Nolinor Aviation has taken a major strategic step by acquiring the former North Cariboo Air facility at Edmonton International Airport, establishing a dedicated maintenance, repair, and overhaul (MRO) and cargo hub to enhance its Western Canada operations.
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Fitch Ratings (US) has reported that Boeing is making early progress in resuming production, following recent challenges, while also working to reduce legacy inventory and improve supply chain management. These developments are seen as critical factors in Boeing’s long-term operational and financial recovery.
AerCap Holdings, a leading global aviation leasing company based in Ireland, has announced its 4Q 2024 transactions, showcasing robust performance across its leasing, purchasing, and financing activities. During the fourth quarter, AerCap finalized 92 lease agreements, completed 41 purchases for 27 aircraft, executed 55 sale transactions for 26 aircraft, and secured financing transactions worth approximately $1.8 billion. Additionally, the company…
Air France-KLM Group and Saudia, the national airline of Saudi Arabia, have signed a strategic Memorandum of Understanding (MoU) to deepen their cooperation in passenger transport and aircraft maintenance (MRO). This landmark agreement was formalized during the Saudi-French Investment Forum in Riyadh.
MTU Aero Engines, a leading German aircraft engine manufacturer, has announced the acquisition of 3D.aero, a German company specializing in automation and measurement technology. This strategic move enhances MTU’s capabilities in advanced manufacturing processes and precision measurement, strengthening its position as a technology leader in the aerospace industry.
The Asian Development Bank (ADB), based in the Philippines, has officially approved a financing package aimed at supporting Air Niugini’s re-fleeting program.
Hungary Airlines has obtained its Air Operator Certificate (AOC), paving the way for A330-200F operations on behalf of the Hungarian government. The aircraft, identified by serial number 1578, will primarily serve routes between Europe and China, facilitating enhanced cargo connectivity and trade.
