12 March 2017

Avpro signs 8 remarketing agreements

Avpro reported the signing of eight remarketing agreements at Heli-Expo. Four EMS configured EC135 P2/T2+’s and one Utility A109E Power with International Technology Corporation Group (ITC); ITC-AeroLeasing. Additionally, Avpro entered into two exclusive remarketing agreements on a Sikorsky S76C+ and an S92A with two major financial institutions and one Agusta Grand with an undisclosed Middle …

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Airbus Helicopters wraps up successful Heli-Expo 2017 in Dallas

Airbus Helicopters showcased its best-selling light singles and light twins during Heli-Expo 2017 at the Kay Bailey Hutchison Convention Center in Dallas, Texas. The H125, H130, H135, and the H145, on display at the show, represented 351 bookings for Airbus Helicopters in 2016, and accounted for a vast majority of the deliveries of the civil …

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Major Australian and NZ airlines to form industry group to challenge airport fees

In light of a report from the Australian Competition and Consumer Commission (ACCC) which revealed that airlines and their passengers have, over the last decade, paid approaching US$1.6 billion more than they should have for airport access, major Australian and New Zealand carriers have formed an alliance with the intention of advocating on public policy …

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Passenger growth trend continues at Frankfurt Airport

In February 2017, more than four million passengers passed through Frankfurt Airport (FRA) – exceeding the previous February record achieved in 2016 by some 38,500 passengers (up 1.0%). Thus, the passenger growth trend experienced during the last three months at FRA also continued in the reporting month, despite the special effect resulting from the additional …

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CIT reaches agreement to sell stake in TC-CIT Aviation joint ventures

CIT Group, a provider of commercial lending and leasing services, has reached an agreement to sell its 30% ownership stake in the commercial aircraft leasing joint ventures TC-CIT Aviation Ireland and TC-CIT Aviation U.S., to its joint venture partner Tokyo Century Corporation (TC). The share purchase is expected to close on or prior to March …

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B/E Aerospace stockholders approve merger with Rockwell Collins

B/E Aerospace stockholders voted in favor of the proposal to adopt the previously announced Agreement and Plan of Merger, dated October 23, 2016 by and among B/E Aerospace and Rockwell Collins, at a special meeting of stockholders held on March 9, 2017. At the special meeting, approximately 99% of all votes cast, which represents approximately …

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FL Technics reports growing revenue accompanied by increasing diversification for 2016

FL Technics, a global provider of one-stop-shop aircraft maintenance, repair and overhaul services, has announced its yearly business review, displaying a stable, over 20% growth in revenues as well as continuing service and geographical diversification. Bouncing back from bankruptcy of a major client and a financial backdrop in the year 2015, FL Technics has managed …

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