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ISTAT is pleased to announce these new and returning members.

 

Congratulations to these ISTAT members on their new positions.

 

 

 

The era of independent engine servicers having a free-for-all in disassembling and maintaining engines appears to be coming to an abrupt end with profound implications for aircraft investors. Engine original equipment manufacturers (OEMs) are rapidly gaining market share with their all-inclusive support packages. The complexities of these packages combined with their tightening grip on all areas of the aftermarket will, in our view, result in the collapse of those second-tier investors and independent maintenance, repair and overhaul (MRO) companies who don’t adequately adapt their business models to meet these challenges. Read more about the forecasts in the Fall issue of Jetrader magazine.

 

 

GE Capital Aviation Services (GECAS), the aircraft leasing unit of GE (NYSE: GE), recently announced the signing of an agreement to acquire Milestone Aviation Group, the Dublin-based helicopter lessor, for $1.775 billion.

 

The appointment of a senior financial expert with a strong experience in the aviation sector demonstrates Luxaviation Group’s level of maturity within its growth phase and its willingness to establish strong leadership teams.

 

Miller joins GA Telesis with over 25 years of aviation industry experience, having most recently worked at Delta TechOps as regional sales executive.

 

The dedicated career day, held at the Orange County Convention Center in Orlando, Florida, will feature education sessions and tours, and is open to middle school, high school and college students across the U.S. who are interested in exploring career opportunities in the business aviation industry.

 

BOC Aviation is pleased to announce the official opening of the new London office, headed by Steven Townend, deputy managing director and chief commercial officer for Europe, Americas and Africa.

 

Davis joins RESIDCO from The Northern Trust Company where he was president of the bank’s leasing subsidiary, NorLease, Inc. In his new role, Davis will lead all aspects of corporate operations for RESIDCO, including transaction origination, documentation, funding, contract administration, asset management and residual realization.

 

Precision Aircraft Solutions has finished the conversion of MSN 28718, a 757, for DHL affiliate Blue Dart Aviation. The aircraft was modified at TAECO in Xiamen, PRC, and will fly in India.

 

AEI will become a Supplemental Type Certificate holder for the 737-800 passenger-to-freighter conversion and the 737-800 combi conversion. Because AEI will be an STC holder, working with licensed Boeing engineering data, AEI customers will now be eligible for access to Boeing technical support at reduced costs.

 

"The acquisition of Aergo offers a compelling and strategic solution to maximize and monetize value in existing and future aircraft investments from acquisition to disposition," said Justin Bradburn, managing director for CarVal Investors. "Aergo allows us to strategically approach what we believe is going to be a dynamic market."

 

Hannover-based Nord/LB, one of the largest commercial banks in Germany, has joined Tamweel Aviation Finance, Novus Aviation Capital’s integrated financing platform offering turnkey alternative financing solutions to airlines and aircraft leasing companies.

 

Medical Daily We may often hear there are three things that make a great leader: stay focused, communicate, and inspire. Leaders may have the ability to possess all these leadership skills, but the difference between a leader and a powerful leader lies in how well she effectively executes these abilities in a position of power.

 

Strategy+Business Decisiveness is often cited as a desirable trait in leaders. Definitions of decisive include "having the power to decide; conclusive" and "characterized by decision and firmness; resolute." Yes, a leader must make decisions, but effectiveness depends on when and how the decision is made, not just that it was made.

 

The Globe and Mail Even when individuals figure out ways to protect themselves against e-mail and phone interruptions, technology places other impediments in their way. Sometimes the technology is awkward or outdated, hard to use. Sometimes it requires excessive signing-in protocols or approvals before important data can be accessed. Sometimes, employees can be more effective using technology that’s not approved for the workplace. It all adds up to frustration, as autonomy and flow are blocked.