SIAEC Group posted a profit of $69.0m, a decrease of $1.1m or 1.6% compared to the same quarter last year. Revenue decreased $11.1m or 3.7%, primarily due to lower material and fleet management revenue. Expenditure fell by $4.4m or 1.7%, mainly from decreases in subcontract and material costs. The resulting operating profit for the quarter […]
SIA Engineering posts group profit of $69.0m for 1st quarter 2013-14 Read More »
At Liebherr-Aerospace’s test center in Toulouse (France), the qualification tests of the A320neo engine bleed air system have started with development testing at equipment level. In the first phase of the test campaign, performance testing of the pre-cooler and bleed valves is currently being carried out. The system components are undergoing a wide array of
Liebherr-Aerospace starts qualification testing of A320neo engine bleed air system Read More »
Fokker Services has received approval from EASA and FAA for its new component repair shop in Singapore. The component repair shop focuses on Regional Aircraft and serves its customers with Avionics, Hydraulics and limited structure component maintenance. Fokker Technologies has been doing business in the Asia Pacific for many years. In order to adapt to
Fokker Services opens component repair shop in Singapore Read More »
AgustaWestland, a Finmeccanica company, reported that the Armed Forces of Malta has signed a contract for one intermediate twin AW139 helicopter plus two options, to perform maritime border patrol and SAR missions. The plan foresees the acquisition of a total of three aircrafts by 2015 including an Integrated Logistic Support package and the training of
Armed Forces of Malta sign contract for one AW139 plus two options Read More »
The Aerobahn De-icing Manager from Saab is now available for airport operators, airlines, and de-icing companies to proactively manage and track the aircraft de-icing process. The De-icing Manager from Saab integrates airport surface surveillance and flight data to provide users with real-time situational awareness of de-icing pad activity. Users can schedule and sequence aircraft into
Saab introduces Aerobahn De-icing Manager Read More »
Boeing and Turkish Airlines have announced an order for five 777-300ER (Extended Range) airplanes, valued at $1.6bn at list prices. The Turkish flag-carrier has exercised options on five 777-300ERs that were first announced in December 2012 as part of a previous firm order for 15 777-300ERs. Turkish Airlines now has 20 777-300ERs currently an order
Boeing, Turkish Airlines finalize order for five additional 777-300ERs Read More »
Erickson Air-Crane, Incorporated has signed a definitive purchase agreement to acquire Air Amazonia Serviços Aeronauticos Ltda. (“Air Amazonia”), the aviation services division of HRT Participações em Petróleo S.A., as well as a fleet of six aircraft and ground facilities. The Company expects the transaction to close in the third quarter, following the satisfaction of certain
Avolon, the international aircraft leasing group, issued a trading update for the first half of 2013. Avolon has now raised total capital of over $5.8bn with a committed fleet of 171 aircraft. Avolon extended and re-priced a $365m revolving warehouse facility and delivered 9 new aircraft valued at over $540m and completed the sale of
Avolon raises total capital of over $5.8bn with a committed fleet of 171 aircraft Read More »
Arik Air, West Africa and Central Africa’s leading airline, has expanded its international fleet with the acquisition of the new A330-200 twin-engine aircraft. The new aircraft will service the airlines bilateral air services agreement (BASA) long haul routes, which includes London Heathrow, New York John F Kennedy and Johannesburg Oliver Tambo Airports. The introduction of
Arik Air expands its international fleet Read More »
Rockwell Collins reported third quarter fiscal year 2013 earnings per share of $1.20, $0.06 higher than earnings per share of $1.14 in the same quarter last year. The 5% increase in earnings per share was due to improved operating performance and the benefit of share repurchases. Net income for the third quarter of 2013 was
Rockwell Collins third quarter 2013 earnings per share increased 5% to $1.20 Read More »
