May 5, 2014

Triumph Group to provide overhaul services for Boeing Globemaster III

Triumph Group has signed a three year contract with Boeing to provide overhaul and maintenance services for the auxiliary power units, fan thrust reversers, pitch trim actuators, landing gear manifold and ramp actuators for the United States Air Force fleet of Boeing C-17 Globemaster III aircraft. The work will be performed at several of the […]

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SIAEC Group posts profit of $265.7m for financial year ended March 31st, 2014.

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SIAEC Group posted a profit of $265.7m for the financial year ended March 31st, 2014. Revenue grew by $31.5m or 2.7%, mainly due to an increase in line maintenance and airframe and component overhaul work, while expenditure increased $44.0m or 4.3%. As aresult, operating profit was $12.5m or 9.8% lower at $115.6m. The increase in

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Willis Lease Finance earns $4.3m in 1Q14

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Willis Lease Finance Corporation (WLFC), the premier independent jet engine lessor in the commercial finance sector, reported first quarter 2014 net income was $4.3m, compared to $1.6m, in the first quarter of 2013, and $6.6m in the fourth quarter of 2013. At March 31, 2014, Willis Lease had 200 commercial aircraft engines, 5 aircraft parts

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Royal Brunei Airlines selects P&W PurePower engines for new A320neos

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Royal Brunei Airlines, the flag carrier of Brunei Darussalam, has signed a letter of intent with Pratt & Whitney for PurePower PW1100G-JM engines to power seven firm A320neo aircraft (together with three options). Deliveries are scheduled to commence in 2018.

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Alaska Air Group reports April operational results

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Alaska reported a 4.3% increase in traffic on a 4.3% increase in capacity compared to April 2013. This resulted in a flat load factor of 86.8%. Horizon reported April traffic and capacity that was similar with April 2013, and the resulting load factor was consistent at 78.3%.

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Avioserv completes disassembly of 2 CFM56-7B engines

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Avioserv San Diego recently completed the disassembly of 2 each fully QEC’d CFM56-7B engines. The material from these engines is being made available for immediate sale.

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WestJet reports April load factor of 82.3%

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WestJet announced April 2014 traffic results with a load factor of 82.3%. Traffic increased 6.5% year-over-year and capacity grew 7.1% over the same period.

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Finnair signs MOU on the sale of three Embraer 170 aircraft

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Finnair Aircraft Finance Oy, Finnair’s fleet management subsidiary, has signed a Memorandum of Understanding with Infinity Aviation Capital, a US-based aircraft leasing company, on the sale of three Embraer 170 aircraft to affiliates of Infinity Aviation Capital. The value of the arrangement is approximately US$40m, and the transactions are expected to close in the second

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