25 November 2013

Boeing and Korean Air break ground on new training facility

Boeing participated in a groundbreaking ceremony on November 25th, with Incheon and Korean Air for construction of Korea’s largest new aviation training facility to be located in Incheon’s Free Economic Zone (IFEZ). The new campus, which is slated to open in 2015, will allow Boeing to expand the scope of its training business in Korea […]

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Textron to acquire two innovative suppliers of flight simulation and aircraft training products

Textron has signed agreements to acquire two flight simulation and aircraft training product companies – Mechtronix Inc., located in Montreal, Quebec and OPINICUS Corporation, located in Lutz, Florida. These companies combined with Textron Systems’ existing training and simulation business, which serves the military aircraft market through its facilities in Goose Creek, South Carolina, will form

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Rolls-Rolls receives $215m contract for Liftsystem production

Rolls-Royce has been awarded a $215m contract to produce and support LiftSystems for the F-35 Lightning II program, and F-35B jets continue to demonstrate success in operations, training and test. The unique technology of the Rolls-Royce LiftSystem provides F-35B aircraft with the capability to perform short take-offs and vertical landings (STOVL) and is currently in

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Acro Aircraft Seating to equip Airbus A320 aircraft with new wider and lighter economy seat

UK-based passenger aircraft seat manufacturer Acro Aircraft Seating will equip Airbus A320 aircraft with its Ultra XC wider and lighter economy class reclining seat from the first quarter, 2014. The seat, boasting a width of 18.1 inches for window and aisle seats and 19.3 inches for the middle seat, will offer passengers more ‘personal’ space,

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Chromalloy expands support in new engine supply chain with acquisition of TRAC Group

Chromalloy, a leading supplier of gas turbine engine component repairs, coatings and castings, reported its acquisition of Trac Group, a tier one component supplier to the aerospace and energy industries. Trac Group provides design, engineering and manufacturing of high and low pressure complex turbine components including blades, segments and vanes for the engine hot section.

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HEICO Corporation increases Credit Facility to an aggregate capacity of $1bn and extends term

HEICO Corporation reported that it increased its $670m revolving credit facility (the “Facility”) to an aggregate potential future capacity of $1Bbn and that it also extended the facility by an additional year until December 2018. Under the amendment, $800m of the Facility is now fully committed for funding and an additional $200m has been committed

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Garuda Indonesia introduces sub-brand 'Explore'

In line with the airline’s efforts to develop and strengthen its flight network, especially in the domestic sector, Garuda Indonesia, the national airline of Indonesia, announced its brand new sub-brand “Explore” along with the introduction of the airline’s ATR72-600 aircraft into its fleet, on November 25th, 2013. Garuda Indonesia will operate “Explore” flight through ATR72-600

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MTU Maintenance signs exclusive contract for CF6-80 maintenance with Southern Air

Southern Air Holdings has awarded MTU Maintenance an exclusive long-term maintenance and lease engine provisioning contract covering all present and future General Electric (GE) CF6-80C2 engines in Southern Air’s 747-400 freighter fleet. The contract with the U.S. based cargo carrier is valued at over $100m.

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BOC Aviation delivers new Airbus A330 to Iberia with new livery

Iberia, the Spanish carrier, has taken delivery of its fifth A330-300 from BOC Aviation. The aircraft is the first to carry Iberia’s new livery and is named after Spanish King Juan Carlos I. Iberia, an International Airlines Group (“IAG”) airline, has now taken delivery of nine Airbus aircraft out of 12 leased from BOC Aviation,

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