4 July 2012

AerCap and AerDragon to purchase five new A330-300s for lease to Singapore Airlines

AerCap and AerDragon, its Chinese joint venture, have signed purchase agreements for the acquisition of five new Airbus A330-300s which will be leased to Singapore Airlines. AerCap will lease four of the aircraft and AerDragon will lease one of the aircraft to Singapore Airlines. Aengus Kelly, CEO of AerCap, said:”This transaction with Singapore Airlines and […]

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Finnair and SR Technics sign 10-year contract on engine and component services

SR Technics and Finnair have signed an agreement for engine and component services. The deal follows a Memorandum of Understanding signed by the two companies on April 11, 2012. Finnair will source all Engine Services for its A320 and A340 aircraft and Component Services for its Airbus and Embraer fleet from SR Technics. The work

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Volvo Aero passes important milestone with delivery for new engine type

Volvo Aero has delivered its first components for the new PurePower PW1100G-JM engine for the Airbus A320neo family of aircraft, scheduled to enter service in 2015. The components have been sent to Pratt & Whitney in the USA where they will be installed in the first engine to be tested this autumn. This is a

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Virgin America reports first quarter 2012 operating loss of $49m

Virgin America reported its financial results for the first quarter of 2012. With overall fuel costs higher by 47% year-over-year, the financial pressure of the airline’s industry-leading capacity growth and a revenue shortfall associated with the carrier’s transition to a new reservations system, Virgin America reported a first quarter operating loss of $49 million on

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Direct Maintenance receives EASA Part 145 approval for A380

Direct Maintenance received EASA Part-145 approval to perform A380 line maintenance, issued by the Civil Aviation Authority of The Netherlands (ILT). The extension of the Direct Maintenance EASA Part-145 scope of work with the A380, brings the total number of aircraft-engine combinations the company is approved on to 40. Launch customer for Direct Maintenance in

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