In a move designed to allow the Airbus board sufficient flexibility to distribute part of the proceeds from divestments, the Airbus Group intends to ask its shareholders to approve an exceptional share buyback of up to 10% of its capital at its annual meeting scheduled for May 27th. This exceptional buyback is totally separate from […]
Airbus plans 10% share buyback and to adopt European Company status Read More »
MTU Maintenance is celebrating 15,000 completed engine shop visits since the foundation of the company 35 years ago. The jubilee engine, a CF34-10E was delivered to Aeroméxico Connect which has been a customer of MTU Maintenance since 2010. MTU Maintenance is one of the top 5 engine maintenance, repair and overhaul (MRO) providers in the
MTU Maintenance completes 15,000 engine shop visits Read More »
Hamburg-based maintenance, repair and overhaul (MRO) provider Lufthansa Technik AG and U.S. low-cost carrier Frontier Airlines have signed a comprehensive long-term component supply agreement for the airline’s current and future fleet of Airbus A320 aircraft. The contract will run through November, 2024. The Total Component Support (TCS) agreement covers component overhaul and engineering services as well as
Global Eagle Entertainment (GEE), a market-leading media and connectivity company to the travel industry reported that Southwest Airlines has chosen GEE’s Ku-band global satellite connectivity system to be factory installed on its orders for the Boeing 737 MAX. Southwest is Boeing’s launch customer for the 737 MAX program and expects to take the first deliveries
Air Lease Corporation (AL) announced a long term lease agreement with Aeromexico for one new Boeing 787-9 aircraft. This aircraft is from ALC’s order book with Boeing and is scheduled for delivery in fall 2016.
Air Lease Corporation announces lease placement of new Boeing 787-9 with Aeromexico Read More »
LOT ended 2014 in the black. With more than PLN 99 million (US$26 m) profit on its core business of flying, LOT earned 40% more than it planned. This is the company’s first profit in seven years. The company owes its positive results to consistent changes and initiatives included in the Restructuring Plan. Most of them
LOT Polish Airlines posts 2014 profit on core business Read More »
Production rates for jet engines and components from GE Aviation and its partner companies continue at historically high rates, driving GE’s installed base of jet engines in revenue service to unprecedented levels. The jet engine backlog for GE and its partner companies (mostly notably CFM International) exceeds 15,000 jet engines. GE Aviation’s total industrial backlog now
GE Aviation business base growing Read More »
CFM International is granting licenses to three world-class tooling suppliers to support the advanced new LEAP engine. Customers will be able to purchase all LEAP line maintenance and overhaul shop tooling from AGSE, Dedienne Aerospace, and Rhinestahl. The arrangement allows LEAP operators to compare offers from all three fully-licensed suppliers and select the one best suited
CFM names LEAP tooling suppliers Read More »
Republic Airways awarded Embraer Aircraft Maintenance Services (EAMS) with a three-year extension of its heavy maintenance contract for work performed at the EAMS facility, located in Nashville, TN. EAMS will continue to provide airframe maintenance, modifications and repair services for Republic’s Embraer fleet under a contract that was initially signed in May 2011.
Embraer Aircraft Maintenance Services signs contract extension with Republic Airways Read More »
NORDAM and GE Capital Aviation Services Asset Management Services (GECAS AMS), the recertified commercial aircraft components solution of GECAS, announced their partnership to provide airline customers with flight control systems begins July 1st. The program begins with Airbus A320 flight controls, which are stocked in Tulsa, Okla., and Victorville, Calif. locations. It will expand soon
NORDAM and GECAS partnership for flight controls begins in July with A320 parts Read More »
