International Lease Finance Corporation (ILFC), released that it had entered into a leasing agreement with China Airlines for three new Boeing 737-800s. These aircraft are scheduled for delivery to China Airlines in the second quarter of 2013. ILFC has recently opened up new offices in Singapore and Beijing in order to support the Asia-Pacific region […]
ILFC to lease China Airlines three new Boeing 737-800 aircraft Read More »
Effective immediately, Lufthansa Technik AG can offer customers from the United Arab Emirates (UAE) airworthiness services for the Boeing 747-400 and 747-8 aircraft types as a CAMO (Continuing Airworthiness Management Organisation). Lufthansa Technik received the relevant approval from UAE’s General Civil Aviation Authority (GCAA) for its Hamburg location on July 1, 2012. The background to
Lufthansa Technik receives CAMO approval from United Arab Emirates Read More »
Bankers Capital Transportation Leasing Group plans to purchase dozens of Narrow Body and Wide Body TaxiBot Aircraft Towing systems from Israel Aerospace Industries (IAI), to be operated in North America. A letter of intent regarding the $97m deal was signed at the Farnborough International Airshow. Bankers Capital is the launch customer for providing the TaxiBot
Honeywell released that Aerospace sales were up 8% compared with the second quarter of 2011. Organic growth was 7%, or 4% organic excluding the absence of prior year payments to Business and General Aviation customers to offset preproduction costs (OE payments). Aerospace growth was driven by an 18% increase in Commercial end markets, partially offset
Honeywell second quarter 2012 sales up 4% to $9.4bn Read More »
AMR Corporation, the parent company of American Airlines, reported second quarter revenue of $6.5bn, an increase of 5.5% year-over-year and the highest quarterly revenue in company history. In the second quarter of 2012, the company reported a net profit of $95m, excluding reorganization and special items – a $381 million improvement over the second quarter
AMR Corporation reports improved second quarter 2012 results Read More »
AAR (AIR) reported fourth quarter fiscal 2012 results that were in line with the preliminary results released on June 14, 2012. Fourth quarter sales were $563.3m compared to sales of $487.8m in the fourth quarter of last year. For the Company’s fiscal year 2012, sales were a record $2.1bn, a 14.4% increase versus the prior
AAR reports fourth quarter and fiscal year 2012 results Read More »
Hawker Beechcraft (Hawker Beechcraft) reported that the U.S. Bankruptcy Court for the Southern District of New York has approved the company’s motion to enter into exclusive negotiations with Superior Aviation Beijing Co., (Superior). Approval of this motion allows Hawker Beechcraft to spend up to 45 days exclusively negotiating with Superior regarding a strategic combination that
GE Aviation has upgraded repair warranties for CF6-80C, CF6-80E and CFM International CFM56 engine parts. Warranty hours for GE repaired CF6-80C/80E engine parts have tripled to 6,000 hours and CFM56 warranties have doubled to 4,000 hours. “The enhanced warranty program demonstrates GE’s commitment to lead the engine services market in meeting the cost and technology
Air Iceland recently completed a historic 2,345 nautical mile trip from Toronto’s Pearson Airport, Canada, after the completion of a modification program by Universal Avionics’ Authorized Dealer, Field Aviation. The Toronto to Reykjavik redelivery flight of Air Iceland’s first Universal Avionics-equipped Bombardier Q200 (Dash 8) is believed to have been the longest non-stop flight in
The last of four aircraft was delivered to new Hong-Kong based lessor China World Aviation Leasing (CWAL) in the second week of July 2012. Avinco negotiated and arranged the purchase from GECAS of the four Airbus narrowbodies on behalf of CWAL. The aircraft are on long term leases to Air China (2xA320’s MSNs 3215 and
Avinco arranges portfolio acquisition for new lessor CWAL Read More »
