MNG Technic, the only private Aircraft Maintenance Center in Ataturk Airport Istanbul, Turkey, announced the construction of a new MRO hangar in Ataturk Airport. The management of MNG released that the project will be implemented in four sections. The total size of the hangar is 64.000m
MNG Technic announces new hangar project Read More »
DVB Group (DVB) presented its financial statements for the 2008 business year. Maintaining its consistent focus on the global Transport Finance business, the Bank followed up on the record figures posted for 2007 with a very satisfactory result, in spite of all the challenges brought about by the spreading crisis in the financial markets and
DVB Group presents financial statements for 2008 Read More »
AeroThrust Corporation, a commercial maintenance, repair and overhaul (MRO) facility serving both the CFM56 and the JT8D family of engines, announced the promotion of Jose Leon to President and Chief Operating Officer.
AeroThrust Corporation promotes Jose Leon to President and COO Read More »
BAE Systems has entered into a definitive agreement to acquire Advanced Ceramics Research, Inc., a Tucson, Arizona-based producer of small Unmanned Aircraft Systems (UAS) and advanced ceramic materials. The transaction is a stock purchase of a private company, and will be completed following receipt of regulatory approvals. The acquisition supports BAE Systems’ UAS strategy. To
BAE Systems to acquire Advanced Ceramics Research Read More »
Embraer has named the Riyadh-based Al Saif Group as its authorized sales representative (ASR) in Saudi Arabia. The Group will be selling the entire line of Embraer Executive Jets products. Embraer
Al Saif Group named Embraer sales representative in Saudi Arabia Read More »
Sagem (SAFRAN Group) was selected by the ATR consortium in an international competition to develop and produce the MPC 600 (Multi-Purpose Computer). This new onboard computer, used to record flight and maintenance data, is intended for the consortium
ExelTech Aerospace reported the appointment of Mr. Sylvain Duval to the Board of Directors of the Corporation. Mr. Duval joined ExelTech Aerospace in April 2008 as President and Chief Operating Officer.
ExelTech appoints Sylvain Duval to Board of Directors Read More »
In 2008 the Hamburger Lufthansa Technik Group was able to increase its revenues and results in the face of a generally shrinking market. Revenue increased overall by 4.1% to EUR 3.7 billion. The 2008 annual report submitted for the 20 companies that make up the Lufthansa Technik Group showed a EUR 295 million pre-tax profit,
Lufthansa Technik Group grows 2008 against MRO market trend Read More »
Vought released that revenue for the year ended Dec. 31, 2008 was $1,796.6 million, an increase of $171.1 million or 11%, compared with the same period last year. Commercial revenue increased $75.2 million, or 9%. Revenue for Boeing programs increased $59.1 million primarily due to increased non-recurring sales for the 747-8 program and initial deliveries
Vought reports 2008 net income increased by $47.4 million Read More »
AerCap Holdings reported that AerVenture Limited, its consolidated joint venture, has signed a facility agreement with Calyon S.A. and other banks and financial institutions, outlining the terms pursuant to which the European Export Credit Agencies may provide guarantees on up to $846 million of financing to commercial banks to fund deliveries of A320 family aircraft
AerCap signs two debt facility agreements Read More »
