29 May 2014

IAI publishes financial statement for Q1 2014

Israel Aerospace Industries, Israel’s leading aerospace and defense company, issued its consolidated interim financial statements for the three months ended March 31, 2014. The Company showed record sales and an increase in gross profit against the slowdown in the activities of the Bedek Aviation division and conversion of passenger aircraft to cargo configurations. The Company’s […]

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AAR signs new 1-year contract to supply landing gear support for Royal Squadron fleet

AAR announced an agreement with the UK Ministry of Defence (UK MoD) to supply landing gear support to its fleet of BAE 125 aircraft. The contract expands on AAR’s relationship with the UK MoD, for which it provides repairs, spare parts requirements and unit exchanges for BAE 125 and 146 aircraft, as well as APU

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CHC Helicopter’s Brazil subsidiary opens new, expanded facility in Cabo Frio

CHC Helicopter’s Brazil unit opened a new, much larger hangar for its existing offshore flying operations in Cabo Frio. BHS (Brazilian Helicopter Services Táxi Aéreo) is a subsidiary of CHC, a global leader in helicopter services and the operating company of CHC Group (HELI). The 6,500-m² (about 70,000-ft²) hangar includes significantly expanded facilities for BHS

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Air Lease Corporation takes delivery of first 777-300ER

Air Lease Corporation took direct delivery of the first of 15 777-300ERs (Extended Range) from its existing order pipeline with Boeing. This 777-300ER, the eighth 777 in ALC’s fleet, is one of two delivering to British Airways on long-term lease from the lessor. The second 777-300ER for British Airways is scheduled to deliver from Boeing

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Montenegro Airlines takes delivery of new Embraer E190LR from GECAS

GE Capital Aviation Services (GECAS) delivered a new Embraer E190LR aircraft to Montenegro Airlines to expand the carrier’s fleet. The aircraft is from GECAS’ existing order book with Embraer. Montenegro Airlines currently operates a fleet of nine aircraft to destinations in Europe.  

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Air Serbia sees turnaround with strong first quarter passenger numbers and revenue

Air Serbia, the national airline of Serbia, has announced significantly improved performance in the first three months of the year with a 66% increase in total passenger numbers to 364,924, compared with the same period in 2013. The airline’s passenger carrying capacity, which is measured by available seat kilometres (ASKs), has jumped 93% resulting in

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Odyssey Airlines launch public US crowdfunding to support development

Odyssey Airlines, the new UK-based business-only carrier, announced the launch of a capital raise on US platform Crowdfunder. It will run concurrently alongside a similar raise on the UK-based platform Crowdcube, which launched earlier this month, with the combined initiative targeting £5m (US$8.4m) to support the company’s next phase of development. The company has also

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