8 May 2014

BAE Systems completes 150th aircraft set for F35 fighter programme

BAE Systems completed the manufacture of the 150th F-35 rear fuselage and tail set at its military aircraft factory in Samlesbury, Lancashire. The 150th aircraft set, known as AF070, is a Conventional Take Off and Landing variant destined for the US Air Force. AF070 will be married up with the rest of the aircraft at […]

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FLY Leasing reports first quarter net income of $3.6m, down from $32.8m in 2013

FLY is reporting net income for the first quarter of 2014 of $3.6m, this compares to net income of $32.8m for the same period in 2013. First quarter 2013 results benefitted from $30.6m of end of lease income and $6.5m in gains from aircraft sales. First quarter 2014 results were impacted by increases in interest

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Copa Holdings reports net income of US$151.4m for first quarter 2014

Copa Holdings reported net income of US$151.4m for 1Q14. Excluding special items, Copa Holdings would have reported an adjusted net income of $153.6m, a 23.5% increase over adjusted net income of US$124.4m for 1Q13. Operating income for 1Q14 came in at US$177.0m, a 24.1% increase over operating income of US$142.6m in 1Q13. Operating margin for

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Spirit AeroSystems names William Brown to lead Spirit Aftermarket

Spirit AeroSystems has added aircraft industry veteran William (Bill) Brown to its senior leadership team as senior vice president, Aftermarket. Brown most recently served as executive vice president, Global Operations and president of Global Customer Service and Support at Beechcraft. Prior to joining Beechcraft, Brown also served as president and general manager of AAR Aircraft

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Etihad Airways signs agreement to acquire Abu Dhabi Aircraft Technologies (ADAT)

Etihad Airways, the national airline of the United Arab Emirates, and Mubadala Development Company (Mubadala), entered into an agreement in which Etihad Airways will acquire Abu Dhabi Aircraft Technologies LLC (ADAT) from Mubadala. The deal will see Mubadala retain ADAT’s engine focussed maintenance, repair and overhaul (MRO) business, which will be the catalyst for the

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Baltic Aviation Academy signs one year training contract with PIA

Central Europe aviation training centre, Baltic Aviation Academy, has signed a successful contract with Pakistan International Airlines (PIA). The one year contract includes Airbus A320 type rating training, as well as Boeing 737 CL and ATR 72 full flight simulator dry leases which will be executed at Baltic Aviation Academy training centre in Vilnius, Lithuania.

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Lufthansa Technik opens third US location for Aircraft Production Inspection

Lufthansa Technik AG enlarges its product portfolio and announced the opening of the third US location after Everett and Renton for Aircraft Production Inspection of Boeing aircraft at North Charleston/South Carolina. The first Boeing 787s have already been successfully supported and the Lufthansa Technik inspectors are permanently on-site. Marketed under the name of Aircraft Production

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