Boeing Shanghai grows capacity with new hangar
June 23, 2026
Maintenance provider Boeing Shanghai Aviation Services has formally opened a new facility at Shanghai Pudong International airport in China. Designed to accommodate four widebodies and two single-aisles, the newly constructed hangar became operational in April, says the Shanghai Airport Authority, which jointly owns Boeing Shanghai Aviation Services alongside the US airframer and China Eastern Airlines. The hangar replaces the Pudong site from which Boeing Shanghai previously operated, the company says in a video posted on LinkedIn. At a groundbreaking ceremony in June 2024, Boeing Shanghai said the new facility would enhance both hangar utilisation and overall production capacity. Construction was completed in December 2025. Established in 2006, Boeing Shanghai supports 737s, 747s, 767s, 777s, 787s and Airbus A330ceos, its website indicates. Its service range spans aircraft maintenance and modifications, component repairs, engineering services, and supply-chain management. The company additionally completes 737 passenger-to-freighter conversions, as part of Boeing's P2F programme, for aircraft operating under the rule of the Civil Aviation Administration of China. Cirium Ground Events analytics list base-maintenance checks of 30 aircraft at Boeing Shanghai since June 2024. These aircraft comprise 23 787s, four 777s, two 737s and one 767. The largest customer by the number of checks was Virgin Atlantic Airways, with seven, followed by Shanghai Airlines with six and Royal Brunei Airlines with four – all for 787s. Three 777 checks were conducted for China Eastern and three 787 ones for its subsidiary China Eastern Airlines Yunnan.
Doric files fresh lawsuit against AirAsia in UK court
June 23, 2026
German asset manager Doric has filed a fresh lawsuit against AirAsia in the London Circuit Commercial Court. Court records show the case was filed on 19 June against AirAsia Berhad and Asia Aviation Capital. Doric is being represented by law firm Norton Rose Fulbright. The asset manager has previously brought claims against AirAsia, including filings in 2021, 2022 and in 2025. Cirium fleets data shows Doric has a 2008-vintage Airbus A320ceo bearing registration PK‑AXE (MSN 3715) leased to Indonesia AirAsia. Cirium has reached out to AirAsia for comment.
O'Leary's new Ryanair contract could be worth over €150 million
June 22, 2026
Ryanair has agreed that group chief executive Michael O’Leary will lead the company until April 2032, concluding months of negotiations with the airline's board and key shareholders. The announcement formalises discussions flagged earlier this year when the carrier said that talks to extend O'Leary's tenure were "almost concluded". At the time, Ryanair indicated it would consult institutional investors before finalising any agreement. Under the new contract, O’Leary will continue to lead Europe's largest low-cost carrier for an additional four years beyond his previous end date of 2028. The revised package retains a structure similar to O'Leary's previous remuneration arrangements, with a fixed salary and capped bonus, but again places heavy emphasis on performance-linked share options. He will receive a new one-off option over 10 million ordinary shares, exercisable only if profit or share price targets are met. Those targets are significantly higher than those attached to his 2019 contract. To secure full vesting, Ryanair must generate annual post-tax profits of more than €4 billion ($4.6 billion), or its shares must trade above €42 for 28 consecutive days before the end of March 2032. The strike price for the options is set at €26.70, reflecting the market level in February 2026 prior to a decline linked to the war in Iran. If he meets the performance metrics set out in the new contract, O'Leary's share options would be worth around €150 million. The structure mirrors earlier incentives that rewarded O'Leary for driving sustained growth in profitability and shareholder value. Under his 2019 agreement, he was granted options over 10 million shares at €11.20, contingent on the stock exceeding €21 for 28 consecutive days or net profit surpassing €2 billion. He met the share-price condition in May 2025, netting him around €100 million. Ryanair chairman Stan McCarthy says the process, which began in the spring, involved "extensive engagement" with major shareholders before reaching agreement. "Michael [O'Leary] has agreed to extend his leadership of the Ryanair Group for the next six years to April 2032, for the benefit of all shareholders," he comments. The extension comes despite O’Leary previously signalling he might step aside within "five to 10 years", suggesting the board and investors remain keen to retain his leadership as Ryanair pursues further expansion. The airline argues the new targets are "very ambitious" and would create "substantial additional value" for shareholders if achieved.