27 January 2016

Share value tumbles as Boeing forecasts 2016 earnings below estimates

Shares fell by up to 10% and reached a 52-week low after Boeing announced the Company’s forecast for 2016, figures not helped by the results of the financial performance for Q4 2015. Last week’s announcement that Boeing will be taking a charge for slowing production of the 747-8 certainly contributed to the weaker-than-anticipated profit for […]

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Brad Forsyth to resign as Willis Lease CFO

Willis Lease Finance released that Brad Forsyth will be resigning as Chief Financial Officer, effective February 18th, 2016. A search for a permanent replacement has been initiated. Following Mr. Forsyth’s departure and during the Company’s search for a permanent replacement, functions previously performed by Mr. Forsyth will be managed with existing personnel. The Company also

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Boeing Shanghai signs maintenance agreement with Thomas Cook Airlines

Boeing Shanghai Aviation Services signed a maintenance agreement with Thomas Cook Airlines for Boeing 767 fleet maintenance. With this contract, Boeing Shanghai has expanded its airplane maintenance services to the United Kingdom. The first Thomas Cook 767 was inducted for C-check in October, followed by one airplane in November and one in 2016 at Boeing

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First China Airlines A350XWB takes shape on Airbus’ Final Assembly Line

Assembly of the main airframe sections of the first A350 XWB for China Airlines is advancing at Airbus’ Final Assembly Line (FAL) in Toulouse, France. This involves the assembly of the wing-fuselage junction, the installation of the tailplane and also the tailcone. The aircraft will then be moved to the next assembly station for structural

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Nova-Tech Engineering to provide fourth A320 Family production line in Hamburg, Germany

Nova-Tech Engineering, a leader in the design and manufacture of aerospace tooling and automation, has received an order from Airbus to provide a fourth production line for the final assembly of A320 family of aircraft to its Hamburg, Germany plant. Nova-Tech is responsible for providing all components of the new production line, including the equipment

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Hawaiian Holdings reports 2015 fourth quarter and full year financial results

Hawaiian Holdings, parent company of Hawaiian Airline, reported its financial results for the fourth quarter and full year 2015. GAAP net income in the fourth quarter grew to U$37.9m, a year-over-year increase of US$26.8m. For the full year, GAAP net income grew to US$182.6m, a year-over-year increase of $113.7m. Adjusted net income in the fourth

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AEI signs contract for B737-400SF freighter converstion

Aeronautical Engineers (AEI) has signed a contract with an aviation fund for an 11 pallet position B737-400SF freighter conversion. The aircraft, built in 1992 (MSN 26071) is a high gross weight B737-400 and is being converted by Commercial Jet in Miami, Florida. The conversion commenced modification on January 11th and will be re-delivered to the

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Component Control launches new website

Component Control has launched its newly designed website updated with a modern appearance and easier navigation. Component Control’s new website is a one-stop, 24-hour source for in-depth information about the company’s Quantum Control MRO and Logistics software. “Our customers have always appreciated all of the information that we provide on our website. Over the years,

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