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
French investigators are seeking tighter regulations to ensure safety for passengers who pay for on-demand flights outside of commercial air transport operations. Investigation authority BEA is urging action from the European Union Aviation Safety Agency after a Piper PA-46 stalled and landed hard, badly damaging the aircraft, during a fourth ...
UK regulators are mandating installation of active carbon monoxide detectors in certain piston-engined light aircraft from the beginning of next year. The Civil Aviation Authority had formally sought opinions from the general aviation community last year in order to shape its policy on the issue. Its directive requires carriage of ...
We put Pipistrel’s unique Velis Electro through its paces, to assess its potential as a training aircraft and learn whether range anxiety driven by its limited battery life could hinder operations.
