Introduced in 2011, aviation taxes in Austria have become a burden for the Austrian aviation industry and are understood to have had a substantial negative impact on tourist numbers. This situation will now be partially rectified through two 25% reductions in these taxes in 2017 and 2018 respectively. Currently, passengers boarding a plane in Austria […]
Aviation taxes to be cut by Austrian Government Read More »
Boeing has presented its Current Market Outlook for the Southeast Asia and Oceania regions last week, during the Association of Asia Pacific Airlines’ 60th annual Assembly of Presidents meeting in Manila. Over the next 20 years, the company forecasts a demand for 3,860 new airplanes, valued at US$565bn, in Southeast Asia; while an investment of
Boeing forecasts demand for 3,860 new airplanes in Southeast Asia Read More »
Lockheed Martin was awarded a US$1.2bn contract to upgrade 134 F-16 aircraft for the Republic of Korea Air Force (ROKAF). The upgrades are based on the advanced F-16V configuration. Among the enhancements are an Active Electronically Scanned Array (AESA) radar, a modern commercial off-the-shelf (COTS)-based avionics subsystem, a large-format, high-resolution center pedestal display and a
Lockheed Martin Awarded US$1.2bn to modernize Republic of Korea F-16s Read More »
Flying Colours Corp., the North American MRO, completion and refurbishment specialist, has delivered two CRJ 200 aircraft conversions to Resorts World of Malaysia. The CRJ200 regional airliners have been converted from regular airline format to corporate shuttle configuration and will be used by Resorts World to transport customers between its leisure resorts in Malaysia. The
Flying Colours delivers two CRJ aircraft conversions to Malaysia’s Resorts World Read More »
Embraer has received the Provisional Type Certificate for the KC-390 Basic Vehicle, issued by the Instituto de Fomento e Coordenação Industrial – IFI (Industrial Fostering and Coordination Institute), the Brazilian Air Force organization responsible for military certification, attesting that the KC-390 in this basic configuration complies with the certification basis requirements. The joint work of
Embraer receives Provisional Type Certificate for the KC-390 Basic Vehicle Read More »
AerCap Holdings has completed the closing of a new US$0.6bn secured credit facility. The facility will primarily be used to acquire new narrowbody and widebody aircraft as they deliver from Boeing and Airbus through 2017. The facility was signed to finance a portfolio of eight aircraft and matures in 2024. The total amount of financing
AerCap announces closing of new US$0.6bn credit facility Read More »
Dutch private equity firm Antea acquired a 30% stake in Aircraft Part-Out Company Europe B.V. (APOC Aviation). APOC Aviation is located in Delft, The Netherlands. It is engaged in the supply of spare parts for the aircraft industry. The company purchases aircrafts that have been taken out-of-service, outsources the disassembly and then sells the parts.
Dutch private equity firm Antea invests in APOC Aviation Read More »
Magnetic MRO, Estonia-headquartered Total Technical Care company, announced today of the upcoming changes in its leadership team. From December 1st, 2016 Risto Mäeots will be promoted from his current Chief Operating Officer position to the Chief Executive Officer position and will resume responsibility for overall company direction. Incumbent company CEO Jonas Butautis will move to
Magnetic MRO appoints Risto Mäeots as new Chief Executive Officer Read More »
Aergo Capital has acquired the ownership interest in a BVI entity which holds the ownership interest in four Bombardier Q400 NextGen aircraft. The existing financing with Export Development Canada will remain in place. The four 2014 vintage aircraft bear Manufacturers Serial Numbers’ 4469, 4472, 4475 and 4476. All four aircraft are on long term operating
In the pursuit of maximum efficiency on the E2 platform, each E-Jet E2 has its own optimized wing. The E195-E2 wing has the highest aspect ratio (one measure of aircraft fuel efficiency) among single-aisle jets. The new wing also means a new wing box. The wing and wing box are examples of the “Smart” approach
E195-E2 Wing Box ready for assembly Read More »
