GA Telesis, a leading provider of integrated aviation services based in the United States, has announced the acquisition of eight PW4000 engines from a major US airline. This strategic move is designed to bolster the company’s support for the component aftermarket.
Nayak Aircraft Services, a Germany-based provider of aircraft maintenance services, has successfully completed the acquisition of Hovby Aero / Nordic MRO, a Swedish MRO (Maintenance, Repair, and Overhaul) organization. The newly formed entity will operate under the name Nayak-LM Nordic.
Falko, a UK-based specialist in regional aircraft leasing, has provided a comprehensive summary of its 4Q 2024 and full-year 2024 portfolio activity, showcasing significant achievements in transactions and portfolio management.
Air Lease Corporation (ALC), a leading aircraft leasing company based in the United States, has announced the establishment of its commercial paper program. The program enables ALC to issue Notes with an aggregate face or principal amount outstanding under the program capped at US$2.0 billion.
T’way Air, a South Korean low-cost carrier, is at the center of strategic business developments as its shareholder, the Daemyung Sono Group, moves to acquire management rights of the airline. This ambitious step could potentially lead to significant changes in South Korea’s aviation landscape.
COMAC (Commercial Aircraft Corporation of China) has announced plans to raise its production capacity for the C919 single-aisle aircraft to 50 units in 2025. This move signals the company’s efforts to solidify its position in the competitive narrow-body aircraft market, dominated by Airbus and Boeing.
FTAI Aviation, headquartered in the Cayman Islands, has announced plans to redeem all outstanding 4,940,000 8.00% Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares. The redemption price is set at $25.00 per Series B Share in cash, along with an additional $2.4 million covering accumulated and unpaid distributions.
Boeing has restarted testing of its highly anticipated B777X jet, conducting the aircraft’s first flight since its grounding in August 2024. The fleet was halted following a critical failure in the engine mounting structure, raising significant safety concerns and delaying the program’s progress.
Azorra (US) has announced the appointment of Susan Geitzenauer as Senior Vice President – Operations. This strategic addition to the leadership team highlights Azorra’s commitment to operational excellence and its focus on enhancing efficiency as the company continues to grow.
Willis Aviation Services (UK) has signed a long-term General Terms Agreement with Jet2 (UK) to perform C Checkson the airline’s B737NG fleet. The agreement includes a volume commitment, underscoring Jet2’s confidence in Willis Aviation’s maintenance capabilities.
