Lufthansa has completed the sale of British Midland (bmi) to International Airlines Group (IAG). The completion of the sale took place after close of business on 19th April 2012. The gross purchase price amounts to GBP 172.5m (approx. €207m). Because price adjustments were agreed as part of the transaction structure, the net purchase price will […]
Lufthansa completes sale of British Midland to IAG Read More »
Iberia has started operations with the Airbus Managed Inventory (AMI) service, an automated system which ensures the continuous automatic replenishment of high-usage and non-repairable Airbus parts at Iberia’s facility. The AMI service, which underlines Airbus’ innovative strategy in offering customised services based on latest industry standards, captures material consumption information in real-time and automatically triggers
Airbus Managed Inventory service operational at Iberia Maintenance Read More »
International Lease Finance Corporation (ILFC) has closed a $203 million bank loan arranged and underwritten by DVB Bank. ILFC will use the financing for the acquisition of seven new aircraft delivering in 2012. The financing is for six years and is at an average rate of approximately 4.7%.
ILFC secures $203m bank loan from DVB Read More »
Avolon, the international aircraft leasing group, issues its 2012 first quarter update announcing that its fleet now exceeds 100 aircraft and that total capital raised has reached $4.6bn. Avolon’s fleet reached 103 aircraft during the first quarter comprising 99 owned and 4 managed aircraft. Avolon delivered 9 aircraft during the quarter (7 single-aisle and 2
Avolon fleet exceeds 100 aircraft in the first quarter of 2012 Read More »
B/E Aerospace reported first quarter 2012 revenues of $747.3m, an increase of $147.1m as compared with the same period of the prior year. Pro forma revenue growth, giving effect to all 2011 and 2012 acquisitions as if they had occurred on January 1, 2011, was 16.9%. First quarter 2012 operating earnings increased 29.7% on the
B/E Aerospace reports record first quarter 2012 results Read More »
Ultra Electronics, Controls, based in Greenford, UK, joined Boeing at London’s Heathrow Airport on April 23rd, for the latest stop of the 787 Dreamliner aircraft’s worldwide ‘Dream Tour.’ The 787 is currently travelling the globe to allow Boeing’s partners and customers to experience the revolutionary technology and passenger innovation on board the aircraft. Controls is
Controls joins Boeing’s ‘Dream Tour’ at London Heathrow Read More »
Lease Corporation International (LCI) has strengthened its senior management team with the appointment of Esteban Tripodi as Executive Vice President, Americas. Mr Tripodi will be based in the company’s New York office. Working across the marketing and capital markets divisions for both helicopters and fixed wing aircraft, his primary focus will be on the Americas
Lease Corporation International strengthens team with appointment of Esteban Tripodi Read More »
GE Capital Aviation Services (GECAS announced the delivery of three owned Embraer 170s to Régional Compagnie Aérienne Européenne, the wholly owned regional airline subsidiary of Air France. By the end of June, GECAS will redeliver six Embraer 170s to the airline, which is building an all-jet fleet. Three of these six aircraft are serviced by
GECAS delivers three Embraer 170s to Régional Compagnie Aérienne Européenne Read More »
Africa Charter Airline and its sister AMO organisation Jet Centre, have selected Alkym Management and Control System for Aircraft Maintenance as its preferred software system. This brings the Volartec customer list in Africa to five. ACA and Jet Centre will utilise 14 of the 15 modules/tools that Alkym has to offer and begin with a
Africa Charter Airline selects Alkym as preferred software system Read More »
