Willis Lease Finance Corporation, a U.S.-based leader in aviation leasing and asset management, has announced the appointment of Z. Clifton Dameron as Senior Vice President, General Counsel, and Corporate Secretary, effective immediately. Dameron succeeds Dean Poulakidas, who has stepped down from the role to pursue other opportunities.
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Cebu Pacific CEO Mike Szucs has expressed interest in the development of a potential narrowbody airliner by Embraer, highlighting its potential to enhance global aircraft availability and stimulate competition among original equipment manufacturers (OEMs). Szucs noted that such an aircraft could be an attractive addition to the market, offering airlines more options and potentially improving supply dynamics.
Capital A, the parent company of AirAsia and several other subsidiaries, has taken a significant step in its recovery process by submitting its Proposed Regularization Plan to Bursa Malaysia Securities. This marks a pivotal move in the company’s journey to exit the Practice Note 17 (PN17) status, which is associated with financial distress.
BOC Aviation (Singapore) has released details of its transactions for the fourth quarter of 2023 and its projections for 2024, highlighting strong growth and activity across its operations.
Hawaiian Airlines (US) flight attendants’ union has reached a tentative agreement on a contract extension, which will keep the existing terms in place while providing stability and labor certainty until February 2028. This agreement marks a significant step in securing long-term workforce agreements, ensuring operational continuity and labor peace for the airline.
Dubai Aerospace Enterprise (DAE), a prominent aircraft leasing company based in the UAE, has announced lease agreements with Hainan Airlines, one of China’s leading carriers, for four new Boeing 737-8 aircraft. This strategic agreement aligns with Hainan Airlines’ growth plans and DAE’s objective to support its clients with modern, fuel-efficient aircraft. The deliveries are scheduled…
Phoenix Aviation Capital (Ireland) has announced the successful closing of a $240 million term loan facility, marking a significant milestone in its expansion strategy. The funds will be used to finance the acquisition of six next-generation aircraft, all of which are on long-term leases with five airlines operating across the globe.
