Indaer Europe has officially received Continuing Airworthiness Management Organization (CAMO) approval from the Civil Aviation Authority of the Cayman Islands (CAACI). This certification allows Indaer Europe to oversee airworthiness management services for aircraft registered under the Cayman Islands registry, further expanding its global regulatory approvals.
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Lilium GmbH, the German electric aircraft startup known for developing the Lilium Jet, has entered into an asset purchase agreement with Mobile Uplift Corporation GmbH, a consortium of investors from Europe and North America. This development follows Lilium’s recent financial challenges, culminating in the cessation of operations and the layoff of approximately 1,000 workers on December 20, 2024.
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.
The pilots’ union at South Korea’s Asiana Airlines has filed an injunction to prevent the sale of Asiana Cargo to fellow South Korean carrier Air Incheon. The union argues that the sale process involved improper exercise of voting rights, raising concerns about procedural fairness and transparency in the decision-making process. This legal challenge underscores the…
GOAL Aircraft Leasing, a prominent Germany-based aircraft leasing company, has strengthened its leadership team with the recent appointments of Joanne O’Connor as Director of Asset Management and Guilherme Guerra as Director of Sales & Marketing. These strategic additions reflect GOAL’s commitment to enhancing its operational capabilities and fostering growth in the competitive aircraft leasing market.
Copa Holdings, a leading Latin American airline group, has released its financial results for the fourth quarter and full year of 2024.
EPCOR (Netherlands) and Philippine Airlines (Philippines) have announced a strategic partnership for the maintenance of Auxiliary Power Units (APUs) for Philippine Airlines’ A320 fleet. This agreement specifically focuses on the APU131-9A, a critical component ensuring reliable onboard power and system functionality.
