On Tuesday, the CEO and CFO of GD Helicopter Finance, a Chinese-owned and Irish-headquartered aviation lessor, announced their departures from the business.
AerCap struck a deal with Honeywell over disputed parts in the bankruptcy of Spirit Airlines, while repair firms like EirTrade are buying up aircraft for teardown and re-selling of equipment.
Governments caution flying to Saudi Arabia, or through its airspace, after weekend attack left at least 12 dead, writes Benjamin Katz, The Wall Street Journal.
The low-cost airline has been propped up by subsidies and been battered by fuel costs stemming from Middle East crises. Now it must renegotiate contracts with Irish-based lessors.
The Irish-registered Russian lessor, under Western sanctions, alleges EasyJet abandoned its planes in 2022 and it lost more than $70 million in the process.
AerCap successfully challenged a tax ruling in India to avoid double taxation, while a revamp of bankruptcy rules makes aircraft repossessions in cases of default more straightforward.
Pressure is growing on airlines to re-evaluate the safety of flying to Russia as the drone war escalates, write Benjamin Katz, Marcus Walker and Serhii Bosak, The Wall Street Journal.
Volga-Dnepr, a Russian cargo carrier sanctioned in the West, failed to get sanctions lifted in Canada. Authorities there have seized a plane that is linked to an Irish subsidiary.
GD Helicopter Finance, based in Dublin and owned by China’s GDAT, tried to buy a Belgian helicopter operator but a government minister said the deal was risky for national security.
Aviation entrepreneur Declan Ryan, who previously co-founded Ryanair, is helping aid workers in Colombia after more than 280 people were killed in an earthquake this week.
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