GA Telesis has closed on a new syndicated $100m credit facility. Led by PNC Bank, N.A., the facility has a three year term and has participation from a total of six global and regional banks. It provides the company with additional financial resources at cost efficient and flexible terms to support the company’s growth. The […]
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Southwest Airlines reported that third quarter 2012 net income was $16m, which included $81m (net) of unfavorable special items. This compared to a net loss of $140m in third quarter 2011, which included unfavorable special items totaling $262m (net). Excluding special items, third quarter 2012 net income was $97m, compared to $122m in third quarter
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The Malaysian Industry-Government Group for High Technology (MIGHT), an agency under the Prime Minister’s Department, signed a Memorandum of Understanding on 5th October 2012 with the Performance Review Institute (PRI), which administers the Nadcap program on behalf of the aerospace industry, marking another milestone in efforts to advance the competencies and competitiveness of the Malaysian
MIGHT signs MoU with PRI Read More »
Two global leaders in the aviation industry, AERGO Capital and PEMCO World Air Services, have joined forces on a major program to provide fully converted cargo aircraft for markets around the world utilizing PEMCO’s market leading, Boeing-data based B737 products. AERGO’s capital structure, ability to source and finance aircraft, and asset management expertise coupled with
AERGO Capital and PEMCO World Air Services join forces on major program Read More »
TAME, Ecuador’s flag carrier, has extended its contract with Barfield, a Sabena technics company, for the support of two additional Airbus A319. This new agreement is an extension of the 6-year contract between TAME and Barfield for the full support of its six A320 family aircraft. Within the scope of this contract, Barfield will increase
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MEGA Maldives Airlines, the international airline of the Republic of Maldives, has chosen Commsoft’s Open Aviation Strategic Engineering System (OASES) for its ongoing MRO operations. The airline is keen to commence using OASES as soon as possible for its inventory activities for its fleet of Boeing 757s and 767s and will progressively ‘go live’ with
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Macquarie AirFinance, a global aircraft leasing company based in Dublin, Ireland, has finalised contracts with Tyrolean Airways for the lease of five A320-200s and for the acquisition of three of Tyrolean’s 737-800s. Macquarie AirFinance is well advanced in the process of placing the 737-800s with new customers for delivery in spring 2013.
Macquarie AirFinance closes lease & purchase deal with Tyrolean Airways Read More »
AAR has signed a Letter of Intent (LOI) with Air Canada to provide airframe maintenance services for the airline’s Airbus A320 series aircraft. The LOI calls for AAR to perform regularly scheduled airframe maintenance and modifications that will enable Air Canada to efficiently maintain its approximately 89 Airbus narrow-body aircraft. AAR and Air Canada are
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Flight Director Inc. (FDI), a global aviation supply chain company, has chosen Quantum Control to manage supply chain parts and service needs for its military, commercial and engine divisions. FDI maintains an extensive $30m+ inventory in its Austin, Texas facility and annually delivers more than $45m of new and recertified aircraft equipment to flight operators,
BOC Aviation has signed agreements for the lease of three new A320-200 aircraft to China Southern Airlines. All three aircraft, to be equipped with IAE V2527-A5 SelectOne engines, are scheduled to be delivered in the first half of 2014.
BOC Aviation to lease three new A320-200 aircraft to China Southern Airlines Read More »
