Nayak Aircraft Services, a Germany-based provider of aircraft maintenance services, has successfully completed the acquisition of Hovby Aero / Nordic MRO, a Swedish MRO (Maintenance, Repair, and Overhaul) organization. The newly formed entity will operate under the name Nayak-LM Nordic.
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The Asian Development Bank (ADB), based in the Philippines, has officially approved a financing package aimed at supporting Air Niugini’s re-fleeting program.
Condor has secured critical approval from the European Commission for $365 million in restructuring aid provided by Germany. The approval falls under the European Union’s State aid rules, paving the way for Condor to continue its recovery efforts and return to financial stability after enduring significant operational and financial challenges.
LATAM Brasil has announced a significant $40 million investment in the construction of a new maintenance hangar at its LATAM MRO facility located in São Carlos, São Paulo. This new hangar is specifically designed to support the maintenance needs of Boeing 787 aircraft, a model integral to LATAM’s long-haul fleet. The investment underscores LATAM Brasil’s commitment to enhancing its in-house MRO (maintenance, repair, and overhaul)…
AerCap Holdings, one of the world’s largest aircraft leasing companies based in Ireland, has released its operational update for the second quarter of 2025, highlighting extensive transactional activity across its portfolio. The company reported 71 lease agreements, reinforcing its dominant market position amid strong global aircraft demand.
Frontier Airlines pilots, represented by the Air Line Pilots Association (ALPA), have overwhelmingly voted in favor of authorizing a strike amid ongoing contract negotiations.
Lilium, the German-based developer of electric vertical take-off and landing (eVTOL) aircraft, has officially rebranded as Lilium Aerospace. This transformation follows a financial rescue by the Mobile Uplift Corporation, a German investment consortium committed to revitalizing the company’s future.
