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Sumitomo, SMBC, Apollo And Brookfield Acquire Air Lease

ByAdmin

Sumitomo Corporation, SMBC Aviation Capital, Apollo, and Brookfield have reached a definitive agreement to acquire Air Lease Corporation in a transformational all-cash transaction valued at approximately $28.2 billion including debt. Once the deal closes, Air Lease will be renamed Sumisho Air Lease Corporation, with its aircraft orderbook transferred to SMBC Aviation Capital, which will also act as the servicer for the portfolio.

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Lufthansa Group Expands NDC With Singapore Airlines

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The Lufthansa Group has announced a strategic expansion of its New Distribution Capability (NDC) program in partnership with Singapore Airlines, further cementing its leadership in modern airline retailing. Recognized by IATA as having the industry’s most advanced API, Lufthansa continues to position itself at the forefront of innovation in airline distribution.

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Serhan Ulga Appointed CFO of Saudia Airlines

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Serhan Ulga, one of Turkey’s most prominent finance executives, has been appointed Chief Financial Officer (CFO) of Saudia Airlines, marking a significant step in his international career. Ulga, who previously served as CFO of Pegasus Airlines, will now lead the financial strategies of Saudi Arabia’s national carrier, bringing his extensive expertise to a global aviation stage.

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Kenya Airways Aircraft Transfer to Azorra Aviation Under Review

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Kenya Airways may soon see a change in the ownership structure of two aircraft it currently leases, as Dubai Aerospace Enterprise (DAE) seeks regulatory clearance to sell them to US-based Azorra Aviation. While the deal is pending approval from the Comesa Competition Commission, operational control of the aircraft will remain with Kenya Airways, ensuring no disruption to its current services.

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Kuwait Airways and stc Sign Cooperation Protocol to Advance Aviation and Telecommunications in Kuwait

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Kuwait Airways has signed a joint cooperation protocol with Kuwait Telecommunications Company (stc), aiming to strengthen collaboration between the aviation and telecommunications sectors while enhancing customer experience and supporting Kuwait’s digital transformation strategy.

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Alaska Air Group Names Shelly Parker Head of Hawai‘i Guest Operations

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Alaska Air Group has appointed Shelly Parker as the new head of Hawai‘i guest operations for both Alaska Airlinesand Hawaiian Airlines, marking a key leadership move as the two carriers continue their integration process. Parker will also join the company’s Honolulu leadership team, strengthening local oversight of operations in Hawai‘i.

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Air Canada Expands Goodwill Policy After Labour Disruption

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Air Canada has announced a significant expansion of its Goodwill Policy, extending coverage to include reasonable accommodation and out-of-pocket expenses for passengers affected by the recent CUPE strike disruption. The update builds upon the flexible rebooking measures previously in place and aims to further support customers impacted between August 15 and 23, 2025.

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Asok Kumar Appointed Global CEO of Morrison Express

ByAdmin

Morrison Express has appointed Asok Kumar as its new Global Chief Executive Officer, effective August 1, 2025, following the company’s acquisition by Sagawa Express, a subsidiary of Japan’s SG Holdings. The move marks a significant milestone as Morrison is integrated into SG Holdings’ global logistics network.