17 June 2013

Nordic Aviation Capital A/S takes $230m 5 year loan

Nordic Aviation Capital is pleased to confirm that it has successfully closed a $230m loan with institutional investment funds managed by three US investors: Highbridge Principal Strategies, Athene Asset Management and Oak Hill Advisors (Europe). The investor group was led by Highbridge Principal Strategies. Nordic Aviation Capital was advised by Clifford Chance. Knight Capital acted […]

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GE Aviation pursuing advanced manufacturing in North Carolina

GE Aviation has plans to break ground this year on an advanced composite component factory near Asheville in Western North Carolina. The new 125,000-ft² facility (next to an existing GE Aviation machining plant) would produce engine components made of advanced ceramic matrix composite (CMC) materials. GE could begin hiring at the new CMC components plant

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Etihad Airways and government of Serbia sign initial MOU to explore equity investment opportunity

Etihad Airways, the national airline of the United Arab Emirates, will advance discussions with JatAirways about an equity investment in the Serbian national carrier. An Initial Memorandum of Understanding (IMU) between Etihad Airways and the Government of Serbia was signed in Belgrade on Monday, June 17th. An investment decision would depend on the successful completion

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Rolls-Royce reaches key liftsystem delivery milestones for F-35B

Rolls-Royce has completed two key milestone deliveries for the F-35 Lightning II program, as production matures for the LiftSystem, the only technology in the world capable of providing vertical-lift for 5th-generation fighter aircraft. Rolls-Royce recently delivered the 50th 3-Bearing Swivel Module (3BSM) and 40th LiftFan for F-35B aircraft manufactured by Lockheed Martin, and is on

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GECAS announces commitment for 10 787-10X Dreamliners

Capital Aviation Services (GECAS) and Boeing announced at the Paris Air Show a commitment to order 10 787-10X Dreamliners, powered with GEnx-1B engines. “We have studied the capabilities Boeing is developing for the 787-10X and anticipate strong demand from our airline customers for this airplane,” said GECAS President and CEO Norman C.T. Liu. “The 787-10X

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GE signs OnPoint Solution agreements with Azul and Air Canada

Azul added 43 CF34-10E engines to its existing 15-year OnPointSM solution services agreement with GE Aviation covering the maintenance, repair and overhaul of 190 CF34 engines powering its EMBRAER E190 aircraft. Air Canada has committed to a 5-year OnPoint solution agreement for a firm fixed price on time and material to repair and overhaul its

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CFM completes eCore Demonstrator program in build-up to first full LEAP engine test

CFM International has successfully completed testing of the third build of the advanced eCore Demonstrator program, achieving better than expected results, validating the company’s commitment to provide 15% better fuel efficiency compared to today’s best CFM56 engines. The first full LEAP-1A engine is currently in assembly and is on track to begin ground testing this

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SaxonAir invests in AeroTrac software as infrastructure to future growth

Private air charter operator, SaxonAir Charter has chosen AeroTrac Aviation MRO Process Control software from TracWare, to complement their continuing airworthiness management functions and future Part-145 maintenance activities. Saxon Air’s primary criteria for choosing AeroTrac was the savings to be made in both cost and time by streamlining the technical, logistical, commercial and financial business

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Apollo Aviation Group contracts for $220m in acquisitions in 2013

Apollo Aviation Group, an international full service aviation asset manager, has contracted to acquire flight equipment valued at more than $220m in the first five months of 2013, including two A320 CEO family aircraft, one A330-200, one A330-300, seven B737NGs, and seven engines. Ten of these aircraft are on lease to airlines in Asia, Europe

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Xiamen Airlines selects GEnx engines for Boeing 787 Dreamliners

Xiamen Airlines signed a Letter of Intent (LOI) with GE Aviation to select GEnx-1B engines to power its six Boeing 787 Dreamliners. The LOI also includes a 10-year OnPoint solution agreement for GE to provide maintenance, repair and overhaul of the airline’s GEnx fleet. The list price of the engine order and the OnPoint solution

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