Sanad Aero Solutions GmbH, a wholly-owned subsidiary of Mubadala Development Company, has increased its leasing portfolio of spare engines and components with Etihad Airways through the addition of new assets valued at US$100 million, including spare GEnx and GP7200 engines and spare landing gear and nacelles, to support the airline’s growing fleet of B777, B787, A320 and A380 aircraft. With the additional assets, the overall value of Sanad’s leasing relationship with Etihad … [Read more...] about Sanad extends contract with Etihad by US$100M
air freight
Worldwide Air Logistics to acquire Florida West
Worldwide Air Logistics Group, an affiliate of Southern Air Holdings, will acquire Florida West International Airways, a provider of 767-300 ACMI air cargo services. Florida West operates scheduled and charter services, primarily in Latin America, the Caribbean and the US for its primary customer LAN Cargo. Florida West is based in Miami, Florida, where its headquarters will remain. Southern Air and Florida West will remain separate air carrier operating companies. Each carrier will continue … [Read more...] about Worldwide Air Logistics to acquire Florida West
Emirates announces two key appointments
The Emirates Group has announced two appointments to its senior management team for key operational functions. Saeed Mohammed has been appointed as CEO, Emirates Flight Catering. He will be succeeded by Yousuf Mohammad Ali, who has been appointed as senior vice president procurement & logistics for Emirates Airline and Group Services. His Highness Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief executive of Emirates Airline and Group, highlighted the pivotal role of these new … [Read more...] about Emirates announces two key appointments
Japan Post to buy Toll for US$5B
State-owned Japan Post will buy Australian logistics company Toll Holdings Ltd. for US$5.07 billion, as it seeks new sources of growth ahead of an initial public offering planned for later this year. Under the deal, Toll will retain its name and run as a division under Japan Post. Toll’s board of directors has unanimously recommended shareholders accept the offer. The move came as Toll announced a 22 per cent slide in its first half profit because of challenging economic … [Read more...] about Japan Post to buy Toll for US$5B
Cathay gives Kolkata its second freighter service
Cathay Pacific Airways has launched a new service to Kolkata, India, commencing 11 March 2015. Cathay Pacific will become the only carrier providing direct freighter services between Kolkata and Hong Kong. The scheduled service will operate twice a week on a HK-New Delhi-Kolkata-HK routing. It will strengthen the airline’s airfreight presence within the subcontinent, offering customers choice and flexibility when moving goods between South Asia and other parts of the world. Cathay … [Read more...] about Cathay gives Kolkata its second freighter service
Stephen Kavanagh named new Aer Lingus CEO
Aer Lingus has appointed Stephen Kavanagh as its chief executive. He joins the airline at a time when IAG, the British Airways owners, is looking to buy Aer Lingus in a US$1.6 billion deal. Kavanagh replaces Christoph Mueller who is leaving on 28 February to take the top spot at Malaysia Airlines. Kavanagh has been with Aer Lingus since 1988. He held a number of operations and commercial roles before becoming a company executive in 2006. He was part of the IPO team and became CCO in … [Read more...] about Stephen Kavanagh named new Aer Lingus CEO
