MTU Aero Engines Extends COO Silke Maurer’s Contract
Germany-based MTU Aero Engines has announced the extension of Chief Operating Officer (COO) Silke Maurer‘s contract for an additional five years, now valid through the end of January 2031.
Air Lease Appoints Grant Newman as SVP and Treasurer
US-based Air Lease Corporation has appointed Grant Newman as its new Senior Vice President and Treasurer, effective March 17, 2025. Newman’s appointment is part of Air Lease’s strategic initiative to strengthen its financial management and executive leadership team.
Airlines | Crisis | Delivery | Flag Carrier | Fleet | Management
Air India Aircraft Shortage Forecast
Air India CEO Campbell Wilson anticipates that the global shortage of aircraft, which is currently hampering airline growth worldwide, will continue for at least the next four to five years.
Kenya Airways Reviewing Stake in Precision Air Amid Turnaround Plan
Kenya Airways (KQ) has initiated a strategic review of its 41.2% stake in Precision Air (Tanzania), citing negative shareholder equity and the need to align with its broader turnaround strategy. The stake, currently valued at approximately $498 million, is under assessment as KQ seeks to optimize its financial position and restructure its investments.
Boeing Appoints Don Ruhmann as Chief Aerospace Safety Officer
Boeing has announced the appointment of Don Ruhmann as its new Chief Aerospace Safety Officer, with immediate effect. This leadership change underscores the company’s commitment to strengthening safety oversight and operational excellence in the aerospace sector.
T’way Air CEO Jeong Hong-geun Steps Down as Daemyung Sono Group Takes Ownership
T’way Air (South Korea) CEO Jeong Hong-geun has stepped down after failing to secure a fourth consecutive term, following the airline’s acquisition by Daemyung Sono Group. This leadership transition marks a significant shift for the South Korean low-cost carrier, which is now under new ownership.
Pivot Airlines Appoints Scott Monsen as New CFO
Pivot Airlines (Canada) has announced the appointment of Scott Monsen as its new Chief Financial Officer (CFO), bringing extensive financial expertise to the airline. Monsen’s role will focus on enhancing financial strategy, optimizing operational costs, and supporting Pivot Airlines’ growth objectives.
Airlines | Management | Union
Hawaiian Airlines Flight Attendants Reach Tentative Contract Extension Through 2028
Hawaiian Airlines (US) flight attendants’ union has reached a tentative agreement on a contract extension, which will keep the existing terms in place while providing stability and labor certainty until February 2028. This agreement marks a significant step in securing long-term workforce agreements, ensuring operational continuity and labor peace for the airline.
Jazeera Airways Assures $236 Million Balloon Case Ruling Will Not Impact Finances
Jazeera Airways (Kuwait) Chairman Marwan Boodai has clarified that the $236 million ruling in favor of the Ministry of Defense in the balloon case will not have any financial impact on the airline, as the liability is fully covered by insurance.
Boeing | Lessor | Management
AerCap CEO Warns of Potential $40 Million Price Increase for Boeing 78
AerCap CEO Aengus Kelly has raised concerns over potential tariff implications that could lead to a significant price hike in Boeing 787 aircraft costs. In a worst-case scenario, the price of a B787 could increase by up to $40 million per unit, creating challenges for airlines and lessors managing fleet expansion and replacement plans.