Werner Aero (US) has officially become a wholly owned subsidiary of Sumitomo Corporation of Americas (US), following its full acquisition by Sumitomo Corporation (Japan) and its US division on 27 December 2024. This strategic acquisition marks an important step in strengthening Sumitomo’s global presence in the aviation sector.
BOC Aviation (Singapore) has expanded the responsibilities of Paul Kent, its Chief Commercial Officer (CCO), to include oversight of the company’s global airline leasing and sales teams. This expansion consolidates the leasing and sales functions in the Asia-Pacific and Middle East regions under his leadership, integrating them with his existing responsibilities.
The United States Office of Foreign Assets Control (OFAC) has imposed sanctions on Ramon Celestino Velasquez Araguayan, the president of Conviasa (Venezuela). Velasquez is among eight individuals targeted as part of broader US actions against key figures in Venezuela.
Cambodia Angkor Air has officially undergone a rebranding and will now operate as Air Cambodia. This move reflects the airline’s ambition to modernize its operations and enhance its market presence. As part of its growth strategy, Air Cambodia is steadily working towards expanding its fleet to 32 aircraft, positioning itself for increased capacity and improved regional connectivity.
American Airlines (US) has been found to have violated federal law by allocating employee retirement funds to investment companies that offer Environmental, Social, and Governance (ESG) products, according to a recent court ruling. The decision marks a significant victory for critics of ESG-focused investment strategies, who argue that such practices prioritize progressive ideologies over financial returns.
American Airlines (US) has announced the departure of its Chief Legal Officer, Priya Aiyar, who is leaving the company to take on a similar role outside the aviation industry. In the interim, Bruce Wark will assume the position of Chief Legal Officer, ensuring continuity in leadership within the airline’s legal department.
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.
Japan Airlines (JAL) has announced that it will extend the retirement timeline for its Boeing 777 fleet due to global delivery delays affecting new aircraft. Despite this adjustment, JAL confirmed that the first six A350-1000s on order are arriving as scheduled, ensuring gradual fleet modernization.
Novoair (Bangladesh) continues its efforts to lease three A320 aircraft as part of its expansion strategy. However, the airline anticipates that the process may take up to another year due to the ongoing global shortage of available aircraft.
Korean Air has taken delivery of a Boeing 737-8, bearing serial number 63448, equipped with LEAP-1B engines. This aircraft will eventually serve as a VIP transport operated by South Korea’s Air Force, reflecting its critical role in supporting high-level governmental and military operations.
