United Technologies has reached an agreement to sell its Sikorsky Aircraft business to Lockheed Martin for US$9bn in cash. The transaction, which is subject to regulatory approvals and customary closing conditions and adjustments, is projected to close by year-end or in the first quarter of 2016. Proceeds from the sale are expected to be used […]
Lockheed Martin to buy Sikorsky for US$9bn Read More »
Following the article published in the July 2015 edition of AviTrader MRO titled “The long march of the Middle East titans” ICF International would like to correctly state that: “While Etihad, Mubadala, and SRT all share the same owner – the govoverment of Abu Dhabi, Etihad is NOT owned by Mubadala, while SRT is. Therefore
C O R R E C T I O N to AviTrader MRO, July edition Read More »
Boeing released a new forecast showing continued strong demand for commercial airline pilots and maintenance technicians as the world’s airlines add 38,000 airplanes to the global fleet over the next 20 years. Boeing’s 2015 Pilot and Technician Outlook projects that between 2015 and 2034, the world will require 558,000 new commercial airline pilots and 609,000
Boeing forecasts rising demand for commercial airline pilots, technicians Read More »
Honda Aircraft Company announced today that it is expanding sales of the HondaJet for the first time to South America. Sales will begin in Brazil with the HondaJet making its first appearance at the 2015 Latin America Business Aviation Convention and Exhibition (LABACE) in São Paulo, Brazil, Aug. 11th to 13th. With the expansion into
Honda Aircraft Company expands sales of the HondaJet to South America Read More »
Air Lease Corporation announced long term lease agreements with Frontier Airlines, an ultra-low-cost carrier based in the United States, for two new Airbus A320-200s. These aircraft are from ALC’s order book with Airbus and will deliver in the second and third quarters of 2016.
Air Lease Corporation places two new Airbus A320-200s with Frontier Airlines Read More »
Boeing will recognize a charge on the KC-46 aerial refueling tanker program when it announces second-quarter 2015 results on July 22. The after-tax charge of US$536m reflects higher estimated engineering and manufacturing costs to complete development, certification and initial production of the tanker aircraft, while holding to the program schedule for initial production deliveries in
Boeing to recognize charge for KC-46 tanker program in second quarter Read More »
Avtrade’s 4 phase 300,000 ft² new Global Headquarters development sees completion of the Phase 2 Global Head Office. Commissioned due to Avtrade’s growth and response to future expansion plans, the new head office boasts a state of the art contemporary design and will accommodate Avtrade’s 200+ UK based staff. Situated in Sayers Common, 20 minutes
Expansion of Avtrade UK with completion of new Global Head Office Read More »
Following the recent news of IBA’s new investors, the team announced the appointment of two new Aviation Analysts. Alastair Fallon and Marlon Tull join IBA this month, further strengthening the busy consultancy team and supporting the Company’s ongoing growth strategy.
IBA Group expands consultancy team to support business growth Read More »
OEMServices celebrated the official opening of its new service center and headquarters. More than 100 prestigious guests, airlines, OEM and officials were invited to visit the new facilities and share a festive moment between major players of the aerospace industry. Connected to Roissy CDG, this new platform provides 70,000 ft² dedicated to OEMServices’ customers. The
OEMServices opens new service center in Paris CDG Read More »
International AirFinance Corporation (IAFC) selected Rolls-Royce to provide Trent 700 engines, worth US$930m, for 20 Airbus A330 Regional aircraft. Moulay Omar Alaoui, International AirFinance Corporation, President and CEO, said: “We selected the Trent 700 as the best solution in terms of economics and reliability.”
International AirFinance Corporation selects Trent 700 engines Read More »
