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Leasing hometown Dublin welcomes MTU Maintenance new office

Magnetic Leasing first contract landing gear lease - Ryanair

Magnetic Leasing has signed a deal with Ryanair, Europe’s largest airline, for a landing gear lease. The agreement covers an 8 month lease period during which the landing gear will be used on different aircraft based on the carrier’s demand. Magnetic L...

SCALE Aviation - new financing and liquidity player on aviation market

Credit Suisse established a new wholly-owned subsidiary, SCALE Aviation. Headquartered in Dublin, Ireland, SCALE will focus on supporting Credit Suisse’s clients in driving increased aviation investment and facilitating seamless execution of aviation transactional activity. Credit Suisse&...

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Toyota became lead investor to develop and produce Joby Aviation eVTOL aircraft

Toyota is exploring a new flight path for mobility through a new collaboration with Joby Aviation, an aerospace company that is developing and commercializing all-electric eVTOL aircraft to enable the deployment of fast, quiet and affordable air transportation services. The collaboration reflects Toyota's recognition of the long-term potential of the urban air mobility market to meet the...

The most advanced transportation method to healthcare raises strategic investment

A strategic investment was announced by Matternet, a pioneer in drone delivery for medical applications. The round of funding will provide Matternet with access to a broad set of opportunities in the U.S. healthcare logistics market and accelerate existing partnerships in key international markets. McKesson Ventures joins Matternet's roster of strategic investors Boeing, Sony an...

Textron Aviation adds three company-owned Service Centers in APAC

To strengthen its Asia Pacific service offering, Textron Aviation acquired Premiair Aviation Maintenance, an Australian MRO service provider. Previously named an Authorized Service Facility, Premiair now joins the Textron Aviation company-owned global support network to service Beechcraft, Cessna and Hawker products at service center locations strategically located throughout Australia. “...

2019 for Airbus - strong commercial aircraft performance

Airbus SE delivered 863 commercial aircraft to 99 customers in 2019, outpacing its previous output record set in 2018 by eight percent. In the 17th yearly production increase in a row, Airbus progressed on the transition to all NEO variants and by year end Airbus had delivered 173 wide-body aircraft, its highest number in a single year. In 2019, deliveries compris...

Great 2019 for Norwegian - higher unit revenue, better on-time performance and lower CO2-emissions

Norwegian’s traffic figures for 2019 show that the company is delivering on its strategy of moving from growth to profitability. The planned capacity reduction and optimization of the route network have had a positive impact on the figures. In 2019, the capacity, in terms of seat kilometer, was 1 percent higher than the previous year; a little over the previously announced zero growth. More...

Tailwind Adds Aerospace Welding Minneapolis and Aerospace Manufacturing to Portfolio

Tailwind Technologies has acquired Aerospace Welding Minneapolis and Aerospace Manufacturing, both headed by President Tom Heid, who will continue in that capacity for Tailwind. Tailwind Technologies is the parent company of Hartzell Propeller, Inc. and Hartzell Engine Technologies LLC. "President Tom Heid founded AWI-AMI in Eagan, Minn., more than 20 years ago. The operation is wel...

AviaAM Financial Leasing China Acquires Boeing 737-800 with Lease Attached

AviaAM Leasing, a global aviation holding company engaged in tailored aircraft leasing and trading services, announced that its joint venture with the Henan Civil Aviation Development and Investment Company (HNCA) – AviaAM Financial Leasing China – has recently acquired one more Boeing 737-800. The aircraft joined the fleet with a lease agreement attached to the current Chinese lessee...

TECT Aerospace acquired Triumph Nashville Operations

The sale of Triumph Group Nashville based structures assembly operations to TECT Aerospaceis completed, as it continues to execute on its multi-year transformation plan to reshape its portfolio. "In 2019, we made great progress in reshaping our portfolio, reducing costs so that we can invest in our core businesses, and pursuing new growth opportunities," said Dan Crow...

Latécoère to Acquire Bombardier Electrical Wiring Interconnection System Business

Latécoère and Bombardier announced that the companies have entered into a definitive agreement, whereby Latécoère will acquire Bombardier’s electrical wiring interconnection system (EWIS) assets in Querétaro, Mexico. The two companies also concluded a long-term supply agreement that will see Latécoère supply Bombardier with electrical wir...

Air Partner acquires leading global aviation security solutions and training company

Air Partner announced that it has acquired the entire issued share capital of Redline Worldwide Limited, trading as Redline Assured Security, a leading global aviation security solutions and training company. The total consideration payable by Air Partner is up to £10.0 million, on a debt free, cash free basis, with an initial consideration of £8.0 million payable on completi...

First airline to raise funds tied to United Nations Sustainable Development goals

The first airline to secure funding for a project based on its compatibility with the Sustainable Development Goals of the United Nations is Etihad Airways! Through a partnership with First Abu Dhabi Bank and Abu Dhabi Global Market, the airline will borrow 100 million Euros (AED 404.2 million) to support expansion of the Etihad Eco-Residence, a sustainable apartment complex for the airl...

Pratt & Whitney Invests $30 Million in West Virginia Facility for MRO of PW800 Engines

A $30 million US investment announced by Pratt & Whitney in its engine services facility in Bridgeport, West Virginia for the maintenance, repair and overhaul (MRO) of PW800 engines. Specifically, the site will service the market leading PW814GA and PW815GA engines that power the Gulfstream G500 and G600 aircraft, respectively, with the capacity to expand its capabilities to other PW800...

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Top of the week

Leasing hometown Dublin welcomes MTU Maintenance new office

An announcement was made at Airline Economics Growth Frontiers conference by MTU Maintenance - from now there is a new office opened in the heart of aviation leasing community birthplace Dub...

Magnetic Leasing first contract landing gear lease - Ryanair

Magnetic Leasing has signed a deal with Ryanair, Europe’s largest airline, for a landing gear lease. The agreement covers an 8 month lease period during which the landin...