In a bid to strengthen its position in the Chinese airline industry, HNA Group intends to make an investment of AU$159 million (US$114 million) in the acquisition of a 13% stake in Virgin Australia. Currently HNA Group’s airline, Hainan Airlines, has no scheduled flights to Australia, unlike state-backed China Southern and China Eastern. According to […]
China’s HNA Group poised to buy 13% stake in Virgin Australia Read More »
AerCap Holdings announced that its Board of Directors has authorized a new US$250m share repurchase program, which will run through September 30, 2016. This program is in addition to the US$400m share repurchase program announced on February 23, 2016, which runs through June 30, 2016. Repurchases under the program may be made through open market
AerCap Holdings N.V. authorizes share repurchase program of US$250m Read More »
GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, delivered a new leased Boeing 787-9 aircraft powered by General Electric GEnx engines to Air Canada as part of a purchase-and-leaseback transaction with the airline. A second new 787-9 aircraft is scheduled for delivery to Air Canada in June. Both aircraft
GECAS delivers first of two new leased Boeing 787-9s to Air Canada Read More »
Vector Aerospace, a global independent provider of aviation maintenance, repair and overhaul (MRO) services, has secured a contract from Aero Asahi to perform an Airbus Helicopters AS355 F2 12-year major inspection, including wiring, refurbishment and exterior paint. This will be the latest of several AS355 refurbishments that Vector has performed for Aero Asahi over the
Vector Aerospace to conduct AS355 12-year inspection for Aero Asahi Read More »
Romanian aerospace company Aerostar S.A., has released its financial results for 2015, recording another successful year, with turnover up 21% and net profits increased by a substantial 61%. Exports represented some 77% of turnover, there was continued investment in plant and machinery and training, with employment remaining stable at just over 2000 people. During 2015
Aerostar releases financial results for 2015 Read More »
Satcom Direct was the first business aviation distribution partner to prove its services and transmit data over Inmarsat’s new Ka-band Global Xpress network via the Inmarsat-5 F-1, F-2 and F-3 satellites. Now, it is the first to activate Jet ConneX service for business aviation customers. Jet ConneX is the high-speed broadband service for business aviation
Cargo conversion company, PEMCO World Air Services (PEMCO), has redelivered its first B737-400 passenger-to-freighter (P2F) aircraft (MSN 25113) to Salam Aviation. The P2F aircraft for Salam Aviation, an aviation consultancy specializing in acquisitions, financing and logistics support, is set to be in service in the coming weeks. Performed at PEMCO’s headquarters at Tampa International Airport,
PEMCO redelivers 1st converted aircraft to Salam Aviation Read More »
The A320neo powered by CFM International’s LEAP-1A engine has received Type Certification from the European Aviation Safety Agency (EASA) and the U.S. Federal Aviation Administration (FAA), paving the way for delivery of the first A320neo equipped with the LEAP engine in mid-2016. Airbus selected the LEAP-1A as an option for the A320neo in December 2010.
A320neo with CFM LEAP-1A engines receives joint EASA / FAA certification Read More »
Verotec has supplied 6 Slot horizontal 3U 19 inch VMEbus chassis, configured to the project’s requirements, to UTC Aerospace Systems, a US-based global supplier of technologically advanced aerospace products. Based on one of Verotec’s standard modular integrated system designs to reduce development time and cost, the 24 inch (600 mm) extended depth 3U chassis provides
Verotec supplies 6 Slot horizontal 3U 19 inch VMEbus chassis to UTC Aerospace Systems Read More »
Mitsubishi Aircraft Corporation and Mitsubishi Heavy Industries (MHI) conducted the first flight of the second flight test aircraft (FTA-2) of the MRJ (Mitsubishi Regional Jet), their next-generation regional jet on May 31st. FTA-2 took off from Nagoya Airport and confirmed its basic characteristics and functionality in airspace off the Pacific coast. FTA-2 will carry out
MRJ's FTA-2 completes first flight Read More »
