Avcorp Industries reported its financial results for the year ended December 31, 2012 . During the year the Company recorded income from operations of $24,002,000 on $89,337,000 revenue, as compared to a $362,000 operating loss on $86,018,000 revenue for the preceding year; and net income for the current year of $20,641,000 as compared to a […]
Avcorp announces 2012 annual financial results Read More »
AerCap Holdings N.V. released that Cerberus Capital Management through its affiliate, Fern S.a.r.l., sold approximately 8.2 million ordinary shares in the Company. This sale has reduced Cerberus’ stake in AerCap to less than 0.1%. The sale was made under a registration statement that became effective with the U.S. Securities and Exchange Commission on March 14,
Cerberus completes exit from AerCap Read More »
Eclipse Aerospace received from the Federal Aviation Administration (FAA) an amended Production Certificate authorizing the final assembly, test, and certification of the new production Eclipse 550 Twin-Engine Jet. In order to earn this amended Production Certificate, EAI demonstrated all assembly, quality, inspection, and flight verification processes required by the FAA. The original Production Certificate (PC)
Eclipse receives production certificate for EA550 final assembly Read More »
AAR, a global leader in the supply and repair of component parts for the aviation industry, is expanding its parts inventory for the European market, reducing lead times and shipping costs for its customers. The company’s main distribution center in Amsterdam will carry an increased stock of high-demand airframe and engine-related components, along with bulky,
AAR ramps up parts availability in Europe Read More »
The capabilities of Japan’s Fire and Disaster Management Agency (FDMA) in crisis response and coordination will be significantly improved following its introduction of a Eurocopter AS365 N3 helicopter equipped with a high-speed, real-time transmission system using Earth-orbiting relay satellites. This installation – called the Helicopter Satellite Communication System (HSA) – enables direct transmission to satellites
Nordic Aviation Capital A/S (NAC) of Billund, Denmark has signed a firm purchase agreement to acquire four Q400 NextGen airliners. Based on the list price of the Q400 NextGen airliner, the contract is valued at approximately US$134.77m. The four aircraft will be operated by airBaltic of Riga, Latvia and will join eight Q400 NextGen airliners
Nordic Aviation Capital orders four Bombardier Q400 NextGen airliners Read More »
AgustaWestland, a Finmeccanica company, and Weststar Aviation Services announced that a contract for the supply of six AW139 and two AW189 helicopters, plus options, was signed at the Langkawi International Maaritime and Aerospace (LIMA) exhibition. The contract was signed by Tan Sri Syed Azman Syed Ibrahim, Group Managing Director of Weststar and Geoff Hoon, Managing
