Focus Aviation announced the sale of fifteen Fokker 100 aircraft on behalf of KLM Royal Dutch Airlines to The Evsen Group. The Evsen Group consists of nine companies ranging across different sectors including travel, manufacture and retail. They are now expanding into the aviation industry and plan to use the fifteen Fokker 100 aircraft for […]
FOCUS completes sale of fifteen FOKKER 100 aircraft for KLM Read More »
Honeywell released that they have been selected as one of the 15 industrial companies, Air Navigation Service Providers and Airports that joined Eurocontrol and the European Commission in the Single European Sky Air Traffic Management (ATM) Research Joint Undertaking (SESAR JU). The SESAR JU represents the technology pillar of the Single European Sky, an initiative
Honeywell selected as member of SESAR Read More »
Virgin America reported a $31.6 million operating loss on revenues of $101 million, a 38% improvement year over year. Revenue in 1Q09 was up by 91% versus 1Q08. Virgin America’s unit revenue in the first quarter of 2009 was up by 13.2% versus the first quarter of 2008. The airline ended 1Q09 with $38 million
Virgin America reports 2009 first quarter financial results Read More »
The Tata Group and Sikorsky Aircraft Corp. completed an agreement for Tata Advanced Systems Limited (TASL) to manufacture Sikorsky S-92 helicopter cabins in India. The first cabin is scheduled for delivery in late 2010 from a new greenfield facility that TASL will construct at Hyderabad in the state of Andhra Pradesh. Tata Advanced Systems is
Tata and Sikorsky seal agreement to manufacture helicopter cabins in India Read More »
GE Capital Aviation Services, a division of GE, announced the promotion of Norman C.T. Liu to president and chief executive officer of GE Capital Aviation Services (GECAS). Liu will take over the executive management of the business from Henry A. Hubschman who will take on the new role of chairman of GECAS. Liu and Hubschman
Norman C.T. Liu promoted to President and CEO of GECAS Read More »
Aviation Capital Group reported that it plans to use a new financing structure in conjunction with the Export-Import Bank of the United States (Ex-Im) for aircraft financing. This new structure taps capital markets that have been largely closed to commercial aviation since the credit market crisis began last September. The transaction provides for the capital
Aviation Capital Group launches new Ex-Im Bank aircraft financing structure Read More »
