Willis Lease Finance Corporation reported that 2011 net income grew 20% to $14.5m and net income available to common shareholders increased 28% to $11.4m up from $8.9m a year ago.Willis Lease earned $3.6m in the fourth quarter ended December 31, 2011, compared to $4.0m in the fourth quarter a year ago. After payment of preferred […]
Willis Lease Finance reports 2011 net income up 20% Read More »
Air Lease Corporation reported rental revenues of $113.6m for the fourth quarter of 2011, which included overhaul revenue of $3.4m. The Company reported $36.7m in rental revenue for the fourth quarter of 2010, which included overhaul revenue of $1.8m. The increase in rental revenue was attributable to the acquisition and lease of additional aircraft. For
Air Lease Corporation posts full year 2011 net income of $53.2m Read More »
Cessna’s new Citation M2, announced less than six months ago, made its first prototype flight on March 9th. The flight lasted a little more than an hour and a half and included tests of the avionics system, autopilot, engine system, aircraft systems and instrument approaches. The prototype took off and landed at Wichita, Kan., Mid-Continent
Cessna's Citation M2 makes first flight Read More »
CTS Engines, a leading independent engine MRO, has signed a purchase and license agreement with the General Electric Company for maintenance support on the CF34-8E and CF34-10E engine models. The move is consistent with the company’s intention to expand into a second engine type for MRO services. “With its platform architecture similar to that of
CTS Engines signs license agreement for CF34 maintenance Read More »
Yemenia Airways has extended the component support contract it signed with AFI KLM E&M in 2005 for the coming years. The terms of the extended contract are the same as those of the original one, covering component support with pool access and repairs for two Airbus 330s.
Yemenia Airways extends Airbus A330 component contract with AFI KLM E&M Read More »
AerData, the provider of software and services for the aviation industry announced the launch of a new fleet and valuation database, AtlasData, at the forthcoming ISTAT Americas conference. The database will incorporate BlueBook values from AVITAS, a leading aircraft valuation and consultancy firm. Commenting on the announcement, Paul van Tol, Managing Director of AerData said:
AerData B.V. launches AtlasData – new fleet and valuation database Read More »
Canadian North is the second airline in the Americas region to join the AMOS community, since the recent setting up of a US office through a partnership deal with Swiss-AS and Lufthansa Systems. After the expected 10 months implementation, the Canadian airline will be in the position to monitor all aspects of its MRO business
Canadian North to become new AMOS customer Read More »
GE Capital Aviation Services (GECAS) delivered a new Boeing 737-800 aircraft to Japanese low-cost airline Solaseed Air to help them with their fleet upgrade. The aircraft comes from GECAS’ existing order book with Boeing. Solaseed Air, the new brand name of Skynet Asia, is transitioning out of its Boeing 737-400 fleet to an all-new Boeing
GECAS delivers new Boeing 737-800 to Japan’s Solaseed Air Read More »
Following on from the recent successful supplier approval audit from Boeing at Monarch Aircraft Engineering Limited’s (MAEL) facility at London Luton Airport, the independent aircraft maintenance provider confirmed that it has achieved exceptional audit results from Boeing GoldCare at its engineering facilities at Manchester International Airport. MAEL who are in partnership with Boeing, will provide
AWAS has signed a formal agreement with aircraft manufacturer Airbus, to become one of the first lessors to be able to offer its customer airlines the significant fuel savings of aircraft fitted with factory-build Sharklets. The advanced end-of-wing Sharklet system has been developed by Airbus to save airlines up to $270k on fuel per aircraft
AWAS to become one of first lessors to offer Sharklets on new build A320 aircraft Read More »
