17 May 2011

Spirit AeroSystems completes 787 contract amendment with Boeing

Spirit AeroSystems has signed the formal contract amendment with Boeing regarding certain claims associated with the development and production of the 787-8 airplane. The amendment completes the previously announced memorandum of agreement. "With this agreement we continue to reinforce our partnership with our largest customer as we work together for the long-term success of the …

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Cessna selects Aircell for global inflight connectivity

Aircell, a leading provider of inflight connectivity, released that beginning in 2012, Cessna Aircraft Company will offer Aircell’s Aviator 300 system as an option on new Citation XLS+, Citation Sovereign and Citation X business aircraft. The Aviator 300 will be fully integrated with the Aircell Axxess cabin system, seamlessly delivering a robust, global inflight connectivity …

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Air Lease Corporation reports first quarterly positive pre-tax income

Air Lease Corporation recorded the first quarterly positive pre-tax income of $4.9 million and net income of $3.2 million and recorded cash flow from operations of $38.5 million for the three months ended March 31, 2011. For the same period, they recorded adjusted net income of $11.7 million and adjusted EBITDA of $45.2 million. Air …

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LBAS expands Part 145 approval for Qatar registered aircraft

Lufthansa Bombardier Aviation Services GmbH (LBAS) has extended its portfolio of various approvals to include Qatar. This approval is a mandatory requirement to offer LBAS’ wide range of maintenance services to Bombardier Challenger 604/605 aircraft flying under Qatar registration. A first – undisclosed – customer from Qatar has already signed a maintenance agreement with LBAS …

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Freestream Aircraft and Lufthansa Technik sign LOC for BBJ 2 completion

Freestream Aircraft Limited and Lufthansa Technik have signed a Letter of Commitment for a Boeing Business Jet (BBJ) 2 VIP Cabin Interior Completion project. The project is scheduled to start end of 2012. The hand-over of the aircraft is scheduled for mid 2013. The interior of the BBJ 2 will be designed by MNAerospace Ltd. …

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