February 23, 2012

AWAS agrees to acquire portfolio of twelve aircraft from GECAS

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Dublin based global aircraft lessor, AWAS, has agreed to acquire a portfolio of twelve aircraft from GE Capital Aviation Services Limited (GECAS). All twelve modern, passenger aircraft are already on-lease to successful airlines, with six of the airlines joining AWAS as new customers. Bank debt for the acquisition is provided through a $317m limited recourse […]

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airberlin appoints new Regional Manager Czech Republic, Hungary and Slovakia

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With immediate effect Christoph Horak will be in charge of sales for the airberlin group in the Czech Republic, Hungary and Slovakia as Regional Manager for the region. Horak has over 18 years of professional experience in sales, having previously worked for EVA AIR Vienna, Swissair/Sabena and NIKI, where he was already responsible for the

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Safran delivers solid operational performance in full-year 2011

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For full-year 2011, Safran’s revenue was €11,736m, compared to €10,760m in the same period a year ago, a 9.1% year-on-year increase (6.3% organic growth). New order intake during 2011 improved by 60% to €21bn, providing some evidence of robust and resilient demand. The backlog grew to €43bn, containing recent CFM56 and LEAP firm orders. For

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Lockheed Martin expands facility for F-35 component manufacturing in Pinellas Park, Fla.

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Lockheed Martin’s operation in Pinellas Park officially opened a new 57,000 ft² manufacturing facility, to produce aircraft canopy components for the F-35 Lighting II fighter.The new facility is an annex to Lockheed Martin’s existing 197,000 ft² building that has been producing structural components for more than 10 different types of aircraft since 1997. The operation

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FLY Leasing acquires two B737-700s

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FLY Leasing, a global lessor of modern commercial jet aircraft, has acquired two Boeing 737-700 aircraft on lease to Brazilian low-cost carrier GOL Airlines. FLY now has a fleet of 111 commercial aircraft on lease to 54 airlines in 29 countries.

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HRD Aero Systems expands with Component Control Software

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Component Control released that HRD Aero Systems, an independently-owned safety equipment repair station, has expanded its Quantum Control MRO and Logistics software footprint to increase operational efficiencies, as the company grows to support and link together globally dispersed inventory and repair partnerships in the United States, Asia and Europe. HRD Aero Systems offers end-to-end safety

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Reuben Brothers acquire the London Heliport

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Reuben Brothers announced the acquisition of the London Heliport in Battersea, from Andrew Davis. The acquisition, made by Reuben Brothers investment vehicle Aldersgate Investments Limited, extends the group’s existing aviation interests, including the ownership of London Oxford Airport which was acquired in 2007. The London Heliport, located on the River Thames and with easy access

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Eurocopter signs letter of intent with R&R Aviation for two EC130 B4

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An agreement was signed with R&R Aviation on the last day of the Singapore Airshow for two brand new Eurocopter EC130 B4, marking Eurocopter’s breakthrough into the Bangladeshi market with its first new civil helicopter sale. This achievement capped Eurocopter’s successful outing at the Airshow this year, where it also inked deals for four new

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ADSOFTWARE adds 9 new customers in 2011 for AIRPACK maintenance management system

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ADSOFTWARE is carrying on its success story and recorded nine new customers and excellent financial results for 2011. The software developer and publisher employs his proven implementation methodology to provide more and more customers worldwide with a full scope of functionality through AIRPACK latest 2011 version. In 2011, the company signed with the two national

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MTU Aero Engines achieves forecast for 2011

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MTU Aero Engines fully achieved its forecast for the financial year 2011, as the company announced during the presentation of its provisional financial statements at the annual results press conference on Thursday, February 23, 2012. Revenues were at the upper end of the expected bandwidth of + 7 to 8%, increasing by 8% to reach

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