July 30, 2014

PEMCO redelivers three 737-300F aircraft to Yangtze River Express

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PEMCO World Air Services announced the redelivery of three more 737-300 freighters to Yangtze River Express (Shanghai China) over the past several weeks. Yangtze River Express, which manages the cargo operations of Hainan Airlines, China Xinhua Airlines and other members of the Hainan Air Group, has already placed two of the freighters (MSN 28599, MSN […]

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Messier-Bugatti-Dowty signs agreement with Sabena technics to acquire 100% of Hydrep

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Messier-Bugatti-Dowty and Sabena technics signed an agreement on July 18th for Messier-Bugatti-Dowty to acquire Sabena technics’ 50% stake in their 50/50 joint company, Hydrep. The transaction is scheduled to take effect in September 2014. Based in Dinard, France, Hydrep employs 100 people and is a leading provider of repair services for landing gear on regional

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Airline places firm order for five Bombardier Q400 NextGen Turboprops

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An airline, which has requested to remain unidentified at the present time, has signed a firm purchase agreement for five Q400 NextGen turboprop airliners. Based on the list price for the Q400 NextGen airliner, the transaction is valued at approximately US$168m.

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Boeing to assemble 787-10 Dreamliner in South Carolina

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Boeing released that final assembly of the 787-10, the newest and longest member of the 787 Dreamliner family of airplanes, will take place exclusively in North Charleston, S.C. Boeing will continue to assemble both 787-8s and 787-9s in Everett, Wash., and North Charleston. Design of the 787-10 is underway in Everett, with final assembly of

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Airbus Group reports solid results for first half 2014

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Airbus Group reported solid results for the first half of 2014, reflecting operational improvement and the continued focus on programme execution. Demand for the Group’s products remains strong as shown at July’s Farnborough Air Show, where Airbus announced 496 aircraft orders and commitments confirming the health of the commercial aircraft market. The A330neo was endorsed

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CIT provides $27m financing to Virgo Investment Group

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CIT Group, a global leader in aircraft finance, reported that CIT Aerospace provided a $27m senior secured credit facility to Virgo Investment Group, a private investment management firm, to finance its acquisition of four Boeing 737-700 aircraft leased to GOL. Each aircraft is equipped with CFM56 engines. The financing was provided by CIT Bank, the

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UTC Aerospace Systems delivers 5,000th set of landing gear for Boeing 737

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UTC Aerospace Systems’ Landing Systems business marked a major milestone when it delivered its 5,000th set of landing gear for a Next-Generation 737 to Boeing. The gear components were delivered from their final integration site, the Landing Systems facility in Everett, Washington. The Everett facility supports the Boeing production line through provision of fully integrated

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Boeing forecasts rising demand for commercial pilots and technicians

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Boeing is forecasting continued strong growth in demand for commercial aviation pilots and maintenance technicians as the global fleet expands over the next 20 years. Boeing’s 2014 Pilot and Technician Outlook, released at EAA AirVenture Oshkosh, projects that between 2014 and 2033, the world’s aviation system will require 533,000 new commercial airline pilots and 584,000

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