6 April 2015

Corruption claims regarding SriLankan Airlines alleges $billions are missing

The new Sri Lankan government has demanded an immediate investigation into the running of the state airline, SriLankan Airways. It is alleged that the carrier has been subject to levels of corruption which have seen billions of dollars unaccounted for. An inquiry into financial affairs at the airline, which was led by an anti-corruption lawyer, […]

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L-3 Aviation Products opens new MRO facility to serve Indian aviation marketplace

L-3 Aviation Products (L-3 AP) held a ribbon-cutting ceremony on March 18th, in celebration of the opening of its new MRO (Manufacturing, Repair & Overhaul) facility in Bengaluru, India. “Our growing presence in India underscores L-3’s pledge to serving the Indian aviation sector,” said Krishen Ganase, president of L-3 Aviation Products. “Our new MRO facility

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OMA reports 22.9% increase in March 2015 passenger traffic

Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA (OMAB) (BMV:OMA), reports that terminal passenger traffic at its 13 airports increased 22.9% in March 2015, as compared to March 2014. Domestic traffic increased 23.0%, and international traffic increased 22.6%. Of total March traffic, 97.7% was commercial aviation and 2.3% was

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Wencor Group acquires PHS/MWA Aviation Services

Wencor Group acquired PHS/MWA Aviation Services (“PHS”), a certified FAA/EASA Repair Station and world-class provider of aircraft repair solutions in cargo and interior systems, hydraulics, and power and controls. Terms of the transaction were not disclosed. “The acquisition of PHS enhances our Soundair Aviation Services affiliate, expanding both the international market presence and breadth of

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Pratt & Whitney continues to build production readiness with more than US$18bn in supplier long-term agreements

In anticipation of a significant increase in engine production, Pratt & Whitney has signed nearly 200 long-term agreements involving a projected spend of more than US$18bn with key product suppliers from around the world. These agreements will help the company support increased production levels as it prepares for an expected doubling inengine production by the

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Embraer delivers milestone Phenom Family Jet to NetJets

Embraer Executive Jets delivered the 100th Phenom family jet produced in Melbourne, Fla., just over three years after the first aircraft rolled off this facility’s assembly line. The commemorative aircraft, a NetJets Signature Series Phenom 300, was delivered to NetJets, a Berkshire Hathaway company and will be part of the company’s European fleet. NetJets and

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GE Capital Aviation Services completes purchase-and-leaseback deal with flydubai

GE Capital Aviation Services Limited (GECAS) announced delivery of a new, next-generation Boeing 737-800 aircraft to flydubai following a purchase and leaseback transaction. The aircraft expands flydubai’s fleet and was part of the airline’s existing order book with Boeing. flydubai currently operates a fleet of 46 aircraft to more than 95 destinations.

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Abu Dhabi Airports appoints Eng. Mohamed Mubarak Al Mazrouei as Chief Executive

Abu Dhabi Airports announced the appointment of H.E. Eng. Mohamed Mubarak Al Mazrouei as its Chief Executive Officer. Eng. Mohamed Mubarak Al Mazrouei possesses considerable experience in major infrastructure projects, and in the aviation and transportation sectors. He currently serves as a Board Member of Abu Dhabi Airports and is also a Board member of

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