In what was described as “an attempt to buy off local opposition to a third runway”, last May it was announced that London Heathrow Airport had put together a compensation package extending to some £550m (US$825m) for the purchase of property blighted by the new runway, that sum to also include £250 million (US$375m) for […]
Heathrow’s runway 3 noise compensation costs nearly treble in new proposals Read More »
SAS is completing the acquisition of Cimber after meeting all of the terms of the transaction, including approval from the Danish Competition and Consumer Authority. SAS has appointed Kent Hansen as the new president of the airline. He will succeed the current president on March 1st, 2015. SAS has also appointed Kjetil Grønevik as Finance
SAS completes acquisition of Cimber Read More »
Parker Aerospace, a business unit of Parker Hannifin Corporation, the global leader in motion and control technologies, and its Customer Support Operations have signed a long-term agreement with Emirates Airline to provide a comprehensive maintenance package for its fleet of Boeing 777 and Airbus A330/A340 aircraft and engines. Parker will provide maintenance support to Emirates
Parker Aerospace signs long-term support agreement with Emirates Read More »
Esterline Corporation, a leading specialty manufacturer serving aerospace and defense markets, has completed its acquisition of the aerospace and defense display businesses of Belgium-based Barco N.V. for €150m, or approximately US$175m, in cash. The company financed the acquisition primarily using international cash reserves, with the balance funded by borrowings under its existing credit facility. Barco’s
Esterline completes acquisition of Barco's Aerospace & Defense display business Read More »
Jazz Aviation, a wholly owned subsidiary of Chorus Aviation, released that its pilots, represented by the Air Line Pilots Association (‘ALPA’) have ratified their tentative agreement reached on January 13th, 2015. The term of this agreement is 11 years expiring on December 31st, 2025. ALPA represents approximately 1380 pilots employed at Jazz. The term of
Jazz pilots ratify 11 year tentative agreement Read More »
GE Capital Aviation Services (GECAS), the aircraft leasing unit of GE (GE), completed and closed its acquisition of Milestone Aviation Group, the Dublin-based helicopter lessor, for US$1.775bn plus the assumption or payoff of Milestone’s existing debt. “The acquisition of Milestone is a key part of our growth strategy for 2015 and beyond as we add
GE Capital Aviation Services closes acquisition of Milestone Aviation Group Read More »
Boeing and Okay Airways celebrated the delivery of the carrier’s first Next-Generation 737-900ER (Extended Range). The delivery marks the first 737-900ER to be delivered to a Chinese customer and is the first of eight 737-900ERs that Okay Airways has on order. Okay Airways, the first privately owned airline in China, is headquartered in Beijing with
Boeing delivers Okay Airways' first next-generation 737-900ER Read More »
Bombardier Commercial Aircraft and Chorus Aviation, parent company of Jazz Aviation, have signed a firm purchase agreement whereby Chorus will acquire 13 Q400 NextGen aircraft and options for 10 Q400 NextGen aircraft. Once delivered, the aircraft will be operated by Jazz under the Air Canada Express banner. The Companies also announced Chorus and Jazz as
Bombardier and Chorus sign purchase agreement for up to 23 Q400 NextGen aircraft Read More »
As a continuation of the strategic Sales department restructure, Avtrade announces the appointment of Natasha Samarina to the role of Regional Sales Director responsible for Russia and Eastern Europe. Educated to degree-level in Economics and Business Administration, Natasha has rapidly established herself as a key member of the Sales team, quickly progressing and gaining promotions
Avtrade appoints new Regional Sales Director for Russia & Eastern Europe Read More »
Avinco has arranged the purchase of two ATR 72-500 ( MSN 732 and 733) on behalf of AMUR HFS and Diversified Aero Service (DSI). The two ATR72 were previously operated by Kingfisher.
AVINCO arranges placement of two ATR 72-500 Read More »
