31 March 2014

Héroux-Devtek announces amended and restated credit agreement

Héroux-Devtek, a leading Canadian manufacturer of aerospace products, has reached an agreement with a syndicate of banks to amend and restate its existing Credit Facility. Under the terms of the agreement, the Facility has been extended for a three-year period with a new maturity date set for March 16, 2019. The authorized amount has been

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B/E Aerospace wins cabin seating awards from 7 major international airlines

B/E Aerospace has won first class, business class, and main cabin seating awards from 7 major international airlines. The awards are initially valued at approximately $600m and are for both new-buy and retrofit programs. The first quarter of 2014 will mark a quarterly bookings record for the Company and a record for the most commercial

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China Express Airlines places firm order for three more Bombardier CRJ900 NextGen airliners

China Express Airlines has converted previously announced conditional purchase agreements for three CRJ900 NextGen regional jets into a firm order. The conditional purchase agreements for five CRJ900 NextGen aircraft, with options on an additional eight CRJ900 NextGen aircraft, were announced on December 2, 2013, along with a firm order for three CRJ900 NextGen airliners.

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Introducing Precision Aircraft Solutions: a world leader in aircraft modification 757 conversion specialists now offer comprehensive services and support

The Precision organization announced its restructuring in order to accommodate continued growth. Going forward, Precision Aircraft Solutions will coordinate the operations of five subsidiaries to provide comprehensive aircraft modification services and support. The organization, based in Portland, Ore., will continue to pioneer its signature aircraft conversion program, but will now offer more resources for leveraging

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Standex awarded contract from Senior Aerospace for Airbus A320 NEO aircraft nacelle components

Standex International Corporation (SXI) announced that Spincraft, the Company’s engineered products metal fabrication business unit, has received a life of program award from Senior Aerospace (SSP) to produce exhaust plug and nozzle components for the nacelle on the Airbus A320 NEO. The life of program award is based on active production of both the A320

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Aircastle closes purchase and leaseback of four Boeing 777-300ERs with LATAM Airlines Group

Aircastle completed the first part of the Company’s previously announced $900m purchase and leaseback agreement with LATAM Airlines Group S.A. for eight Boeing 777-300ER aircraft. Together with the four Boeing 777-300ERs acquired thus far in this transaction, Aircastle acquired a total of eight aircraft with a cost of $715m during the first quarter of 2014.

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Finnair completes sale and leaseback agreement for one Airbus 330 aircraft

Finnair signed the Memorandum of Understanding (MoU) with Novus Aviation Capital on the sale and leaseback of two Airbus 330 aircraft owned by Finnair. The transaction has now been finalized for one of the two aircraft. The sale and leaseback agreement for the second aircraft included in the MoU is expected to be concluded by

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Rolls-Royce supports US Marine Corps KC-130Js through $50m contract

Rolls-Royce has been awarded a contract to support the US Marines Corps fleet of KC-130J air-toair refuelling tankers, worth more than $50m. The MissionCare contract covers sustainment services for more than 200 Rolls-Royce AE 2100 engines as well as propellers and other propulsion system repairs for the KC-130J fleet. The oneyear contract also covers the

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AerSale receives EASA certification

The European Aviation Safety Agency (EASA) has granted Part 145 certification to AerSale’s aircraft heavy maintenance & storage facility located in Roswell, NM. This additional certification is part of AerSale’s expansion initiatives developed to increase its maintenance and storage services offering to multinational aircraft owners/lessors who redeploy aircraft in EASA regulated jurisdictions.

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