9 June 2016

Delta Airlines and Burnham Sterling close US$450m in private placements

Burnham Sterling & Co., a financial advisor specializing in asset financing, has closed a US$450m private placement for the world’s second largest airline, Delta Air Lines. Burnham Sterling and affiliates have now financed 48 mainline aircraft and raised over US$1bn in private placement transactions directly for Delta Air Lines.

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Hainan Airlines takes delivery of first 787-9 Dreamliner

Hainan Airlines took delivery of the carrier’s first 787-9 Dreamliner. Hainan becomes China’s first operator of both the 787-8 and 787-9 variants of the Dreamliner family. Hainan Airlines, the largest privately owned airline in China, leased the airplane through an agreement with Air Lease Corporation (ALC). The delivery is also the first 787-9 Dreamliner to

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Dassault Systèmes and Airbus Group extend collaboration to additive manufacturing

Dassault Systèmes reported that Airbus Group, after a two-year comprehensive benchmarking process, is extending its use of Dassault Systèmes’ 3DEXPERIENCE platform to its additive manufacturing programs integrating design, simulation and production. Airbus Group will deploy Dassault Systèmes’ collaborative design and simulation applications as part of the “Co-Design to Target” industry solution experience, for the additive

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PPG enhanced sliding cockpit windows selected by Airbus for A320neo delivery

Airbus has selected PPG enhanced-design sliding cockpit windows for installation in an A320neo airplane. After the aircraft is delivered, PPG will work with Airbus and the Federal Aviation Administration (FAA) to gain Parts Manufacturer Approval (PMA) to sell windows directly to airlines as replacements in the aftermarket in place of the current design. “PPG worked

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Panasonic Avionics offering global tracking to all SATCOM customers

Panasonic Avionics announced that it is offering worldwide satellite tracking to all Global Communications Services and FlightLink customers. The company’s Global Communications Services and FlightLink solutions, when combined with Panasonic’s AirMap application, immediately satisfy ICAO’s Global Aeronautical Distress and Safety System definitions for both normal and abnormal tracking. Paul Margis, President and Chief Executive Officer

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Horizon Air and Turbo Resources sign 3-year consignment agreement

Horizon Air and Turbo Resources, a privately held and operated provider of high quality, certified aeronautical parts, have signed a three year exclusive consignment agreement to sell Horizon Air’s excess Q400 material. Since 1984, Turbo Resources has served airlines, MROs, OEMs, lessors and brokers with an inventory of over 500,000 individual line items.

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