UK investment firm gains control of Switzerland’s PrivatAir

October 29, 2016 1:46 am
UK investment firm gains control of Switzerland’s PrivatAir

UK-based venture capital group SilverArrow Capital says it has acquired a majority 51% stake in PrivatAir SA. The value of the transaction was not disclosed. Under the deal, SilverArrow will boost PrivatAir’s financial resources while working alongside the firm to develop growth-oriented, sustainable strategies. SilverArrow says it will work in […]

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United secures Dickinson, ND EAS contract

October 28, 2016 10:46 am
United secures Dickinson, ND EAS contract

The US Department of Transportation says it has selected United Airlines (UA, Chicago O’Hare) to provide Essential Air Service (EAS) at Dickinson, North Dakota, over the period September 28, 2016, through to September 30, 2018. It is recalled that United had earlier operated the route on a strictly commercial basis. […]

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UPS orders 14+14 B747-8 freighters

12:50 am
747-8F First Flight K64878-35_FA252584

MAJUMDER RAFIQ US-based global logistics giant UPS has announced the placement of a firm order with Boeing (BOE, Chicago O’Hare) for fourteen B747-8(F)s. The agreement also includes options for fourteen additional aircraft of the same type. “These aircraft are a strategic investment for increased capacity for UPS customers around the […]

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Jakarta says no plans to water down Garuda shareholding

October 27, 2016 7:43 am
Jakarta says no plans to water down Garuda shareholding

The Indonesian government has denied reports in the Japanese press linking it to the proposed sale of a minority stake in Garuda Indonesia (GA, Jakarta Soekarno-Hatta). Earlier this week, the Nikkei newspaper reported Jakarta was preparing to offload a 9.5% stake in Garuda to a group of unspecified investors. However, […]

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SAS adds first A320neo

October 26, 2016 10:12 pm
SAS adds first A320neo

SAS Scandinavian Airlines (SK, Copenhagen Kastrup) has formally unveiled its first A320neo, LN-RGL (cn 7290), during a ceremony at Stockholm Arlanda on Tuesday, October 25. The aircraft was actually ferried from Hamburg Finkenwerder to Arlanda on Friday last week. SAS has thirty of the type on order from Airbus Industrie […]

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