UK bank Abbey National has concluded its deal with lessor Boullioun Aviation Services to manage its IEM AirFinance portfolio of 30 aircraft, valued at $950 million. Abbey had considered selling the portfolio but because of the difficult market conditions chose instead to find an interim manager for the fleet until it could sell the aircraft. Abbey intends to exit the business in three years.
Source: Airline Business
UK investigators have disclosed that a vintage glider was damaged in collision with a small drone being flown by a young operator. The Slingsby T21B – built in 1947 – has a high-wing configuration and an open cockpit, with two seats arranged side-by-side. It had been carrying a pilot and ...
Norwegian investigators believe aviation regulators and the government should assess whether sufficient consideration is given to flight safety when granting aerodrome licences, following a series of flight-school incidents at Gullknapp Arendal airport.
Latvian carrier Air Baltic’s training arm is to acquire a number of all-electric Diamond Aircraft models, as part of a modernisation of its fleet. The company has reached a tentative agreement for three Diamond eDA40s, a derivative of the single-engined DA40. It will also take a pair of twin-engined DA42-VIs. ...
