Transportation Industry
Aircraft Finance & Leasing News - North America
AirGuide Business, Sept 8, 2008
StandardAero
StandardAero named Scott Shiells as its airframe program director for the business aviation sector days after replacing its top executives with managers from parent Dubai Aerospace Enterprise. Sep 8, 2008
Zoom Airlines
Transatlantic operator Zoom Airlines has suspended operations after failing to secure a refinancing package. The carrier had planned to appoint an administrator and seek creditor protection after operations had been disrupted following the debt-related seizure last week of one of its Boeing 767s. Zoom's two divisions, based in Ottawa and at London Gatwick, operate 767s and 757s. Citing "the horrendous increase in the price of aviation fuel and the economic climate" for Zoom's troubles, executive chairman Hugh Boyle says: "We have done everything we can to support the airline and left no stone unturned to secure a refinancing package that would have kept our aircraft flying." Sep 1, 2008
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