11 April 2018

Jet Aviation agrees to acquire Hawker Pacific in US$250m deal

It has been announced that Jet Aviation has signed a binding agreement to acquire Hawker Pacific for US$250 million. Commenting on the deal, Rob Smith, president of Jet Aviation commented: “The acquisition of Hawker Pacific represents a significant step in expanding our footprint, capability and customer offer across Asia Pacific and the Middle East. “Hawker […]

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Munich Airport reports record net annual profit of €155m for 2017

With consolidated earnings after taxes at around €155m, Munich Airport achieved the best result in its history in 2017. The Group again achieved a year-on-year increase of €100m in annual revenues to around €1.5bn – thanks in large part to a substantial 5.5% rise in total passengers to 44.6 million. The airport’s strong economic performance

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Qatar Airways sign Letter of Intent for five 777 Freighters

Boeing and Qatar Airways have signed a letter of intent to purchase five 777 Freighters. When the purchase is finalized, it will be posted to Boeing’s Orders and Deliveries website. “The addition of five 777 Freighters is a significant moment for our cargo division,” said His Excellency Mr. Al Baker. “As the world’s third-largest cargo

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MTU Maintenance Canada signs CF6-50 and accessory repair contract with Lockheed Martin

MTU Maintenance Canada and Lockheed Martin have signed two contracts covering the maintenance, repair and overhaul of CF6-50C2 engines as well as accessory repair for the engines. Combined, the contracts have a value of around US$135m. These contracts support Lockheed Martin in their maintenance program for KC-10 Extender refuelling tanker aircraft program on behalf of

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Mandarin Airlines adds Global Maintenance Agreement to partnership with ATR

ATR and Mandarin Airlines, a regional subsidiary of Taiwan’s flag carrier China Airlines, have signed a Global Maintenance Agreement (GMA). This comprehensive support package covers the repair, overhaul and pooling services of Line Replaceable Units, along with a door-to-door service through which ATR is providing transportation of spares to the airline’s facilities. This GMA covers

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Elbit Systems completes acquisition of Universal Avionics

Universal Avionics Systems Corporation (UA) has completed its acquisition by Elbit Systems. As a wholly-owned subsidiary of Elbit Systems, the company will lead commercial sales in North America for Elbit Systems’ Aerospace Division’s Commercial Aviation Business Line. “Combining our product offering with Elbit Systems’ strengthens our position in the market,” said Paul DeHerrera, UA Chief

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Rolls-Royce announces Jackson Square Aviation as new LessorCare customer

Rolls-Royce has announced Jackson Square Aviation as a new customer for LessorCare, the pioneering new service tailored specifically to the needs of lessors. Jackson Square Aviation will adopt LessorCare across its existing and future fleets of Trent-powered aircraft, drawing together a range of services under one simple, flexible and comprehensive framework. Rolls-Royce launched LessorCare in

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TrueNoord closes purchase of three Embraer E190 regional aircraft from GECAS

TrueNoord, the regional aircraft lessor, has closed the purchase of three Embraer E190 aircraft from GECAS. These aircraft are under lease with and operated by HOP!, the regional operator for AirFrance-KLM in France. This additional group of three regionally operated E190 aircraft adds to the significant investment in TrueNoord’s Embraer fleet under lease and increases

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CTT Systems announces Cair™ VIP Inflight Humidification order for one BBJ MAX 8

CTT SYSTEMS AB (CTT), a market leader of aircraft humidity control systems, has announced a Cair™ VIP Inflight Humidification order from Comlux Completion for one Boeing BBJ MAX 8. The BBJ MAX 8 completion will feature humidity in the entire aircraft cabin which requires support from three humidifiers. This award is CTT Systems’ 89th VIP

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