Air Lease Corporation (ALC) reported the additions of three new vice presidents to its executive team, Chi Yan, Michael Bai, and Jenny Van Le. Michael Bai and Chi Yan will add depth to ALC’s marketing efforts in China and Asia, while Jenny Van Le brings experience and expertise in financing and leasing to ALC’s legal […]
ALC adds three VPs to executive team Read More »
airBaltic, the Latvian national airline, filed for legal protection on September 21st, and submitted a plan to the court to continue operations. The two main shareholders of the airline, the Latvian government ( which owns a 52.6% share), and Baltic Aviation Systems (BAS), the company owned by the airline’s president and CEO Bertolt Flick (47.2%), failed to
airBaltic files for legal protection Read More »
Porter Airlines has been awarded 16 additional slots at Billy Bishop Toronto City Airport. A slot is defined as a single take-off or landing. The additional 16 slots give Porter a total of 172 at Toronto City Airport. Porter currently operates 156 slots. The slot allocation process is based on defined criteria set out by
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United Technologies has reached agreement to purchase Goodrich Corporation for $127.50 per share in cash. This equates to a total enterprise value of $18.4 billion, including $1.9 billion in net debt assumed. United Technologies expects to finance the transaction through a combination of debt and equity issuance. The equity component is expected to approximate 25% of
United Technologies to acquire Goodrich Corporation for $127.50 per share in cash Read More »
Atlas Air Worldwide Holdings, a leading global provider of outsourced aircraft and aviation operating services, notified Boeing that it has exercised its contractual termination rights with respect to three early production 747-8 freighters after lengthy delays and performance considerations. These three early production freighters were previously scheduled to be Atlas Air’s first deliveries in 2011. Subsequently,
Atlas Air Worldwide terminates previous order of three 747-8 freighter Read More »
Chile’s antitrust court, Tribunal de Defensa de la Libre Competencia (TDLC), approved the merger between LAN and TAM. This represents one more step in the process which both companies have followed to complete the transaction. The antitrust court’s resolution is complex and considers a series of mitigating measures. Therefore, both companies are currently analyzing in
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GOL Linhas Aéreas Inteligentes S.A. received approval from the National Civil Aviation Agency (ANAC) to conclude the acquisition of Webjet Linhas Aéreas S.A. by GOL Linhas Aéreas Inteligentes S.A., through its subsidiary VRG Linhas Aéreas S.A., in accordance with the Memorandum of Understanding executed on July 8, 2011. The two companies are still operating as
GOL receives ANAC approval for Webjet acquisition Read More »
VAS Aero Services and JetBlue Airways have signed an agreement that appoints VAS as JetBlue’s consignee for the redistribution of select A320 and E190 spare parts. VAS will provide, among other things, logistics and sales resources for various spare airframe and engine material over the next three years.
VAS Aero Services and JetBlue Airways sign material re-distribution agreement Read More »
MTU Aero Engines will soon use finished parts made in China to manufacture commercial engine components. On Thursday, September 22, 2011, MTU Aero Engines and the Chinese company Xi’an Aero-Engine (XAE) concluded a deal for the supply of 52 finished parts, which will go into commercial engine models. The 52 items procured include rotating and stationary
MTU Aero Engines cooperates with new supplier from China Read More »
Lufthansa Technik AG handed over the first of four Global 5000 aircraft to the Special Air Mission Wing of the German Federal Ministry of Defence (BMVg). Over a period of 24 months, the new aircraft was constructed by the Canadian aircraft manufacturer, Bombardier, and adapted to the special requirements of a governmental transport aircraft. The
Lufthansa Technik hands over first Bombardier Global 5000 Read More »
