Good Week

Air Berlin
 © Air Berlin
AIR BERLIN The German carrier sealed a long-term engine maintenance deal with SR Technics and an engine finance agreement covering a dozen spare powerplants with a value of $100 million with Abu Dhabi-based Mubadala Development, which controls SR Technics. Says chief financial officer Ulf Huttmeyer: "The off-balance sheet financing agreement with Mubadala makes us one of the first airlines in Europe to directly access this source of funding."

 

Bad Week

Nepal Airlines
 © Airbus
NEPAL AIRLINES The state-owned carrier's purchase of two Airbus aircraft - an A330-200 and an A320 - has been put on hold while it awaits the decision of a parliamentary committee that has questioned the deal, which was sealed at the Dubai air show in November. The committee stalled the purchase because, while the aircraft were in the budget, the airline made an advance payment of $750,000 to Airbus without government approval, says the airline.

 

 

Source: Flight International

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