Technodinamika to open Russian component repair centre in 2016

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In anticipation of gaining EASA Part 145 and Russia’s FAP 145 certificates in February 2016, Technodinamika is set to open a component maintenance center close to Moscow’s Vnukovo International Airport, with the Company confirming that the space is ready. As part of Russian state-owned Rostec, Technodinamika was created back in 2009 from 36 individual companies […]

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China Postal Airlines signs purchase agreement for 10 Next-Generation 737 Boeing Converted Freighters

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China Postal Airlines signed an agreement for 10 Next-Generation 737 Boeing Converted Freighters (BCFs), pending a program launch. The 737-800 is the first Next-Generation 737 that Boeing will offer for conversion. Through the 737 BCF program, Boeing will support customers in the narrow-body freighter market, a segment of the freighter market growing quickly around the

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Boeing Board raises share repurchase authorization to US$14 bn, increases dividend 20%

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The Boeing board of directors has raised the company’s authorization for its share repurchase program to US$14bn and declared that the company’s quarterly dividend will increase 20% to $1.09 per share. The new US$14bn repurchase authorization replaces the US$12bn authorization approved last December, of which US$5.25bn remained. Share repurchases for 2015 have been completed for

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Goodyear wins Boeing 777X aircraft production supply contract

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The Goodyear Tire & Rubber Company (GT) has been selected by Boeing to provide main nose and landing gear tires for its new 777X aircraft, which is scheduled for delivery in 2019. uilding on the success of the Boeing 777 and 787 Dreamliner, the Boeing 777X will be the largest and most efficient twin-engine jet

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V Air steps into Japan market with Taipei- Nagoya route

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V Air, a Taiwan-based LCC, enters the Japan market by launching its first Taipei-Nagoya service on December 15th. The inaugural flight ZV202 departed from Taipei Taoyuan International Airport, carrying 162 passengers, with an 85% load factor. Taipei-Nagoya route is the 4th scheduled service of V Air, marking a new milestone on the carrier’s one-year anniversary.

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GECAS and Virgin America sign lease agreement for 10 Airbus A321neo aircraft

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GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, has signed an agreement with Virgin America, to lease 10 new Airbus A321neo aircraft powered by CFM’s LEAP-1A engines to expand the carrier’s fleet. The first aircraft is scheduled for delivery in Q1 2017 and the remainder will deliver in 2017

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Air Astana gets full safety clearance in latest EU Air Safety List

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Air Astana, the flag carrier of Kazakhstan, reported that it has officially been removed from a list of airlines that have faced operating restrictions in the EU. In July 2009 all carriers of Kazakhstan were banned from operating to Europe while Air Astana was the only exception. The EU’s Air Safety Committee had recognised that

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mba provides maintenance cash flow forecast for CLAS US$713m ABS deal

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Morten Beyer & Agnew (mba) provided Castlelake, L.P. with Maintenance Cash Flow Forecast and General Market Analysis for their Aircraft Securitization Trust (“CLAS 2015-1”) consisting of fifty-four aircraft and six engines (the “Portfolio”), subject to twenty-three operators, spanning eighteen different countries. CLAS 2015-1 was made public last week totaling US$713m in asset backed debt. The

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Norwegian Group expands cooperation with Lufthansa Technik

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The Norwegian Group has extended the Total Base Maintenance Support TBS contract with Lufthansa Technik for its Boeing 737-800 fleet ahead of time. The MRO contract covering Boeing 787 wheels and brakes has also been expanded. Norwegian and Lufthansa Technik signed the first contract for a TBS covering the airline’s Boeing 737-800 fleet already in

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Skyworld Aviation arranges the sale of an ATR 72-202 to Summit Air