FLY’s net income for the third quarter of 2013 was $304,000 compared to a loss of $29.4m in the same period of 2012. Operating lease revenue decreased from $84.4m for the third quarter of 2012 to $78.4m for the third quarter of 2013, primarily due to a decrease in end of lease income from $5.8m […]
FLY Leasing reports third quarter 2013 financial results Read More »
PAS Technologies reported the appointment of David W. Theis to the newly expanded role of Senior Vice President Sales. In this capacity Dave will provide global leadership to the entire company, for all products and services, including Aerospace and Energy.
PAS Technologies announces Dave Theis to lead sales Read More »
Rolls-Royce has been awarded a $50.7m MissionCare contract extension by the US Department of Defense to provide continued support for the F405 (Adour) engines that power the US Navy’s T-45 training aircraft. The contract extension will continue the successful MissionCare support which has provided the US Navy’s training fleet with guaranteed availability over the past
Rolls-Royce awarded $50.7m contract to service US Navy T-45 trainer aicraft engines Read More »
Chromalloy is expanding its investment casting foundry in Tampa, Florida, to include a master alloy operation. “Chromalloy’s new vacuum induction melting furnace will be fully operational in December 2013 at our state-of-the-art investment foundry,” said Carlo Luzzatto, President. “Over the next 90 days we will meet the manufacturing requirements to commence production of master alloys
Chromalloy expands manufacturing capabilities to become master alloy producer Read More »
Revima APU has been an Authorized APU Repair Facility for Pratt and Whitney Aero Power (formerly Hamilton Sundstrand Power Systems) for 10 years, serving APU customers worldwide. As a natural outcome of the strong and mutually beneficial relationship which has been developed over the years, Pratt and Whitney Aero Power has expanded Revima APU’s authorizations
Altra Holdings has signed a definitive agreement to acquire the shares of Svendborg Brakes A/S and S.B. Patent Holding ApS (together “Svendborg”) for a cash consideration of €80.1m, less the cash remaining on the balance sheet at close, which is payable upon completion of the acquisition. Altra intends to finance the transaction through a combination
Altra Holdings signs agreement to acquire Svendborg Brakes Read More »
Willis Lease Finance Corporation (WLFC) reported the launch of Willis Aeronautical Services (“WASI”), a new wholly-owned subsidiary which will provide ‘end-of-life’ solutions for aviation materials and services related to aircraft engines. In conjunction with the formation of WASI, Willis Lease acquired most of the assets and hired the team of professionals from JT-Power (“JT-Power”), a
Willis Lease launches total aftermarket support solution Read More »
GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, released that Stephane Daillencourt has been promoted to Executive Vice President, Aviation Financing Operations. Based in Singapore and reporting to GECAS President and CEO Norman Liu, Daillencourt will be responsible for overseeing all structured finance and capital markets activity as well
GECAS appoints Stephane Daillencourt EVP Aviation Financing Operations Read More »
On November 6, 2013 the third Sukhoi Superjet 100 for the Mexican airline Interjet landed in Toluca (Mexico) to join the other two SSJ100 already in service with the airline. The aircraft was rolled out from SuperJet International’s hangar in Venice (Italy) upon completion of customization and technical acceptance procedure on November 5, 2013. On
Third Sukhoi Superjet 100 delivered to Interjet Read More »
GE Aviation, which consumes more than 10m gallons of jet fuel annually at its engine testing centers, will broaden its fuel source beginning in 2016. GE Aviation has signed an agreement to purchase cellulosic synthetic biofuel from The D’Arcinoff Group (DG), based in Washington, D.C., to be used for production and development testing of GE
GE Aviation pursues alternative fuel sources for jet engine testing Read More »
