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.
Please SUBSCRIBE to view the full content.
Free trial available — 7 days on Monthly, 30 days on Annual!
Willis Lease Finance, a leading aircraft leasing and engine solutions provider based in the United States, has announced the appointment of Stephen Jones to its Board of Directors, effective 01 January 2025.
GA Telesis, a leading provider of integrated aviation services based in the United States, has announced the acquisition of eight PW4000 engines from a major US airline. This strategic move is designed to bolster the company’s support for the component aftermarket.
Boeing has announced the layoff of 222 members of its Society of Professional Engineering Employees in Aerospace (SPEEA) union. This latest round of job cuts is part of a broader workforce reduction initiative that began in November 2024, reflecting the company’s continued efforts to realign its workforce with operational demands.
Brazilian aircraft manufacturer Embraer has approved a share buyback program targeting its own issued shares, with plans to acquire up to 1.0 million shares within a 12-month period ending March 2026.
United Aircraft (Russia) has announced plans to issue more than 2 trillion shares, aiming to raise approximately $5.5 billion in capital. This move is intended to strengthen the company’s financial position and support ongoing aircraft development and production programs.
Airbus has announced a pause in the development of its CityAirbus NextGen electric vertical takeoff and landing (eVTOL) aircraft, citing a reassessment of the business case and technological requirements. The decision marks a strategic shift as the company evaluates the evolving urban air mobility (UAM) market before proceeding with further investments.
