22 April 2013

First of two AW101 VVIP helicopters delivered to Turkmenistan

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AgustaWestland reported the delivery of the first AW101 VVIP helicopter to Turkmenistan Airlines. The contract for two AW101 VVIP helicopters was signed at the 2010 Farnborough International Air Show. Assembly of the aircraft took place at AgustaWestland’s Yeovil facility in South West England. AgustaWestland has also provided pilot and maintainer training and an initial spares […]

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IAG and British Airways select the A350

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After a thorough selection process, International Airline Group (IAG), and British Airways have signed a Memorandum of Understanding (MoU) to buy 18 Airbus A350-1000 aircraft plus 18 options, as part of the airline’s on-going long-haul aircraft fleet renewal and modernisation strategy. IAG, owner of both British Airways and Iberia, has also secured commercial terms and

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Tail section for Qatar Airways’ first A380 rolls out of paint shop

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The vertical tail section for the first A380 for Qatar Airways has been painted with the airline’s trademark oryx logo at Airbus facilities in Hamburg. The painting was completed earlier this week and the assembly of the airline’s first A380 is set to begin this month, for delivery in early 2014. The distinctive Qatar Airways

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ILFC’s first quarter marks 60 completed lease transactions

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International Lease Finance Corporation (ILFC), reported it has completed a total of 60 lease transactions during the first quarter of 2013. These transactions include extensions, new leases of used aircraft as well as placements of new aircraft from ILFC’s portfolio, which supports a global network of approximately 200 airlines in more than 80 countries. ILFC

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TransDigm Group and Aerosonic Corporation announce acquisition agreement

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TransDigm Group and Aerosonic announced a definitive merger agreement, providing for Aerosonic to become an indirect wholly-owned subsidiary of TransDigm. TransDigm and Aerosonic both design, manufacture and supply highly engineered aircraft components. Under the terms of the agreement, TransDigm will offer to acquire all of the outstanding shares of Aerosonic for $7.75 per share in

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B/E Aerospace posts first quarter 2013 results

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B/E Aerospace announced first quarter 2013 financial results. First quarter 2013 revenues of $842.2m increased $94.9m, or 12.7%, as compared with the prior year period. First quarter 2013 operating earnings were $153.6m, an increase of 18.3%, and operating margin of 18.2% increased 80 basis points as compared to the prior year period. The growth in

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ALAFCO and Garuda Indonesia sign agreements for financing of 2 B777-300ER aircraft

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ALAFCO Aviation Lease and Finance Company and PT Garuda Indonesia jointly held a formal signing ceremony in Jakarta to commemorate the financing of 2 Boeing 777-300ER aircraft. Under the transaction, ALAFCO will be financing 2 Boeing 777-300ER aircraft for Garuda Indonesia through a sale and lease back scheme. The aircraft will be delivered from Boeing

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Boeing to begin modifying 787s as FAA approves battery improvements

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On April 19th, the U.S. Federal Aviation Administration (FAA) approved the battery system improvements for the 787 Dreamliner, clearing the way for Boeing and its customers to install the approved modifications and consequently lead to a return to service and resumption of new production deliveries.

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