Association (AFRAA), succeeding Joao Carlos Po Jorge. The appointment marks a significant milestone in Kilavuka’s leadership career and highlights his growing influence in Africa’s aviation industry.
Aero Capital Solutions (ACS), based in the United States, has announced the final closing of its fourth and largest aviation investment vehicle to date, securing total aggregate equity commitments of US$936 million. The fund underscores the growing investor appetite for aviation assets and ACS’s expanding role as a major player in the aircraft leasing and investment…
Spirit Airlines has announced plans to furlough 270 pilots and demote 140 captains to first officers due to continued aircraft delivery delays that have forced the airline to reduce its flight schedule through 2025. The budget carrier cited a combination of Pratt & Whitney engine issues and broader supply chain disruptions as key drivers of the operational cutbacks.
