ORIX Aviation, the Ireland-based aircraft leasing and asset management company, has announced the promotion of Cian Coakley to the role of Chief Revenue Officer (CRO). This leadership change reflects the company’s strategic emphasis on revenue growth, portfolio optimization, and commercial agility in a dynamic global leasing environment.
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Eric Koury, the former CEO of Guadeloupe-based airline Air Antilles, is facing a two-year prison sentence after being accused of embezzling aid funds.
Airhub Aviation (Malta) has announced the promotion of Miroslav Sibko to Vice President of Trading. This promotion reflects the company’s dedication to fostering talent and strengthening its trading operations to meet the evolving demands of the aviation industry.
Hanwha Aviation, a South Korean aircraft lessor, is considering adding freighters to its leasing portfolio and developing Maintenance, Repair, and Overhaul (MRO) capabilities as part of its long-term growth strategy. The company is assessing market opportunities to expand its presence in the air cargo leasing sector while strengthening its technical service offerings.
KGAL Group (Germany) has finalized a lease agreement with Porter Airlines (Canada) for three Bombardier Q400 aircraft. The transaction was conducted via KGAL’s subsidiary, GOAL, and the aircraft are part of the KGAL APF 5 fund.
Aircraft Leasing & Management (UK) has announced the sale of an Airbus A320, identified by serial number 4001, to elfc (Ireland). The aircraft remains subject to an existing lease with Avianca (Colombia), ensuring its continued operation within the Avianca fleet.
Boeing and its machinists‘ union have reached a tentative agreement on a new contract proposal, which includes a pay raise aimed at resolving a strike that has affected Boeing’s operations for nearly seven weeks. The new offer comes after extensive negotiations and is set for a union vote on November 4, 2024. If accepted, this…
