4 April 2012

San Miguel acquires minority stake in Philippines Airlines and Air Phil

San Miguel Corp. said Wednesday it has signed a deal with billionaire businessman Lucio Tan, that will give the diversifying conglomerate substantial but minority stakes in two Philippine airlines owned by Mr. Tan. San Miguel will invest $500m in exchange for as much as 49% each in Philippine Airlines (PAL) and its low-cost partner Air …

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GE signs 10-Year OnPoint solution agreements with Delta Air Lines

GE has signed two 10-year OnPoint solution services agreements with Delta Air Lines for its CF6-80C2 engines. The agreements cover material support for CF6-80C2 engines that Delta owns as well as CF6-80C2 engines for third party airlines. The airline has also signed CF6-80C2 component repair license and engine overhaul support agreements with GE. These agreements …

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Chilean Air Force signs MOU for F110 service agreement

The Fuerza Aerea de Chile (FACH) has signed a memorandum of understanding (MOU) for a Supply Based Logistics contract to support F110-GE-129 engines for its GE-powered Lockheed Martin F-16 fleet. Under terms of the agreement, GE will provide spare parts, line and shop replaceable units through 2016. “This MOU underscores the longstanding relationship we have …

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DVB welcomes new shareholding partners in TES Holdings

DVB Bank SE (“DVB”) has signed an agreement with the Mitsubishi Corporation, Tokyo, Japan (“MC”) and the Development Bank of Japan, Tokyo, Japan (“DBJ”), pursuant to which MC and DBJ will acquire a 35.0% share and a 25.0% share respectively in TES Holdings Ltd., Bridgend, United Kingdom, from DVB. The agreement is subject to required …

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A J Walter Aviation signs three year consignment agreement with StandardAero

A J Walter Aviation has signed a three year consignment agreement with Arizona based StandardAero, marking the start of a long-standing relationship between the two companies. The agreement means StandardAero will benefit from AJW’s extensive and growing inventory of engine material, some of which will be held at the StandardAero Cincinnati facility for future utilisation …

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VAS Aero Services and Embraer expand supply chain partnership

VAS Aero Services, a global leader in aviation logistics and aftermarket services, announced the expansion of its distributor relationship with Embraer. The agreement broadens VAS Aero Services’ role as Embraer Original Equipment Manufacturer (OEM) aftermarket provider to include surplus and pre-owned material for the E-Jets.  The additional 3,000 part numbers bring VAS’s Embraer parts inventory …

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Air France takes delivery of 60th 777 passenger jetliner

Air France took delivery of the 60th Boeing 777 passenger jetliner. The airplane, a 777-300ER model, landed in Paris on April 4th. Air France, a member of Sky Team, will operate this 777-300ER between Paris and the French Overseas Departments in the Indian Ocean and the Caribbean regions, including Fort de France, Pointe a Pitre …

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