Nordic Aviation Capital Posts US$2.36 Billion Loss, Asks Creditors To Turn Debt Into Equity
Nordic Aviation Capital (NAC), the world’s largest lessor of regional aircraft, has reported a US$2.36 billion loss, due largely to a write down in the value of its aircraft assets,…
Hevilift Expands Into Western Australia
Charter operator Hevilift Australia, which is based in Brisbane, has expanded into Western Australia doing charter work for the mining and resource sector. The airline’s CEO, Ashley Roy, says it…
UK High Court Issues Summary Judgement Against SpiceJet And In Favour Of De Havilland Aircraft of Canada
A UK court has issued a summary judgement in favour of De Haviland Aircraft of Canada which had sued SpiceJet for about US$43 million for failing to pay for and…
General Atomics Europe Completes Purchase of Dornier 228 Program
General Atomics Europe has completed the purchase of German company RUAG Aerospace Services and plans to expand it far beyond its existing business area. Swiss aerospace company RUAG International says…
Lessor Avation Anticipates Virgin Australia Administrator Will Only Pay Small Fraction Of Monies Owed
Aircraft lessor Avation anticipates it will only receive a fraction of the monies Virgin Australia owes it. Aviation says it had 11 ATR 72s and two Fokker 100s leased to…
Mitsubishi Aircraft Chairman Retires
The chairman of Mitsubishi Aircraft ( 三菱航空機株式会社 ) , who until early last year had been company president, has left the beleaguered aircraft-maker. Mitsubishi says in a short statement on…