Asia-Pacific Aerospace Briefs Today
June 12th 2025
Today’s briefs report news from AerCap, Avation PLC, Commercial Court in London, ING, Philippine Airlines, Rolls-Royce and Vietnam Airlines. Read More »
Rolls-Royce intends by 2028 to be running two versions of its UltraFan demonstrator engine, UltraFan 30 for narrowbody aircraft and UltraFan 80 one for widebodies, with flight tests to follow by the end of the decade, FlightGlobal reported.
AerCap has been awarded insurance payment by English Commercial Court for aircraft and engines lost in Russia. The Commercial Court in London found that its subsidiary, AerCap Ireland Limited, is entitled to recover its claim for an indemnity of approximately $1 billion from the insurers under the “War and Allied Perils” Coverage section of its contingent and possessed insurance policy. This award is in respect of the aircraft and engines which AerCap and its affiliates formerly leased to Russian airlines and were not recovered from Russia following its invasion of Ukraine in February 2022. The indemnity amount is due to be paid by July 2, 2025.
Vietnam Airlines and ING have signed a Memorandum of Understanding (MOU) for financial cooperation with a funding scale of up to USD 1.5 billion. This landmark partnership will support key strategic projects, enhance Vietnam Airlines’ competitiveness, and accelerate the expansion of its international flight network.
Avation PLC announced that it has entered into an agreement to sell a Boeing 777-300ER widebody aircraft, currently on lease to Philippine Airlines.
