31 October 2012

Mitsui & Co. and GE Aviation form strategic partnership

Mitsui & Co. and GE Aviation announced a strategic partnership to support the development of key advanced technologies for GE’s next-generation of large commercial engines, including the engine study called the GE9X. Terms of the agreement are not being disclosed. Last year, Mitsui and GE Capital announced a strategic relationship through which Mitsui established an

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Spirit Airlines reports third quarter adjusted net income of $25.2m

Spirit Airlines reported third quarter 2012 financial results. Net income, excluding special items, for the third quarter 2012 was $25.2m, GAAP net income for the third quarter 2012 was $30.9m. Operating margin, excluding special items, for the third quarter of 2012 was 11.8%. Operating margin on a GAAP basis was 14.5% for the third quarter

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Air China and GA Telesis agree to start joint venture

Air China and GA Telesis have concluded their agreement to form the world’s largest China-based integrated commercial aerospace services provider. During a ceremony in Beijing, the companies signed all documents including their partnership agreement, to form GA Innovation China or Beijing Ji-An (“Beijing Ji-An, GAIC or the Company”) a 50/50 joint venture based in Beijing.

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P&WC signs multiple new contracts

Pratt & Whitney Canada (P&WC) has signed a four-year Engine Service Agreement with Bombardier Aerospace to provide the highest level of OEM support to Learjet(i)60(i) business jet operators. The announcement was made during the National Business Aviation Association’s 65th annual meeting and convention in Orlando, Florida. Pratt & Whitney Canada (P&WC) and Viking Air have

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EAN, Nigeria's first FBO, to partner with Banyan Air Service in Florida

Evergreen Apple Nigeria (EAN) which opened the first fully fledged FBO and MRO for business jets in Nigeria in July 2011, announced to work closely with Banyan Air Service, a Florida-based FBO operator. The new partnership will see Banyan transferring its extensive experience and skills to EAN by sharing knowledge, resources and contacts with the

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