SpiceJet have rejected an equity-based bailout offer from Morgan Stanley, despite appearing to be traveling down exactly the same path as India’s now defunct Kingfisher Airlines. While the company’s financial future appeared optimistic back in August 2014, by the time December arrived it was clear the airline was in greater financial trouble than expected. SpiceJet […]
India’s SpiceJet rejects Morgan Stanley bailout offer Read More »
GKN Aerospace has been selected by Gulfstream Aerospace to supply the wing skins for its latest G500 and G600 ultra-long range business jets. In a long term contract GKN Aerospace is to produce the upper and lower wing skins for the development and production aircraft. The G500 and G600 upper wing skins are constructed in
GKN Aerospace wins Gulfstream contract to supply G500/600 wing skins Read More »
Aerolíneas Ejecutivas (ALE) introduced its new fleet of 6 Learjet 75 business aircraft with Canadian aircraft manufacturer, Bombardier. The event took place at ALE’s hangar and facilities at the Toluca International Airport. The aircraft are currently available for charter and will be operated through ALE’s MexJet fleet. With the addition of the Learjet 75 aircraft,
Boeing Commercial Airplanes has selected Liebherr-Aerospace to supply three components for the folding wing tip system of the Boeing 777X. The components chosen are the fold subsystem, the latch pin actuator and the secondary lock actuator. Relying on its experience in high-lift systems, gears, torque tubes and hydraulic power drive units, Liebherr-Aerospace will design a
Liebherr-Aerospace wins contract for Boeing 777X Read More »
VAS Aero Services, a global leader in aviation logistics and aftermarket services, reported that aviation industry executive William Kircher has been named Chief Executive Officer of the Florida-based company. A recognized professional with decades of experience in aerospace, Kircher has a strong background in repair and engine overhaul services, business operations, and international markets, while
VAS Aero Services appoints William Kircher as new CEO Read More »
Fintech Aviation Services Sarl has launched its first edition of the Single Aisle Aircraft Value (SAAV) Guide, enabling financiers, debt providers, owners and lessors of aircraft in the 50 – 240 seat sector to easily comprehend the position of their asset within this market. Fintech launched The SAAV guide to enable users to appraise their
AJW Aviation has been chosen by Cameroon Airlines Corporation (Camair-Co) to provide power-by-the-hour for its fleet of Boeing aircraft: B767-300 & B737-700. AJW will deliver full ATA Chapter support without exemptions hereby providing Camair-Co with the dispatch reliability, streamlined component management and aligned cost savings that they need to fulfil the airline’s operational objectives and
Monarch Aircraft Engineering, the engineering division of The Monarch Group, has been contracted to provide line maintenance technical handling to American Airlines. The contract, which commences in May, will see Monarch’s highly experienced engineering team support American Airlines Boeing 757-200 aircraft at Birmingham Airport in the UK. The American carrier, which is a new customer
Monarch Aircraft Engineering to provide line maintenance to American Airlines Read More »
In the first quarter of 2015, MTU Aero Engines AG increased its revenues by 20% to €1.099,5bn (1-3/14: €913.0m). The group’s operating profit rose by 10% to €97.7m (1-3/14: €89.0m). The EBIT margin amounted to 8.9%, compared with 9.7% for the same period in the previous year, and earnings after tax increased by 22% to
MTU Aero Engines starts 2015 with rise in revenues and earnings Read More »
SkyQuest International has arranged the successful sale of one Embraer EMB-120ER aircraft on behalf of JP Morgan Chase Bank, N.A. of Columbus, Ohio, US. The aircraft has been sold to Universal Turbine Parts, of Prattvile, Alabama, US. The 1999 aircraft, Serial Number 120301, is powered by Pratt & Whitney PW118 engines, and was delivered in
SkyQuest International arranges sale of one Embraer 120ER Read More »
