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Vietnam Airlines Signs $1.5B Funding MOU With ING

Vietnam Airlines, the national flag carrier of Vietnam, has signed a memorandum of understanding (MOU) with ING, a Netherlands-based global financial institution, to secure funding of up to $1.5 billion. This significant agreement is part of the airline’s broader plan to finance strategic projects, modernize operations, and ensure long-term financial resilience.

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APOC Appoints Craig Skilton As VP – Components

APOC, a Netherlands-based specialist in aircraft component asset management and leasing, has announced the appointment of Craig Skilton as Vice President – Components. This strategic hire is expected to bolster the company’s growing global operations, particularly in the area of component trading and inventory management.

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KLM Grounds Seven B787s After Maintenance Error

KLM, the flag carrier of the Netherlands, grounded seven Boeing 787 aircraft on May 3, 2025, after a serious maintenance oversight involving a refueling system component. The grounding occurred following the discovery that engineers had applied the wrong maintenance procedures, prompting immediate safety concerns and regulatory involvement.

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APOC Aviation Appoints Geoff Ellis As Technical Asset Manager

APOC Aviation, a Netherlands-based aircraft leasing, trading, and part-out company, has named Geoff Ellis as its new Technical Asset Manager. The appointment comes as the company continues to expand its global portfolio of aviation assets and seeks to enhance technical oversight in line with its growth trajectory.

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Air France-KLM Posts Q1 Loss Despite Revenue Growth

Air France-KLM has released its financial results for the first quarter of 2025, revealing a net loss of US$283.6 million, despite an encouraging 7.7% increase in revenues, which totaled US$8.2 billion. The group’s liquidity position remains strong, with US$10.5 billion in available cash, providing resilience amid fluctuating operating conditions.

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KLM Cargo Receives B747-400ERF MSN 33695 Operated By Martinair

KLM Cargo has taken delivery of a Boeing 747-400ERF, manufacturer serial number (MSN) 33695, operated by Martinair, a subsidiary of the KLM Group. The aircraft is powered by CF6-80C2B5F engines and is expected to reinforce the airline’s long-haul cargo capacity across major trade routes.

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Transavia Adds A320neo On Wet Lease From Avion Express

Transavia, the Dutch low-cost subsidiary of Air France-KLM, has taken delivery of one Airbus A320neo under a wet lease arrangement with Avion Express, a Lithuanian ACMI operator. The aircraft is identified by serial number 4448 and is powered by CFM56-5B4/3 engines, a configuration that is atypical for the A320neo, which is usually equipped with either LEAP-1A or PW1100G-JM engines.