The Monarch Group, a UK leading independent travel group, announced an update on its financial and operating performance for the financial year ending 31 October 2012. The Monarch Group, which comprises Monarch Airlines, the tour operating and holidays companies Cosmos Holidays, Avro and somewhere2stay, and Monarch Aircraft Engineering, increased its turnover net of intra-Group sales […]
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Israel Aerospace Industries (IAI) reported sales for Q3 2012 of $751m compared to $817m in Q3 2011. Export sales represent 76% of total sales and reached $568m. Sales to the military sector represent 72% of total sales and reached $540m. The decrease in sales is attributed to a reduction in the scope of activity mainly
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US Airways reported that it priced an offering of two classes of enhanced equipment trust certificates in the aggregate face amount of approximately $546m. The Company intends to use the proceeds from the offering to finance its purchase of eleven Airbus aircraft scheduled to be delivered from May 2013 to October 2013 and to use
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Shenzhen Airlines became the latest carrier to join the Star Alliance network on November 29th. At a ceremony held at Shenzhen Bao’an International Airport, Mark Schwab, CEO Star Alliance, welcomed the airline into the family on behalf on the Alliance’s Chief Executive Board (CEB). “Shenzhen Airlines is China’s fifth largest carrier and strengthens the Star
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SimHelp started collaboration with Ostrich Software Ltd. Two companies sealed their partnership with two contracts, according to which SimHelp clients’ host computer system support and renewal services will be provided by Ostrich Software Ltd. Ostrich Software Ltd. will provide SimHelp clients with host computer system technical support services for such models of host computers: all
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Aventure Aviation signed an agreement with ExpressJet to sell the growing airlines’ excess parts inventory for Bombardier CRJ 200 and ATR-42 aircraft. The inventory consists of over 5,000 parts, mainly comprising of rotables, expendables, major and minor assemblies, cabin interior fittings and components, galley and lavatory related items. “In addition to our existing extensive Bombardier
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Gulfstream Aerospace Corp released that its aircraft service center in Beijing – Gulfstream Beijing – is officially open for business after recently being approved as a Part 145 maintenance facility by the Civil Aviation Administration of China (CAAC). The certification gives facility technicians the authorization to work on aircraft registered in China. Gulfstream Beijing is
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