Engineering and leasing news

Airbus and Boeing have officially completed the long-planned carve-up of Spirit AeroSystems, bringing one of the world’s largest aerostructures suppliers under the direct control of the two dominant aircraft manufacturers. The move marks one of the biggest reshuffles of the global aerospace supply chain in decades. The transaction, finalised on [read more]

Dublin, Ireland headquartered aviation finance specialist Avolon has delivered the 50th Aircraft to the fleet of low-cost carrier, Jetsmart. The Airbus A321neo is the last of four A320neo family aircraft that Avolon has placed with Jetsmart and marks a fleet milestone for the South American carrier. Paul Geaney, President and Chief [read more]

Leading UK low-cost carrier (LCC) easyJet (U2/EZY) is set to acquire Slovenian MRO provider Adria Tehnika for an undisclosed amount. Based in Brnik, Adria Tehnika has a five bay MRO (Maintenance Repair and Overhaul) facility which is already carrying out heavy maintenance on easyJet’s Airbus fleet. Subject to regulatory approval, [read more]

Wing transport capacity at Airbus’ wing manufacturing site at Broughton, North Wales; has been doubled following the opening of a new central hub for Oversized Beluga Transport Jigs. The facility is the first of its kind in the Airbus network and is the result of a €7.8m investment in the [read more]

European OEM Airbus has issued an alert to operators of Airbus A320 family warning them to a potential risk of critical flight control data corruption from intense solar radiation. Airbus worked with aviation authorities, including European Aviation Safety Agency (EASA), after identifying a significant number of A320 family aircraft which [read more]

Latvian carrier and Aircraft, Crew, Maintenance and Insurance (ACMI) specialist Smartlynx has announced it is ceasing operations following an evaluation of its financial circumstances. Smartlynx has operated for several UK carriers including TUI Airways UK and the former Thomas Cook over its three decades long operation. Having filed for legal [read more]

It’s been a busy week for Dublin-based aviation financing specialist Avolon, as it has agreed lease deals with three airlines for 20 aircraft. Etihad The largest deal is with Abu Dhabi-based Etihad, for which Avolon will provide the airline with nine Airbus A330neos and four A320neos, as announced at the [read more]

Libya’s first private airline, Buraq Air, has signed a Memorandum of Understanding (MoU) to acquire 10 Airbus A320neo Family aircraft, marking the carrier’s first purchase agreement with the European manufacturer. The deal, announced at the Dubai Airshow, positions Buraq Air as a new Airbus customer as it looks to modernise [read more]