Willis Lease Finance, a leading aircraft leasing and engine solutions provider based in the United States, has announced the appointment of Stephen Jones to its Board of Directors, effective 01 January 2025.
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Avolon (Ireland), a leading global aircraft leasing company, has announced a significant enhancement to its unsecured revolving credit facility. The facility, backed by a syndicate of 25 banks, has been upsized by $1 billion, bringing the total to $5.8 billion, and its maturity date has been extended by two and a half years, from April 2026 to October 2028.
Boeing and its machinists‘ union have reached a tentative agreement on a new contract proposal, which includes a pay raise aimed at resolving a strike that has affected Boeing’s operations for nearly seven weeks. The new offer comes after extensive negotiations and is set for a union vote on November 4, 2024. If accepted, this…
Arcano Partners (Spain) has announced the successful completion of its second transaction through its investment vehicles Arcano Aviation Fund and Arcano Capital Aviation. The transaction involves the acquisition of two Airbus narrowbody aircraft, both of which are under existing lease agreements with Wizz Air (Hungary).
The Mauritian government has announced plans to investigate Air Mauritius, the nation’s flag carrier, in response to a series of internal disputes that have reportedly created a climate of unrest within the organization. The move aims to address issues ranging from resignations and corruption allegations to workplace grievances and accusations of intimidation.
Edelweiss Air, Switzerland’s leading leisure airline, has announced the appointment of Jens Fehlinger as the new Chairman of the Board of Directors. Fehlinger steps into the role, succeeding Dieter Vranckx, who previously led the board with a focus on growth and strengthening Edelweiss’s market position. Fehlinger’s appointment signals Edelweiss Air’s commitment to continuity in leadership while bringing fresh perspectives…
Copa Holdings, the parent company of Copa Airlines based in Panama, reported a 22.1% decline in net profit for the third quarter of 2024, amounting to $146 million. The results reflect a 1.5% decrease in operating revenue, which totaled $854.7 million for the quarter. Despite the downturn, Copa Holdings maintains a strong financial position with $1.3 billion in cash, short-term, and long-term…
