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All News

December 11, 2012

AIG To Sell Up To 90 Percent Of ILFC

Chinese Investor To Buy Lion's Share Of International Lease Finance Corporation

American International Group and an investor group led by Mr. Weng Xianding, the Chairman of New China Trust Co. Ltd., announced Sunday that they have entered into an agreement under which AIG will sell up to a 90 percent stake in International Lease Finance Corporation (ILFC), a non-core asset, to the investor group in a transaction that values ILFC at approximately $5.28 billion.

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Sullenberger: 'We Need Experienced Pilots'

'Safety Standards Should Not Be Lowered To Accommodate The Airlines'

Captain Chelsey "Sully" Sullenberger has gone on the record as saying that new rules requiring pilots to have 1,500 hours in their logbooks before becoming an airline pilot are on the mark, and should not be changed because of a looming pilot shortage.

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Boeing, Turkish Airlines Finalize Order For 15 777-300ERs

Largest Order By Value In Turkish Airlines History

A firm order for 15 777-300ER (Extended Range) airplanes worth $4.7 billion at list prices has been finalized between Boeing and Turkish Airlines. The agreement, first announced in October as a commitment, also includes options for five additional 777-300ERs and is the largest order by value in Turkish Airlines' history.

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AD: Saab AB, Saab Aerosystems Airplanes

AD NUMBER: 2012-24-06

PRODUCT: Certain Saab AB, Saab Aerosystems Model 340A (SAAB/SF340A) and SAAB 340B airplanes.

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American Airlines' Pilots Ratify New Contract

Moves Carrier A Step Closer To Emerging From Bankruptcy

American Airlines cleared one of the last remaining hurdles to emerging from bankruptcy late last week, as its pilots' union agreed to a new labor agreement.

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Groups Urge FAA To Credit Pilots For Employment, Training Towards Experience

Letter To Acting Administrator Huerta Stresses Flexibility In Certification Standards

Three organizations have written a letter to acting FAA administrator Michael Huerta urging the agency to grant flight hour credit to current pilots based on their airline training and experience as they draft new regulations to raise certification standards for newly hired airline pilots. ALPA, Airlines for America and the Regional Airline Association, are all signatories to the letter.

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