Mergers and capacity reductions among Chinese airlines may result from the COVID-19 outbreak, as the Civil Aviation Administration of China (CAAC) said it will support reorganization of the industry as part of its response to the crisis.
Lessor Aircastle’s acquisition by Marubeni Corp. and Mizuho Leasing is “progressing as expected,” Aircastle CEO Michael Inglese said ahead of a Mar. 6 shareholder vote on the proposed tie-up.
Saudi Arabian Airlines Group (Saudia) has appointed Ibrahim Koshy as its new CEO, succeeding Jaan Albrecht whose contract expired at the beginning of the year.
Singapore Technologies (ST) Engineering’s aerospace sector is looking to add value and synergy to its MRO capabilities by providing more customized cabin interior design solutions.
Qantas has reportedly reiterated that it needs to reach a deal with its pilots by the end of March so it can finalize an order for Airbus A350-1000s to operate new ultra-long-haul routes.
Singapore Technologies (ST) Engineering has signed a license agreement with CFM International to provide MRO services for the Boeing 737 MAX’s LEAP-1B engine.
Bombardier will continue mulling a split-up of the Canadian train and business jet maker, with the company’s chief executive sounding like he favors staying in the latter business, according to comments made during a Feb. 13 teleconference.
Albany International, the provider of 3D-woven composite fan blades to Safran for LEAP aircraft engines, has let go workers as it tries to adjust to lower demand related to the Boeing 737 MAX production halt, the company’s new executive team told analysts.
