15 August 2013

Triumph Group signs agreement to acquire General Donlee Canada

Financial, Top Stories / Leave a Comment

Triumph Group announced the signing of a definitive agreement to acquire General Donlee Canada, a leading manufacturer of flight critical complex machined components. Triumph will pay a total of approximately $110.0m in cash to acquire General Donlee’s outstanding equity and retire its existing debt. The transaction is subject to customary closing conditions, including the approval […]

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SAS completes MD80 and spare engine fleet sale to Allegiant Air

Aircraft & Engines, Top Stories / Leave a Comment

SAS has finalized the delivery stream of 12 MD82/83/87 aircraft (49383, 49605, 49606, 49607, 49609, 49611, 49642, 53010, 53011, 53165, 53337 and 53340) as well as 12 spare JT8D-217C/219 engines to Allegiant Air and its subsidiaries. The sale was agreed to in April 2011 and the deliveries have matched SAS’ continued phase-out of its MD80

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American Airlines launches codeshare agreement with TAM

Other News / Leave a Comment

American Airlines announced the launch of a new codeshare agreement with Sao Paulo-based TAM Airlines, increasing American’s network connectivity in Brazil and further enhancing its relationship with LATAM Airlines Group.Through the agreement, the two airlines will codeshare on each other’s flights between the United States and Brazil. American’s customers will also have access to TAM

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Fifth Street Finance Corp. enters aircraft leasing business

Other News, Top Stories / Leave a Comment

Fifth Street Finance Corp. reported the formation of a new portfolio company in the aircraft leasing sector, First Star Aviation. Pradeep Hathiramani, former Principal and Sector Head of Transportation at KKR Asset Management, will lead the operations of First Star as Managing Director. Mr. Hathiramani will help build an experienced team focused on acquiring and

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Fly-by-Wire Technology driving advancements in rotary wing flight

Other News, Top Stories / Leave a Comment

UTC Aerospace Systems is working with Sikorsky Aircraft to drive advancements in rotorcraft technology as part of Sikorsky’s self-funded Matrix Technology autonomy research and development program. With Matrix Technology, Sikorsky aims to significantly improve the capability, safety and reliability of vertical take-off and landing aircraft. Sikorsky announced this week the first flight of an S-76

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Chromalloy signs new agreements with Honeywell

MRO & Production, Top Stories / Leave a Comment

Chromalloy announced a Repair License Agreement as well as a Supplier Agreement with Honeywell. The 10-year agreements cover aircraft engine components and engineering services for parts, and special coating processes. The Supplier Agreement and Repair License Agreement commenced on August 12th, 2013 and cover a full range of Honeywell systems that power commercial, cargo, military

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BAE Systems Regional Aircraft renews spares support contract with Sky Express of Greece

MRO & Production, Top Stories / Leave a Comment

BAE Systems Regional Aircraft has won a three-year extension to its existing MACRO rate-per-flying-hour spares support contract with Greek regional airline Sky Express. Sky Express first enrolled on to the MACRO (Material and Components Repair and Overhaul) programme in June 2008 and this new extension will see the airline enjoy the benefits of this service

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