It was in January 2015 that Qatar Airways first acquired a stake in International Consolidated Airlines Group (IAG), buying 9.9% of the company for approximately £1.2 billion (US$1.7 billion), shortly after which it increased this stake to 10.01%. In May this year it increased that stake to 15.01% with the acquisition of a further 5% […]
Quatar Airways increases stake in IAG to 20% in just over 18 months Read More »
For first-half 2016, Safran’s revenue was €8,936m, up 6.3%, compared to €8,403m in the same period a year ago. This €533m increase reflects growth in Aerospace (propulsion and equipment) and in Security. On an organic basis, Group revenue increased by 6.5%, or €547m. Organic revenue was determined by applying constant exchange rates and by excluding
Safran delivers strong performance in first-half 2016 Read More »
RUAG Aerostructures and Airbus sealed their cooperation by signing a contract for long-term cooperation at the aviation trade fair in Farnborough. The contract comprises the production of assemblies for the A320 family and the Airbus A330 and includes deliveries over a period of at least five years. RUAG Aerostructures provides the rear fuselage section (“section
RUAG signs long-term contract with Airbus Read More »
Manila-based Cebu Pacific has placed a firm order with Airbus for two A330-300s. The aircraft will join an existing fleet of six A330s flying with the airline on long range flights to destinations in the Middle East and Australia, as well on selected domestic and regional routes. Cebu Pacific currently operates 49 Airbus aircraft, including
Cebu Pacific places order for two A330-300s Read More »
Fraport AG Frankfurt Airport Services Worldwide (Fraport AG) and its consortium partners at Pulkovo Airport reached an agreement to sell part of their shares in Thalita Trading (Thalita) to Qatar Investment Authority (QIA). Thalita is the parent company of Northern Capital Gateway consortium, which has the 30-year concession for operating Pulkovo Airport (LED) in St.
Fraport to sell partial stake in Thalita Trading Read More »
Alaska Airlines plans to build a new US$40m airplane maintenance facility at the site of the current Signature Flight Support building on Old International Airport Road. Located on the east side of the Ted Stevens Anchorage International Airport, the new hangar is located about a half mile from Alaska’s existing 37,500-ft² facility. The hangar is
Alaska Airlines to build new US$40m maintenance facility in Anchorage, Alaska Read More »
STS Line Maintenance, a division of STS Aviation Group, has opened a new line maintenance station in Nassau and will now provide on-call and scheduled aircraft services to all commercial and regional carriers at every airport throughout the Bahamas. The new line maintenance station is powered by a highly trained Bahamian staff, all of whom
STS Line Maintenance opens new station in Nassau Read More »
BOC Aviation announced its latest transaction with P.T. Lion Mentari comprising two Boeing 737-800 and two 737-900ER aircraft. The first of the two 737-900ER aircraft in the transaction was delivered on 28 July 2016. BOC Aviation has provided purchase-and-leaseback solutions to Lion Air Group since 2012, covering more than 20 Boeing 737NG aircraft.
BOC Aviation delivers first of four Boeing aircraft to P.T. Lion Mentari Read More »
Volo Aero MRO has received its revised FAA operations specifications allowing for the repair and overhaul of Rolls Royce 501D engine components. This increase in ratings is in addition to its established capabilities to provide precision grinding services and is the next step Volvo Aero MRO’s expansion plans. Volo Aero MRO is an FAA certified
Volvo Aero MRO receives revised FAA operations specifications Read More »
