8 April 2013

Titan Airways selects ASL for Boeing 757 all business class interior refurbishment

Titan Airways, the London Stansted-based, specialist charter airline is close to completing a major refurbishment of its Boeing 757 all business class interior. It has enlisted the help of Manchester, UK based aircraft interior specialists, Airline Services Ltd for the work, in a contract worth over £400,000. ASL, a leading supplier of aircraft interior and …

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VAS Aero Services opens state-of-the-art distribution and logistics center in Seattle

As part of its commitment to global expansion, VAS Aero Services has recently increased the capacity and capabilities of its Seattle distribution facility. This 300,000-ft² distribution and logistics center, a key component in the company’s partnership with The Boeing Company, supports VAS’s surging growth and strategic position in the Pacific Rim region. Now fully operational, …

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Boeing completes certification testing for new 787 battery system

On April 5th, Boeing completed a 787 certification demonstration flight on line number 86, a Boeing-owned production airplane built for LOT Polish Airlines. The flight marks the final certification test for the new battery system, completing the testing required by the U.S. Federal Aviation Administration (FAA). The flight departed from Paine Field in Everett, Wash. …

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GOL enters into investment agreement with General Atlantic

GOL Linhas Aereas Inteligentes S.A. announced that, on April 5th, 2013, it entered into an investment agreement with the private equity firm General Atlantic, which establishes that General Atlantic, subject to certain conditions, will make a direct or indirect investment in GOL’s subsidiary SMILES S.A., through a private equity fund constituted in accordance with CVM …

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CTS Engines announces management change

CTS Engines, a leading independent engine MRO, announced the promotion of Vesa Paukkeri to President and Chief Operating Officer, effective immediately. Mr. Paukkeri, previously the company’s Executive Vice President, has been instrumental in professionalizing CTS’s workflow procedures and reducing customer turn-around times. Prior to joining CTS in August 2012, Mr. Paukkeri worked in various management …

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New carbon fabric can save airlines millions in fuel cost

A unique carbon fabric from Sweden, TeXtreme, could substantially reduce weight of existing aircraft and thereby enable significant savings in fuel costs for the airlines while contributing to a greener world. A conservative replacement of current traditional materials with TeXtreme carbon fiber fabrics, for example-in composite panels in aircraft, could lower the weight of aircraft …

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ILFC announces partial prepayment and amendment of secured term loan

International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, (AIG), announced the partial prepayment and amendment of its secured term loan entered into on February 23, 2012. This prepayment reduces the outstanding principal amount to $750m, from the original loan amount of $900m. The amendment reduces the interest rate to LIBOR …

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