15 November 2013

GE Aviation breaks ground on Asheville facility

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 […]

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Pegasus seals $4.3bn deal with CFM

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

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Latin American airlines need over 2,300 new aircraft in next 20 years

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

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Middle East Propulsion Company expands product portfolio

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

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TAECO redelivers first Boeing 757-200PCF for Air China Cargo

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

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Launch of aircraft financing advisory firm Stratos

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

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