Indonesia’s airlines struggling to meet safety concerns after 2014 audit revelations

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Like a number of Asian countries, Indonesia is struggling to maintain internationally accepted safety standards, established by the ICAO, as demand for flights continues to increase. By 2034 this demand is expected to triple according to IATA. The country’s situation has not been helped with a number of recent major accidents including the crash of […]

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HEICO acquires leading F-16 spares manufacturer

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HEICO Corporation has acquired 80.1% of Aerospace & Commercial Technologies (ACT), a leading provider of products and services necessary to maintain up-to-date F-16 fighter aircraft operational capabilities. ACT’s leadership team will continue to own 19.9% of ACT. The purchase price and financial details were not disclosed. HEICO stated that it expects the acquisition to be

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Qantas selects GEnx engines to power new Boeing 787-9 Dreamliners

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Qantas chose the GEnx-1B engine to power its recently ordered eight Boeing 787-9 Dreamliners. This engine order is valued at more than US$400m list price. Deliveries will begin in 2017.

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Certification tests over 80% complete for Bombardier C Series aircraft

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Bombardier reported that its all-new CS100 has performed over 80% of the required certification tests with more than 2,250 flight test hours to date. The C Series aircraft is currently undergoing noise performance testing and is expected to meet those targets, making it the quietest commercial jet in production. Bombardier also confirmed that one of

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Qantas announces strong full year profit

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Qantas posted its strongest profit since before the Global Financial Crisis, a AU$505m capital return to shareholders and a Boeing 787 Dreamliner order to start a new era for Qantas International. For the 12 months to 30th June 2015, Qantas reported an Underlying Profit Before Tax of AU$975m and a Statutory Profit Before Tax of

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Exchange Income Corporation names new Chief Financial Officer

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Exchange Income Corporation, a diversified, acquisition-oriented company focused on opportunities in the aviation and manufacturing sectors, reported that its new Chief Financial Officer will be Ms. Tamara Schock. Ms. Schock is a Partner at Deloitte LLP where she has worked for most of her nearly 20 year professional accounting career. She has extensive experience dealing

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GE Capital Aviation Services delivers leased Boeing 767-300ER to Icelandair

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GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, delivered a leased Boeing 767-300ER aircraft to Icelandair. Icelandair currently operates a fleet of 24 passenger aircraft from its Iceland hub to connect 26 cities in Europe with 14 cities in North America.

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Pan Am International Flight Academy approved by FAA to provide ATP-CTP training

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Pan Am International Flight Academy has been approved by the Federal Aviation Administration (FAA), effective immediately, to conduct the Airline Transport Pilot Certification Training Program (ATP-CTP), a new training requirement for pilots wishing to qualify for the FAA Airline Transport Pilot exam. Increased safety was the number one goal in the FAA changes made which

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