Deutsche Bank, a major global financial institution based in Germany, is currently evaluating interest from various banks and private credit funds regarding the provision of a $200 million loan. This financing is intended to support the bid by Blackstone, a leading US-based investment firm, for the acquisition of Trans Maldivian Airways.
Fly2Sky Airlines, based in Bulgaria, has officially joined the International Air Transport Association (IATA), marking a significant milestone in its development as an international carrier. Membership in IATA symbolizes Fly2Sky Airlines’ commitment to maintaining the global standards of safety, efficiency, and sustainability that are central to the industry’s operations.
CDB Aviation, a prominent global aircraft leasing company based in Ireland, has successfully reached agreements with two of its insurers, Fidelis Insurance (Bermuda) and Ping An Insurance (China), regarding the resolution of claims related to aircraft detained in Russia. Additionally, discussions with another insurer, Chubb (Switzerland), are reported to be in an advanced stage.
GE Aerospace has announced the opening of XEOS, a state-of-the-art maintenance, repair, and overhaul (MRO) facility located in Sroda Slaska, near Wrocław, Poland. This facility is focused on the advanced servicing of LEAP engines, which are widely used in the latest generation of commercial aircraft.
Nordic Aviation Capital (NAC), based in Ireland, has successfully finalized lease agreements for two ATR72-600aircraft with Braathens Regional Airways of Sweden. This deal is part of NAC’s strategic efforts to expand its presence in the European market by supporting regional airlines with modern and efficient turboprop aircraft.
Air France-KLM is actively pursuing expansion of its strategic holdings, with CEO Ben Smith confirming that the group is in discussions to take a stake in Air Europa of Spain. Additionally, the airline is looking to boost its existing share in SAS (Scandinavian Airlines) of Sweden to a majority ownership.
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.
Boeing has announced the appointment of Don Ruhmann as its new Chief Aerospace Safety Officer, with immediate effect. This leadership change underscores the company’s commitment to strengthening safety oversight and operational excellence in the aerospace sector.
Pivot Airlines (Canada) has announced the appointment of Scott Monsen as its new Chief Financial Officer (CFO), bringing extensive financial expertise to the airline. Monsen’s role will focus on enhancing financial strategy, optimizing operational costs, and supporting Pivot Airlines’ growth objectives.
Alaska Airlines flight attendants have ratified a new three-year labor agreement, finalizing negotiations that focused on wage increases, enhanced benefits, and improved working conditions. The agreement ensures long-term stability for the airline’s cabin crew, addressing key concerns related to compensation and scheduling flexibility.
