Satair, a Denmark-based aviation services company specializing in aircraft parts and solutions, and Eastern Airlines Technic, a major Chinese MRO provider, have signed a Letter of Intent (LOI) to begin discussions regarding a potential collaboration. This LOI signals a shared interest in exploring strategic opportunities to enhance their services and reach within the aviation sector, especially in the…
LOT Aircraft Maintenance Services (LOTAMS), a leading Polish MRO (maintenance, repair, and overhaul) provider, has officially opened a new operational base in Rzeszow, Poland. This expansion marks a significant step in LOTAMS’s strategy to enhance its maintenance network and service capacity within the region, supporting both domestic and international clients. With this new base, LOTAMS aims…
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)…
GE Aerospace has announced that Xiamen Airlines, a leading carrier in China, has signed a TrueChoice service agreement to cover maintenance, repair, and overhaul (MRO) services for 35 GEnx engines. These engines power Xiamen Airlines’ fleet of Boeing 787 aircraft, which are instrumental in the airline’s long-haul operations. The TrueChoice agreement reflects both companies’ commitment to enhancing engine performance and maximizing operational efficiency for…
Fastjet Zimbabwe has successfully achieved IATA Operational Safety Audit (IOSA) registration, a prestigious safety certification granted by the International Air Transport Association (IATA). This accomplishment reflects the airline’s commitment to meeting international safety and operational standards, enhancing its credibility within the regional aviation industry. The IOSA certification is recognized globally as a benchmark for airline safety, and Fastjet Zimbabwe’s…
JetSMART, a low-cost airline based in Chile, is set to expand its fleet by adding its 11th aircraft in November 2024. This addition will support the airline’s increasing operational demands and solidify its presence in South America’s competitive budget aviation market. Alongside this expansion, JetSMART has initiated the certification process for the Airbus A321 in Argentina, marking a strategic step to…
Israir Airlines, based in Israel, has announced plans to wet lease two widebody aircraft to operate direct flights between Tel Aviv and Newark for the upcoming winter 2024/25 season. This strategic move will allow Israir to expand its long-haul route offerings and provide an alternative to current transatlantic services from Israel. By leasing widebody aircraft specifically for these routes, Israir aims…
Iraero, a regional airline based in Russia, has successfully acquired six aircraft engines through an auction held by Tambov Airport. The starting bid for these engines was set at US$600,000, reflecting a strategic acquisition aimed at bolstering Iraero’s operational capacity and maintaining fleet reliability. The transaction highlights Iraero’s efforts to secure essential assets to support its operations amid fluctuating…
Genesis, an Ireland-based aircraft leasing company, has completed a transaction with BOC Aviation of Singapore, acquiring three of the most sought-after narrowbody aircraft in the aviation market. This acquisition includes a Boeing 737-8 currently on lease to TUI in Germany, an Airbus A320 with Volaris in Mexico, and an Airbus A320neo leased to TAP Air Portugal. These aircraft are among the most liquid models in the narrowbody segment, reflecting Genesis’s…
Doric Nimrod Air Two, a UK-based aircraft leasing fund, has announced the successful sale of three Airbus A380aircraft, specifically serial numbers 105, 106, and 107. The proceeds from these sales will be distributed to the fund’s shareholders, aligning with Doric Nimrod’s strategic plan to gradually monetize its A380 assets as market conditions evolve. This sale highlights the fund’s commitment…
