6 August 2014

Boeing delivers 15th production P-8A Poseidon to U.S. Navy

The 15th P-8A Poseidon built by Boeing arrived at Naval Air Station Jacksonville, Fla., where it will help expand the U.S. Navy’s long-range maritime patrol capabilities. The aircraft, delivered on schedule July 31st, joined the other Poseidon aircraft being used to train Navy crews in preparation for deployment. Boeing is currently on contract to build

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The A350 XWB makes its debut in Australia

The Airbus A350 XWB has made its debut in Australia, landing at Sydney’s Kingsford Smith International airport on August 5th, after flying in from Johannesburg, South Africa. The aircraft is operated by Airbus flight crews and while in Sydney, a representative airline schedule operation has to be demonstrated such as normal airline turnarounds, using airport

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Vance Street Capital acquires Eirtech Aviation

Vance Street Capital, a Los Angeles-based private equity firm, and its affiliates, have acquired Eirtech Aviation (“Eirtech”), a specialist aviation coating services company headquartered in Shannon, Ireland. Eirtech, together with existing Vance Street portfolio companies Leading Edge Aviation Services and Associated Painters, will form International Aerospace Coatings Holdings LP. The combined entity creates a leading

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ATSG to acquire two Boeing 767-300s currently leased by ABX Air

Air Transport Services Group announced that its aircraft leasing subsidiary, Cargo Aircraft Management, has agreed to purchase two Boeing 767-300ER freighters that ATSG’s airline subsidiary ABX Air currently leases from Guggenheim Aviation Partners. CAM expects to pay Guggenheim $49.9m for the freighters in transactions expected to close at the end of the third quarter. ABX

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Boeing partners with South African Airways to turn new tobacco plant into jet fuel

Boeing, South African Airways (SAA) and SkyNRG are collaborating to make sustainable aviation biofuel from a new type of tobacco plant. This initiative broadens cooperation between Boeing and SAA to develop renewable jet fuel in ways that support South Africa’s goals for public health as well as economic and rural development. SkyNRG is expanding production

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Ameco Beijing welcomes Vietnam Airlines at Shanghai outstation

Ameco Beijing Shanghai outstation started to perform line maintenance and releasing services for Vietnam Airlines’ A320, twice every day since August 1st. Up to now, the outstation served 6 international customers including Finnair, Aeroflot-Russian Airlines, Saudi Arabian Airlines, Singapore Airlines Cargo, and AirBridgeCargo Airlines. Headquartered in Beijing, Ameco has 8 outstations serving over 20 international

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ATSG reports strong second quarter results

Air Transport Services Group, a leading provider of medium wide-body aircraft leasing, air cargo transportation and related services, reported consolidated financial results for the quarter ended June 30th, 2014. Revenues were $149.6m, up $10.7m, or 8% from a year ago. Excluding revenues from reimbursable expenses, revenues increased $4.8 million, or 4%. Net earnings from continuing

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