After being transferred from state to regional ownership, in 2008 Grabtsevo airport was purchased by Volkswagen Russia, a subsidiary of the Volswagen Group. The region is a mecca for industry, and especially the automotive sector, with major manufacturers including Volkswagen, Citroen, Mitsubishi, Volvo and Peugeot having invested heavily in the area. In 2012 it was […]
Fokker Services has officially launched its Component Availability program ABACUS not only on Dash 8 Q100/Q200/Q300 turboprops and all Fokker aircraft but now also on CRJ700/900/1000 aircraft. ABACUS is supporting more than 200 aircraft and serving more than 30 operators of regional aircraft such as the Dash 8, Fokker 100 Fokker 70 and Fokker 50
TransDigm Group Incorporated completed the acquisition of the assets of the aerospace business of Pexco (“Pexco Aerospace”), a portfolio company of Odyssey Investment Partners, for approximately US$496m in cash. The acquisition was previously announced on April 30th, 2015. Pexco Aerospace is a global leader in the manufacturing of extruded plastic interior parts for use in
TransDigm completes acquisition of aerospace business of Pexco Read More »
Bombardier Business Aircraft confirmed that current economic conditions and geopolitical issues in some market regions, such as Latin America, China and Russia, have impacted order intake levels industry-wide. As a result, Bombardier Business Aircraft will reduce its production rate for Global 5000 and Global 6000 aircraft. Approximately 1,750 employees – up to 1,000 in the
Bombardier adjusts Global 5000 and Global 6000 aircraft production rate Read More »
Jet Aviation St. Louis has designed and commissioned the manufacture of a testing machine for flutter dampers on Challengers, becoming one of very few facilities in North America capable of testing flutter dampers. The machine went into service in April, allowing Jet Aviation St. Louis to complete testing of flutter dampers in three to four
Jet Aviation St. Louis designs testing machine for flutter dampers on Challengers Read More »
Raytheon has delivered the first operational hardware for the Global Positioning System’s Next Generation Operational Control System, known as GPS OCX, completing a key milestone in the program. GPS OCX is the ground command and control system that will manage GPS satellites with significantly improved accuracy and precision, while providing unprecedented levels of cyber protection.
Raytheon delivers first GPS OCX hardware shipment to Air Force Read More »
Boeing and TUI Group, one of the world’s largest integrated leisure travel companies, have finalized an order for one 787-9 Dreamliner with an option for one further 787-9. The order is valued at US$257m at current list prices. TUI Group also announced that it will substitute two unfilled orders for 787-8s for two 787-9s. The
Boeing, TUI Group finalize order for 787-9 Dreamliner Read More »
Aircastle reported that it extended the maturity of its existing unsecured revolving credit facility. The facility, which will be used for working capital, including the acquisition of aircraft, is for US$600m and will now expire on May 13, 2019. Mike Inglese, Aircastle’s CFO, stated, “We appreciate the strong continued support of our bank group and
Aircastle announces extension of US$600m revolving credit facility to May 2019 Read More »
Vector Aerospace, a global independent provider of aviation maintenance, repair and overhaul services, announced the opening of its new MRO facility in Singapore and concurrently the signing of a 3 year MOU with the Republic Polytechnic of Singapore. The new 5,200 m² Vector Aerospace state of the art facility will be a Pratt & Whitney
Vector Aerospace opens new MRO facility and signs MOU with Republic Polytechnic Read More »
