GE Aviation, a global leader in jet engine and aircraft system production, hosted a groundbreaking ceremony on November 14th, at the site of its new advanced composites factory near Asheville in Western North Carolina. The new 170,000-ft² will be the first to mass produce engine components made of advanced ceramic matrix composite (CMC) materials. GE […]
GE Aviation breaks ground on Asheville facility Read More »
Pegasus Airlines has finalized its order for CFM International’s advanced LEAP-1A engine to power 100 Airbus A320neo/ A321neo aircraft. The agreement is valued at approximately $4.3bn at list price, including the long-term service agreement. Under the terms of the 20-year Rate per Flight Hour (RPFH) maintenance agreement, CFM will guarantee maintenance costs on a dollar
Pegasus seals $4.3bn deal with CFM Read More »
According to Airbus’ latest Global Market Forecast (GMF), Latin American airlines will require 2,307 new aircraft between 2013 and 2032, including 1,794 single-aisle, 475 twin-aisle and 38 very large aircraft (VLA) worth an estimated US$292bn. Globally, by 2032 some 29,230 new passenger and freighter aircraft valued at nearly US$4.4 trillion will be required to satisfy
Latin American airlines need over 2,300 new aircraft in next 20 years Read More »
The leading Saudi Arabian engine maintenance company Middle East Propulsion Company has strengthened its position as a provider of military engine maintenance, repair and overhaul (MRO) services for the whole of the Middle East region. Today, barely four years later after MTU’s acquisition of a 19% share in 2009, MEPC’s product portfolio has been continuously
Middle East Propulsion Company expands product portfolio Read More »
Air China Cargo and Taikoo (Xiamen) Aircraft Engineering Company (“TAECO”) released that TAECO has completed the first Boeing 757-200 converted freighter for Air China Cargo. The aircraft is the 7th Boeing 757-200 freighter conversion completed by TAECO with its Supplemental Type Certificate (STC) partner Precision Conversions. The process took 105 days, including a concurrent heavy
TAECO redelivers first Boeing 757-200PCF for Air China Cargo Read More »
Experienced aircraft financier, Gary Fitzgerald, announced the launch of Stratos – a financial advisory boutique, specialising in aircraft leasing and financing. Stratos will also provide aircraft sourcing and lease-related services to airlines and investors. “Stratos has been created to address a gap in the market where many airlines and investors need cheaper and easier access
Launch of aircraft financing advisory firm Stratos Read More »
