24 April 2017

AAR promotes John M. Holmes to President & Chief Operating Officer

AAR has promoted John M. Holmes to President and Chief Operating Officer, AAR Corp., effective June 1, 2017. AAR’s Board of Directors also approved Holmes appointment to the Board, effective at its July 11, 2017 Board meeting. Holmes will continue to report to David P. Storch, AAR’s Chairman and Chief Executive Officer. Holmes joined AAR […]

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Dubai Aerospace Enterprise acquires AWAS to create top-10 aircraft leasing company

Through the signing of a definitive agreement, Dubai Aerospace Enterprise (DAE) has announced its intention to acquire the AWAS group of companies, a leading global aircraft leasing company. While terms of the transaction have not been disclosed, it is understood that it will be financed from funds managed by Terra Firma Capital Partners and the

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Chorus Aviation to acquire six ATR 72-600 aircraft on lease to Flybe and Virgin Australia

Chorus Aviation has reported agreements by Chorus Aviation Capital’s subsidiaries to acquire six ATR 72-600 aircraft with attached leases from Avation PLC. Three of these aircraft are currently on lease to U.K. carrier, Flybe, and three to Virgin Australia Airlines. The aircraft are between one and four years old and are the first ATRs added

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AeroVision International purchases initial Embraer E190 aircraft

AeroVision International has purchased an Embraer E190 aircraft, the first acquisition of this type for the company. The 100 seat aircraft was recently removed from active revenue passenger service and was purchased without engines. The aircraft, which will be disassembled for parts, represents AeroVision’s entry into parts and LRU support for EJet series aircraft. The

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HEICO Corporation reports 25% increase in credit facility

HEICO Corporation have increased its revolving credit facility to US$1bn, which is a US$200m, or 25%, increase to the Facility’s previous, US$800m limit. This Facility’s term expires in December 2018 and there are no maturities under the Facility until then. HEICO has used the Facility, which is available for general corporate purposes, principally to make

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SR Technics and IAA launch Material.Monetary.Solutions

MRO service provider SR Technics and International Aircraft Associates (IAA), a global commercial aviation service provider specializing in engine materials, have jointly introduced Material.Monetary.Solutions (MMS), a new service to help SR Technics engine customers reduce their material inventories. Combining the strengths of SR Technics and IAA, MMS is an integrated program where the two companies

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Successful GEnx-1B correlation tests in AFI KLM E&M test cell Zephyr

AFI KLM E&M’s engine test cell unit at Paris-CDG airport successfully carried out a series of GEnx-1B correlation tests. For almost a week, a stable performance engine, provided by KLM, was used in the test cell for the correlation tests. The correlation consists of the comparison of engine performance parameters measured on the same engine

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OEMServices opens subsidiary in the USA, OEMServices Americas

As one of the worldwide leaders in integrated OEM component services, inventory solutions and logistics services, OEMServices is expanding its global footprint in the United States and has unveiled the opening of its subsidiary, OEMServices Americas, based in Atlanta, Georgia. OEMServices, founded by four major European OEMs (Thales, Zodiac Aerospace, Diehl Aerospace and Liebherr), is

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