MTU Maintenance (Germany) has appointed Gernot Sell as the new General Manager of MTU Maintenance Dallas, effective February 1, 2025. He takes over from Nezam Moghadassian, who is retiring after years of leadership within the company.
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Pratt & Whitney (US) and Delta Air Lines (US) have entered into a long-term agreement to expand the GTF engine overhaul capacity at Delta TechOps’ Atlanta facility. This move reflects growing global demand for GTF maintenance support and aims to transform the facility into one of the largest GTF MRO centers in the world over the next decade.
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.
AviLease, a U.S.-based aircraft leasing company, has reached a major milestone by receiving investment grade credit ratings from two of the world’s top agencies. Moody’s Investors Service assigned a Baa2 rating, while Fitch Ratingsawarded a BBB rating, both with stable outlooks. These ratings affirm the company’s strong financial position and prudent risk management strategy.
Air Transport Services Group (ATSG) has officially completed its acquisition by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets. The deal, structured as an all-cash transaction, assigns ATSG an enterprise valuation of approximately US$3.1 billion, signaling a major move within the logistics and air transport sectors.
China Airlines (Taiwan) has officially appointed Chen Han-Ming as its new president, succeeding Kao Shing-Hwang, who has been elevated to the position of chairman. This leadership transition reflects the airline’s long-term strategic vision as it continues to expand and strengthen its global position.
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.
