In the first half of 2013, international technology group RUAG increased net sales by 3.4% year-on-year to CHF845m (previous year: CHF817m). Earnings before interest and taxes (EBIT) rose 13% to CHF44m (CHF 39m). Civil business is gaining further in relation to military business: 56% of sales was generated by civil applications. The fastest growth was […]
RUAG grows in civil business and increases profitability Read More »
During the International Aviation and Space Salon MAKS-2013, Airbus and S7 Engineering, part of Engineering Holding, signed an agreement to develop long term maintenance partnership in the region. As part of this, S7 Engineering, a leading maintenance and repair facility in Russia, will acquire Airbus training skills and standards to provide OEM-backed maintenance training capabilities
AgustaWestland, a Finmeccanica company, announced the signing of a Service Centre Agreement with UTair Aviation of Russia during an official ceremony held at MAKS 2013. Under the agreement UTair will act as an authorized service station, providing a comprehensive range of support and maintenance services as well as an extensive spare parts inventory for AW139
AgustaWestland and UTair sign Service Centre Agreement at MAKS 2013 Read More »
Boeing projects the commercial aviation industry will need more than one million new pilots and technicians to support the expanding demand for new airplane deliveries over the next two decades. Projected pilot demand is increasing worldwide, as is demand for technicians in some regions. At an event marking the launch of 787 flight training at
Boeing forecasts increased global demand for airline pilots Read More »
Air Lease Corporation has been assigned an investment grade corporate credit rating of BBB- with a stable outlook by Standard and Poor’s Ratings Services. Additionally, ALC’s senior unsecured notes due in 2016, 2017, and 2020 will also carry the same BBB- rating. Standard & Poor’s highlighted in its press release that the BBB- rating reflects
Air Lease Corporation assigned investment grade rating by Standard and Poor’s Read More »
Transaero Airlines has selected Engine Alliance GP7200 engines to power its four Airbus A380 aircraft. Transaero has also agreed to a 12-year Fleet Management Agreement to cover the maintenance, repair and overhaul of the engines. The engine and Fleet Management Agreement is valued at more than $500m over the life of the agreement. The delivery
Transaero Airlines selects Engine Alliance GP7200 engines for Airbus A380 fleet Read More »
Following a 15 months period under chapter 11 during which a massive restructuring policy has been implemented. ESMA is, since the 12th of August 2013, a subsidiary of the Chinese group Hainan Group (HNA) through its subsidiary HNA Europe. HNA Group, whose head office is located in Haikou capital of Hainan province in southern China,
ESMA Aviation Academy takeover by Hainan Group Read More »
WestJet has entered into a letter of intent to purchase 65 737 MAX aircraft from Boeing, consisting 40 737 MAX 8 and 25 737 MAX 7 aircraft, with delivery scheduled to begin in September 2017. The 737 MAX aircraft will be equipped with CFM International LEAP-1B engines, and is expected to reduce fuel burn and
WestJet announces intent to purchase 65 Boeing 737 MAX aircraft Read More »
