The Supervisory Board of KLM has nominated a successor of Pieter Elbers as President and CEO of the Dutch airline. The preferred candidate is Marjan Rintel, currently President at Dutch Railway Nederlandse Spoorwegen (NS). The nomination still needs approval from KLM’s…
UPDATE – AerCap, the world’s largest leasing company, expects to recognize an impairment on its assets leased to Russian airlines that have not been returned following the sanctions on Russia. The exact amount hasn’t been determined, but the impairment will…
Air New Zealand has disclosed details of its planned recapitalization, which should help it recover from the effects of the two-year Covid-crisis that hit the airline deeply. With the new NZ$2.2 billion package, Air New Zealand wants to repay an…
Here is our rolling report with short aviation news for the month of March 2022: 28 – Boeing has named Ted Colbert (picture) as the new President and CEO of its Defense, Space and Security business unit. Colbert succeeds Leanne…
Irish lessor Avolon has placed fifty Vertical Aerospace VX4 eVTOL aircraft with Gözen Holding, making it the first to enter the Turkish market for urban air mobility (UAM). Gözen plans to develop this emerging market, notably around Istanbul and its…
Saudi Arabian low-cost airline flynas is set to drastically grow in the remainder of this decade. Its Board of Directors has ratified plans to more than double its fleet from the previously projected 120 aircraft to 250 aircraft in 2030, in…