10 December 2013

EADS outlines plan for Defence and Space restructuring, cutting 5,800 positions

EADS presented a restructuring plan on December 9th, for its future Airbus Defence and Space Division (Airbus DS) to the European Works Council. This presentation follows a decision by the EADS Board of Directors in July this year to consolidate the defence and space businesses of the Group into one new Division and to rebrand […]

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Bombardier enrolls Eurolot’s three newest aircraft in Q400 Smart Parts Program

Eurolot S.A. of Warsaw, Poland has reaffirmed its confidence in Bombardier’s Smart Parts program by enrolling its three newest Q400 NextGen aircraft. Eurolot, which took delivery of the new aircraft on October 29th, 2013, now has a total of 11 Q400 NextGen aircraft enrolled in the program. The Smart Parts agreement is customized to meet

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Boeing forecasts realignment, balance for 2014 airplane financing

Boeing, which released its seventh annual aircraft finance market forecast on December 10th, projects that investors and financiers in the major aircraft finance markets will deliver balanced liquidity to fund what is expected to be another record global jetliner production year in 2014. Boeing forecasts industry jetliner deliveries in 2014 totaling $112bn, with 95% of

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Astronics completes acquisition of PGA Electronic

Astronics Corporation, a leading provider of advanced technologies for the global aerospace and defense industries, confirmed that it completed the acquisition of PGA Electronic (“PGA”) on December 5, 2013 for approximately $31.2m. Approximately $17.5m of the purchase price was paid in cash and the balance was paid by the issuance of 264,168 shares of Astronics

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AEI redelivers sixth ASL B737-400SF 11 Pallet conversion

Aeronautical Engineers (AEI) redelivered the sixth B737-400SF 11 Pallet freighter to the ASL Aviation Group. The sixth freighter to deliver is a high gross weight B737-400SF (MSN 25181) built in 1992. The conversion was performed at AEI’s Authorized Conversion Center, Commercial Jet Inc. in Miami Florida. The aircraft has been ferried to Paris France where

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UTair Aviation Group takes off with AMOS

Swiss-AS, provider of M&E software solution AMOS, announced the latest addition to its loyal customer base: UTair Aviation Group. Initially, UTair will implement AMOS for approximately a quarter of its fixed-wing fleet while more aircraft are to follow soon after the go-live. Russian airline UTair operates scheduled domestic and international passenger services, scheduled helicopter services

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Lufthansa Technik to provide Total Component Support for Boeing 787 fleet of Air Canada

Lufthansa Technik AG is once again expanding its involvement in the provision of technical support for the Boeing 787, after signing an agreement with Air Canada. Canada’s largest airline has signed a 12-year Total Component Support TCS contract with Lufthansa Technik, starting with the delivery of the first aircraft from Boeing to Air Canada in

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