3 February 2014

Héroux-Devtek acquires British landing gear company APPH

Héroux-Devtek, a leading Canadian manufacturer of aerospace products, has acquired the entire share capital of U.K.-based APPH and U.S.-based APPH Wichita, subsidiaries of BBA Aviation. APPH is an integrated provider of landing gear and hydraulic systems and assemblies for original equipment manufacturer (“OEM”) and aftermarket applications. Headquartered in Runcorn, United Kingdom, APPH specializes in the […]

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SIA Engineering Group posts profit of $60.5m for 3rd quarter 2013-14

SIAEC Group posted a profit attributable to owners of the parent of $60.5m for the quarter ended 31st December 2013. During the quarter, revenue increased by $5.6m or 2.0% to $283.8m, while expenditure grew at a higher rate of 4.7% or $11.6m. As a consequence, operating profit of $25.2m was $6.0m lower than that for

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Palma Holding places firm order for up to eight Q400 NextGen aircraft

Lessor Palma Holding has signed a firm purchase agreement for four dual-class Q400 NextGen aircraft. The agreement, which also includes options for an additional four Q400 NextGen aircraft, follows a letter of intent to acquire the aircraft that Bombardier announced on November 18th, 2013. Under a joint venture with Ibdar Bank BSC, Palma intends to

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Bristow Group William Chiles to retire as CEO

Bristow Group, a leading provider of helicopter services to the offshore energy industry, reported that William E. Chiles, President and Chief Executive Officer, will retire from those positions at the Company’s Annual Meeting of Shareholders on July 31, 2014, and be succeeded by Jonathan E. Baliff, Bristow’s Senior Vice President and Chief Financial Officer. Following

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JETS bolsters sales and commercial team with Derick Naude

JETS, the growing business aviation MRO is further expanding its sales and commercial team with the appointment of Derick Naude as Senior Sales and Commercial Representative, effective immediately. Derick joins JETS from Embraer Executive Aircraft where he previously held the position of Customer Support Representative for the UK.

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Altaïr advises Intersky and concludes successful sale and leaseback of two Bombardier Dash 8 Q300

Altaïr announced successful completion of the sale and leaseback of two Bombardier Dash 8 Q300 aircraft, on behalf of Intersky Luftfahrt GmbH. The aircraft registered OE-LSB and OE-LIC were purchased by a US Lessor and leased back to Intersky under an operating lease agreement. Angus von Schoenberg, Head of Commercial and Regional Aviation at Altaïr,

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Apollo Aviation Group ends 2013 with further acquisitions for SASOF II

Apollo Aviation Group, a multi-strategy aviation investment manager specializing in mid-life and mature aircraft, has contracted to purchase five aircraft for $53m in the fourth quarter of 2013 on behalf of its second aviation fund, SASOF II. The aircraft include three in-production models (A320ceo family aircraft). Since SASOF II’s inception, Apollo Aviation has contracted to

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