Aerolinee Siciliane, a new carrier based in Italy, has announced the acquisition of a 49% stake in Southern Aerotech, an Italian maintenance company. The strategic investment comes as the airline prepares for its first scheduled flight in May 2025.
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.
MTU Aero Engines, a leading German aircraft engine manufacturer, has announced the appointment of Johannes Bussmann as its new CEO, effective 31 December 2025. Bussmann will succeed Lars Wagner, who will step down on the same date.
GKN Aerospace, a leading global supplier in the aviation sector, is transitioning to a new, purpose-built engine parts repair facility located in San Diego, California. This move aligns with the company’s strategic efforts to meet increasing demand and expand its repair and maintenance capabilities.
Dubai Aerospace Enterprise (DAE), based in the UAE, has announced cash proceeds of approximately US$201 millionfrom settlements with selected insurance companies. The settlements relate to aircraft previously leased to airline carriers in Russia.
Avation, the Singapore-based leasing company, has successfully completed the repurchase of 7.8 million shares through the market. This accounts for 10.45% of the company’s 74.6 million ordinary shares in issue. The repurchased shares will be held in treasury, reflecting the company’s strategic approach to managing its equity structure.
Boeing has resumed production across all airplane programs that were previously halted due to a machinists’ strike in the Pacific Northwest. The affected programs include the B767, B777/777X, and B737 MAX, all of which are now back in operation.
Honeywell International (US), a leading industrial conglomerate, is evaluating strategic options for its aerospace business, including the possibility of a separation. This development comes approximately one month after Elliott Investment Management (US), a prominent activist investor, called for the breakup of the industrial giant to unlock shareholder value.
GA Telesis, a leading US-based provider of integrated aviation solutions, has announced the appointment of Bosco Ricoas Vice President for the Latin America and Caribbean region. This strategic leadership addition reflects GA Telesis’ commitment to strengthening its presence and fostering growth in these key markets.
TAAG Angola Airlines has entered into a long-term agreement with Lufthansa Technik (Germany) to provide aircraft component services for its brand-new fleet of Boeing 787s. This collaboration marks a significant milestone in TAAG’s fleet modernization strategy, ensuring reliable maintenance support for its operations.
