Etihad Airways, the national airline of the United Arab Emirates (UAE) has unveiled plans to acquire 49% of JatAirways. The Abu Dhabi-based carrier has also been awarded a five year management contract for the Serbian national airline. These are two of the key components of a wide-ranging strategic partnership agreement, signed by Etihad Airways and […]
Etihad Airways to acquire 49% of JatAirways of Serbia Read More »
Bombardier Aerospace’s revenues amounted to $2.3bn for the three-month periods ended June 30, 2013 and 2012. EBIT before special items totalled $107m or 4.7% of revenues for the second quarter ended June 30, 2013, compared to $99m or 4.4%, last fiscal year. Free cash flow usage totalled $459m (including net addition to property, plant and
Bombardier Aerospace reports second quarter 2013 results Read More »
Airbus has achieved initial EASA certification of its innovative Runway Overrun Prevention System (ROPS) technology on A320ceo Family aircraft. This on-board cockpit technology, which Airbus has pioneered over several years and is now in service on the A380, increases pilots’ situational awareness during landing, reduces exposure to runway excursion risk, and if necessary, provides active
Airbus’ Runway Overrun Prevention System (ROPS) certified on A320ceo Family Read More »
Beechcraft Corporation has secured an order for up to a total of 105 King Air 350i aircraft, valued at $788m, from Wheels Up, a membership-based private aviation program that eliminates fixed costs and provides unparalleled flexibility established by Kenny Dichter and the team that founded Marquis Jet, which redefined private air travel with the first
Beechcraft Corporation secures order for up to 105 King Air 350i aircraft Read More »
FLY’s net income for the second quarter of 2013 was $5.9m compared to $25.7m in the same period of 2012. The decline in net income is the result of a decline in operating lease revenue, gains from aircraft sales during the second quarter of 2012 and expenses associated with delivering aircraft to new lessees, partially
FLY Leasing reports second quarter 2013 financial results Read More »
GE has completed the acquisition of the aviation business of Avio S.p.A., a leading, Italy-based provider of civil and military aviation components and systems. The purchase price was $4.3bn U.S. (€3.3bn). GE did not purchase Avio’s space unit. Avio’s aviation business has been renamed Avio Aero, a GE Aviation business. Avio Aero will retain headquarters
GE completes acquisition of Avio Aviation Business Read More »
ANA has ordered three additional 777-300ER (extended range) airplanes. The order, valued at approximately $945m at current list prices, will increase the total number of 777s in ANA’s fleet to 57 airplanes once delivered.
ANA orders three additional 777-300ERs Read More »
Due to a limited runway capacity at Soekarno-Hatta Airport, Garuda Indonesia has been forced to postpone its flight service to London, which had initially been planned for 2nd November 2013. Reason being, the pavement classification number (PCN) of the runways and apron at Soekarno-Hatta Airport do not meet the required level of strength, which is
Fifty years after delivering its very first engine to Beechcraft Corporation, P&WC has celebrated with Beechcraft another historic milestone during EAA AirVenture (EAA), in Oshkosh, Wisconsin, with the delivery of its 80,000th engine, a PT6A-60A set to power the King Air 350i. “As we are celebrating the 50th anniversary of this iconic engine that marked
Pratt & Whitney Canada delivers 80,000th engine to Beechcraft Read More »
IBA appointed David Yu as Executive Director, Business Development – Asia. With extensive knowledge in aviation finance and leasing including deal origination, analysis, structuring, financing, and portfolio management, David’s experience will strengthen IBA’s expansion across the Asia region. Previous responsibilities include acting as Libra Group’s China Chief Representative and Vice President Asia, where he regulated
IBA appoints David Yu as Executive Director, Business Development – Asia Read More »
