MTU Aero Engines AG (MTU) has released at its Capital Market Day that: “In the short and long term, the prospects for growth in all business units are better than originally assumed” with net income to rise steadily along with further improvements in free cash flow. Commercial new engine business looks to be the fastest …
MTU Aero Engines prospects for growth better than anticipated Read More »
Nordic Aviation Capital (NAC) has committed to lease two Embraer E195 and one Embraer E175 to Air Burkina, the first of which was delivered in November 2018 to a delegation of the airline led by Transport Minister Vincent Dabilgou and CEO Blaise Sanou. The remaining E195 and the E175 are planned to join Air Burkina’s …
United Airlines has reached an agreement with Compañía Panameña de Aviación S.A. (Copa), Aerovías del Continente Americano S.A. (Avianca) and many of Avianca’s affiliates, for a joint business agreement (JBA) that, pending government approval, is expected to provide substantial benefits for customers, communities and the marketplace for air travel between the United States and 19 …
United Airlines expands partnership with Copa and Avianca Read More »
Hawaiian Airlines will open a technology center in the Phoenix area in the first quarter of 2019. When fully operational, the center will allow the airline to act nimbly in the rapidly changing IT space and provide Hawaiian Airlines with additional layers of security and redundancy for its information systems and personnel. Hawaiian’s primary IT …
Fly Leasing (FLY) has contracted to sell 12 narrowbody aircraft from its portfolio. The 12 aircraft have a weighted average age of 10.6 years and an average remaining lease term of 3.2 years. FLY anticipates the sales will generate in excess of US$125 million of cash after repaying debt and satisfying other transaction-related expenses. It …
Boeing’s KC-46 tanker program has completed its planned Phase II receiver certification flight testing following three weeks of flights with F-15E aircraft out of Edwards Air Force Base, Calif. Boeing and U.S. Air Force KC-46 crews kicked off receiver certification testing with F-16 aircraft in April 2018. Since then the joint team also completed testing …
Boeing KC-46 Tanker program completes Phase II receiver certification testing Read More »
Wolfgang Mayrhuber, the former Chairman and CEO of Deutsche Lufthansa AG, has passed away last Saturday, December 1st, 2018, at the age of 71. Wolfgang Mayrhuber had been working for Deutsche Lufthansa AG for over 40 years. As an engineer, he began his corporate career in 1970, in Hamburg, in the field of engine maintenance. …
Lufthansa Group mourns loss of Wolfgang Mayrhuber Read More »
Aviation Capital Group (ACG) has reported the closing of its sale of US$800 million aggregate principal amount of senior unsecured notes, consisting of US$300 million aggregate principal amount of its 4.375% senior unsecured notes due 2024 and US$500 million aggregate principal amount of its floating rate senior unsecured notes due 2021. ACG intends to use …
Air Lease Corporation has delivered one new Boeing 737 MAX 8 aircraft, featuring CFM International LEAP-1B27 engines, on long-term lease to Cayman Airways (KX). This Boeing 737 MAX 8 is the first of four 737 MAX 8 aircraft confirmed to deliver to Cayman Airways through 2020 from ALC’s order book with Boeing. With this new …
Universal Avionics (UA) has received FAA Technical Standard Order (TSO) authorization for the company’s new touchscreen EFIS Control Display Unit (ECDU) for the InSight Display System. Designed for efficiency, the Touch ECDU provides fast, easy access of InSight user control and input. The STC is expected in the first quarter of 2019. This latest offering …
Universal Avionics receives TSOA for InSight™ touchscreen control Read More »
