10 August 2015

Buffet makes biggest ever investment in buying Precision Castparts for US$37.2bn

Known as the Sage of Oregon, Warren Buffet, owner of investors Berkshire Hathaway, has continued his heavy investment in American companies. This time he has used over half of his company’s financial resources of $67bn with the purchase of Portland, Oregon-based Precision Castparts, which manufactures nuts, bolts and other fasteners, commercial and military airframe aerostructures, […]

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JetBlue appoints Steve Priest Vice President, Structural Programs

JetBlue appointed Steve Priest to the role of Vice President, Structural Programs. Priest joins JetBlue effective August 10th and will report to JetBlue’s Chief Financial Officer, Mark Powers. In his new role, Priest will be responsible for leading many of JetBlue’s large-scale strategic and structural initiatives. He will play a critical cross-functional role assisting the

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TAT Technologies intents to acquire Chromalloy Israel

TAT Technology, a leading provider of services and products for the commercial and military aerospace and ground defense industries, has entered into a definitive agreement to acquire Chromalloy Israel for approximately US$3.5m (subject to certain price adjustments) in cash payable at the closing of the transaction. TAT shall pay additional amounts of up to US$

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United Airlines launches 'United Ground Express'

United Airlines launched United Ground Express, a wholly owned subsidiary, to provide ground handling services at select airports. Although it is a separate company from United Airlines, United Ground Express will align with United’s flyer friendly customer service philosophy. United Ground Express recently began recruiting to place qualified applicants in available positions and launched a

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Boeing to support British Airways 787 Dreamliners with component services

Boeing has signed a contract with British Airways to provide component services for its 787 Dreamliner fleet. Under the 12-year agreement, Boeing will supply British Airways 787s with a carefully selected pool of high-value parts, enabling the airline to reduce its inventory management costs while improving component availability. Component Services, part of Boeing GoldCare, offers

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Bohai Leasing enters agreement with Avolon to acquire 100% interest in Avolon for US$32 per share

Avolon, the international aircraft leasing company, has entered into an Exclusivity Agreement with Bohai Leasing granting Bohai exclusivity to negotiate with Avolon until September 7th, 2015 with respect to the possible acquisition of 100% of the issued and outstanding common shares of Avolon at a price of US$32 per share. During the Exclusivity Period, Bohai

Bohai Leasing enters agreement with Avolon to acquire 100% interest in Avolon for US$32 per share Read More »

NordStar Airlines signs GTA with AJW Engines to manage engine shop visits

NordStar Airlines has signed a GTA with AJW Engines to provide engine shop visit management services for CFM56-7B engines. AJW Group has worked with the airline for several years providing specialist component support; however this is the first time that AJW Engines’ specialist services have been integrated into the programme. An experienced team of professional

NordStar Airlines signs GTA with AJW Engines to manage engine shop visits Read More »

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