November 9, 2011

Boeing receives $1.7bn for 7 more US Navy P-8A Poseidon aircraft

Boeing received a $1.7bn low-rate initial production (LRIP) award from the U.S. Navy for seven additional P-8A Poseidon maritime surveillance aircraft. LRIP-II is the follow-on to an initial LRIP-I contract awarded in January to provide six Poseidon aircraft. Overall, the Navy plans to purchase 117 Boeing 737-based P-8A anti-submarine warfare, anti-surface warfare, intelligence, surveillance and reconnaissance …

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SDV selected for Airbus’ worldwide spares warehouse management

MRO & Production, Top Stories / Leave a Comment

SDV has been selected to manage Airbus’ spares warehouses in Hamburg, Frankfurt, Dubai and Singapore in order to ensure a continuous spare parts and material supply all year long, around the clock, under aviation quality requirements and with a high level of responsiveness. Airbus aims at optimizing their warehouse operations through the use of flexible …

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TIMCO formally opens new interiors manufacturing facility in North Carolina

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TIMCO Aerosystems, a unit of TIMCO Aviation Services, formally opened its new 120,000 square foot aircraft interiors manufacturing facility in Wallburg (Davidson County), North Carolina, near its Greensboro headquarters. The facility adds new capacity to TIMCO’s existing seat manufacturing operations in Pacoima, California, including assembly of its popular FeatherWeight series of seats which save airlines fuel and maintenance …

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ST Aerospace receives CAAS and EASA Part 147 Maintenance Training Organisation approvals

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ST Aerospace has been certified as a Part 147 Maintenance Training Organisation (MTO) by the Civil Aviation Authority of Singapore (CAAS) and European Aviation Safety Agency (EASA) to provide aircraft type training for narrow-body and wide-body aircraft. The training courses will be conducted at ST Aerospace’s dedicated technical training centre in Paya Lebar, Singapore.

Willis Lease Finance reports nine month net income up 50%

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Willis Lease Finance Corporation , a leading lessor of commercial jet engines, reported third quarter pretax profits grew 19% compared to the year ago period. Net income was $2.3m in the third quarter of 2011, compared to $3.1m in the third quarter a year ago. The current quarter’s net income was reduced by $1.3m due …

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Copa Holdings reports net income of US$70.3m

Financial / Leave a Comment

Copa Holdings reported net income of US$70.3m for 3Q11, excluding special items, Copa Holdings would have reported an adjusted net income of $90.1m, a 44.3% increase over adjusted net income of US$62.5m. Operating income for 3Q11 came in at US$102.2m, a 38.2% increase over operating income of US$73.9m in 3Q10. Operating margin for the period came …

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ILFC secures sale-leaseback deal with American Airlines

Aircraft & Engines, Top Stories / Leave a Comment

International Lease Finance Corporation has completed an agreement with American Airlines to purchase and leaseback 15 Boeing 737-800 Next Generation aircraft. The agreement covers certain aircraft that American had previously ordered and that have been delivered or are scheduled for delivery during 2012.

AeroCentury reports third quarter 2011 results

Airlines & Routes / Leave a Comment

For the third quarter ended September 30, 2011, AeroCentury reported total revenues of $6.2m compared with total revenues of $6.90m for the same period a year ago. For the nine months ended September 30, 2011, the Company reported total revenues of $17.9m compared with revenues of $24.8m for the same period a year ago. The …

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Skyworld Aviation places ERJ 145 with Aerodynamics

Aircraft & Engines, Top Stories / Leave a Comment

Skyworld Aviation announced that Aerodynamics (ADI) of Michigan has taken delivery of an Embraer ERJ 145 aircraft which has been placed on lease. The aircraft recently completed a long term lease with Republic Airways Holdings of the U.S., and was delivered directly to ADI on behalf of Cymus Holdings of Sweden. Serial number 145169 was …

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HAECO signs ITM service contract with Cathay Pacific for Boeing 747-8 Freighters

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Hong Kong Aircraft Engineering Company (“HAECO”) has entered into an ITM contract with Cathay Pacific Airways to provide Inventory Technical Management (ITM) services for the airline’s fleet of 10 new Boeing 747-8 freighters, to be delivered between 2011 and 2012. The ITM service includes inventory management, reliability management, supply chain management, technical services, and comprehensive …

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Boeing receives $1.7bn for 7 more US Navy P-8A Poseidon aircraft

SDV selected for Airbus’ worldwide spares warehouse management

TIMCO formally opens new interiors manufacturing facility in North Carolina

ST Aerospace receives CAAS and EASA Part 147 Maintenance Training Organisation approvals

Willis Lease Finance reports nine month net income up 50%

Copa Holdings reports net income of US$70.3m

ILFC secures sale-leaseback deal with American Airlines

AeroCentury reports third quarter 2011 results

Skyworld Aviation places ERJ 145 with Aerodynamics

HAECO signs ITM service contract with Cathay Pacific for Boeing 747-8 Freighters

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9 November 2011

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