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 […]
Tokyo Century Corporation to invest in Aviation Capital Group Read More »
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.
Pratt & Whitney inks 12-year EngineWise Fleet Management Agreement with S7 Airlines Read More »
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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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
The third H160 prototype has received a fresh coat of paint and now features a striking “carbon” livery design as a nod to the Airbus A350 XWB, MSN2 flight-test aircraft. Both aircraft are produced using advanced composite materials supplied by Airbus’ long term partner, Hexcel. The H160 is the first civil helicopter equipped with a
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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
Rolls-Royce launches R2 Data Labs to accelerate data innovation Read More »
At its Investor and Analyst Day 2017, MTU Aero Engines AG provided an outlook for the period to 2025. 2017 marks the end of the company’s most substantial investment phase, from which it emerged with an increased adjusted EBIT margin. In 2018, MTU will move into a consolidation phase during which the company expects a
2017 last year of MTU Aero Engines' investment phase Read More »
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
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
Lufthansa Group airlines change assignment rules for Miles & More rewards Read More »
