AerFin, a UK-based aviation solutions provider, has announced the appointment of Tamsin Hayward as its new General Counsel. This strategic addition to AerFin’s leadership team reflects the company’s commitment to enhancing its legal and compliance framework to support its global operations.
Willis Aviation Services, a UK-based aviation service provider, has signed a long-term General Terms Agreement (GTA) with TUI Airways (UK) to deliver base maintenance services for TUI’s narrowbody fleet. The partnership will commence with maintenance checks on two Boeing 737 Next Generation (NG) aircraft.
Star Air, a regional airline in India, has announced its plans to venture into the aircraft Maintenance, Repair, and Overhaul (MRO) sector. The airline aims to achieve this through a joint venture, focusing on servicing regional and business jet fleets.
LXA Leasing, a leading Irish leasing company, has entered into a five-year General Terms Agreement (GTA) with Amelia, a French regional airline. The agreement covers Auxiliary Power Units (APUs) for Amelia’s A320 fleet, strengthening the partnership between the two entities and supporting Amelia’s operational reliability.
World Star Aviation, a UK-based aviation asset management company, has announced the successful completion of a sale/leaseback transaction for a GEnx-1B engine. This transaction underscores the company’s expertise in structuring tailored leasing solutions for the aviation industry.
SkyWorks Holdings, a US-based aviation asset management and advisory firm, has released details of its 4Q 2024 activities, which include a range of sale, leaseback, and financing transactions across multiple aircraft types and global clients.
Setna iO, a US-based aviation asset management and parts supplier, has announced the acquisition of an ex-Condor Boeing 757-300 airframe for immediate disassembly. The teardown process will be conducted by ecube in Castellon, Spain, as part of Setna iO’s efforts to support the aviation aftermarket with high-quality spare parts.
Vertical Aerospace, the UK-based leader in electric vertical take-off and landing (eVTOL) aircraft, has announced the successful closing of its underwritten public offering, generating gross proceeds of $90 million. The funds were raised before deducting underwriting discounts, commissions, and other associated expenses.
Boeing has reported a challenging financial year for 2024, with a 14% drop in revenue to $66.5 billion and a net loss of $11.8 billion. In the fourth quarter, the company faced a 31% revenue decline to $15.2 billion, accompanied by a net loss of $3.86 billion.
Dubai Aerospace Enterprise (DAE), based in the United Arab Emirates, has announced a definitive agreement with K2 Aviation of Ireland to sell seven aircraft from its portfolio. These aircraft, consisting of both Airbus and Boeingmodels, are currently on lease to six different airline customers.
