Titan Aviation Leasing, the joint venture between Titan Aviation Holdings, Inc., a subsidiary of Atlas Air Worldwide, and Bain Capital, announced the acquisition of two converted Airbus A330-300 Passenger-to-Freighter (P2F) aircraft (MSN 1789 and 1712), powered by Rolls-Royce engines, from Airbus Financial Services. Both aircraft are now on long-term lease with mas, a leading cargo carrier based in Mexico. Titan will manage the freighter assets. This transaction bolsters Titan’s portfolio … [Read more...] about Titan Aviation Leasing acquires two Airbus A330-300P2F freighters on lease to mas
MAS
Top five AI trends in shipping for 2020
The buzz around artificial intelligence (AI) continues to proliferate, with shipping companies beginning to explore AI’s potential in predictive maintenance, intelligent scheduling and real-time analytics. GlobalData’s ship technology writer Alexander Love looks at five specific areas set to benefit from artificial intelligence in 2020: Automated processes at shipping terminals The shipping industry is growing in confidence at AI technology’s capacity to run … [Read more...] about Top five AI trends in shipping for 2020
Malaysia Airlines orders 25 B737 MAX 8s
Malaysia Airlines announced today an order for 25 B737 MAX 8 aircraft, valued at US$2.75 billion at current list prices. The order also includes purchase rights for additional B737 MAX 8 and B737 MAX 9s. Malaysia Airlines currently operates 56 737-800s. "This deal is a game-changer for Malaysia Airlines with much lower costs and greater efficiency which we will pass on to our loyal customers with lower fares," said Malaysia Airlines CEO Peter Bellew. "With the 737 MAX's longer range … [Read more...] about Malaysia Airlines orders 25 B737 MAX 8s
Malaysia Aviation Group names new CEO for Malaysia Airlines
Malaysia Aviation Group Bhd (MAG) has appointed Peter Bellew as the new group managing director and CEO of Malaysia Airlines Bhd (MAS) in place of Christoph Mueller who resigned unexpectedly after serving about half his three-year term. Bellew, who is currently the chief operating officer, begins his term from tomorrow, 1 July. Malaysia Airlines now has its third CEO in two years following two fatal air crashes in 2014 that devastated the already unprofitable carrier. Khazanah Nasional Bhd - … [Read more...] about Malaysia Aviation Group names new CEO for Malaysia Airlines
Malaysia Airlines CEO Mueller surprises with early resignation
In a surprise move Malaysia Airlines Bhd (MAB) CEO and managing director Christoph Mueller has announced his departure from the airline effective September 2016, but intends to remain as its non-executive director. In a statement, MAB said Mueller, who made immense contribution in the restructuring of Malaysia Airlines, had requested to depart before the end of his three-year contract due to "changing personal circumstances”. Mueller joined the Board of Malaysia Airlines System Bhd as a … [Read more...] about Malaysia Airlines CEO Mueller surprises with early resignation
Malaysia Airlines Bhd to operate new A350-900s
The recently-relaunched Malaysian national carrier that was rebranded from Malaysia Airlines System (MAS) to Malaysia Airlines Berhard (MAB), has signed a contract with US-based Air Lease Corporation (ALC) for the long-term lease of four new A350-900s. The deal also includes options for two additional A350-900s and two A330-900neo aircraft. The new A350s will be delivered between the fourth quarter of 2017 and the second quarter of 2018. The new A350s will join Malaysia Airlines’ existing … [Read more...] about Malaysia Airlines Bhd to operate new A350-900s
