12 December 2017

Tokyo Century Corporation to invest in Aviation Capital Group

Aviation Capital Group (ACG) has announced that its parent company, Pacific Life Insurance Company, has closed a transaction with Tokyo Century Corporation (TC) that results in an investment by TC for a 20% membership interest in ACG. In addition to this initial investment, TC has agreed to provide additional capital to ACG to help accelerate […]

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Pratt & Whitney inks 12-year EngineWise Fleet Management Agreement with S7 Airlines

Pratt & Whitney and S7 Airlines have signed an agreement for a 12-year Pratt & Whitney EngineWise™ Fleet Management Program. The agreement will cover S7 Airlines’ fleet of 30 Airbus A320neo and A321neo family of aircraft powered by the Pratt & Whitney PurePower® Geared Turbofan™ (GTF) PW1100G-JM engines.

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Boeing board establishes US$18bn share repurchase authorization

The Boeing board of directors has replaced the existing share repurchase program with a new US$18bn authorization. The company this year has repurchased US$9.2bn worth of its shares from the US$14bn authorization approved in December 2016. The new repurchase program replaces the existing one, bringing the total authorization to US$18bn. The timing and volume of

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U.S. Department of Commerce invests US$1m to establish new aviation and engineering research center in Florida

A new project at Embry-Riddle Aeronautical University, funded by a US$1m grant from the U.S. Department of Commerce through its Economic Development Administration (EDA), is expected to create 387 new jobs and spur US$1.6m in private investment. On Dec. 11, U.S. Secretary of Commerce Wilbur Ross announced that a US$1m award to Embry-Riddle will be

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Rolls-Royce launches R2 Data Labs to accelerate data innovation

Rolls-Royce has launched R2 Data Labs, to act as an acceleration hub for data innovation. The new organisation, which brings together expertise from across the business, builds on 30 years of data-led services and business model innovation. Using advanced data analytics, industrial Artificial Intelligence and machine learning techniques, R2 Data Labs develops data applications that

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Dassault Aviation awards Daher construction of new logistics platform near Paris-CDG Airport

A longstanding industrial and supply-chain partner to Dassault Aviation, Daher is expanding its third-party logistics (3PL) services to the aircraft manufacturer for spare parts for civil aviation aircraft. The contract between Dassault Aviation and Daher provides for the construction of a Daher logistics platform with HQE environmental certification in the Aerolians Paris business park. This

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Lufthansa Group airlines change assignment rules for Miles & More rewards

As of March 12, 2018, Airlines in Lufthansa Group are changing how travelers will be rewarded through the Miles & More reward program. This means the number of award miles to be credited will be based on the flight’s price plus any additional fees charged by the respective airline, and on the frequent flyer status

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