20 January 2019

Bell Boeing awarded US$144 million for V-22 support

The Bell Boeing Joint Program Office has been awarded an estimated $143,863,184 firm-fixed-price requirements contract for performance-based logistics and engineering support for the V-22 platform. This is an 11-month base contract with four one-year option periods. Locations of performance are Texas and Pennsylvania for V-22 aircraft belonging to the U.S. Navy, U.S. Air Force and […]

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DAE’s managed aircraft portfolio grows to 54 aircraft

Dubai Aerospace Enterprise (DAE) is continuing to make strong progress in building its managed aircraft portfolio. In 2018 DAE concluded transactions adding 19 aircraft to the portfolio valued at over US$500 million, taking DAE’s total managed fleet to 54 aircraft. DAE is growing its managed portfolio both through sales of assets targeted for divestment and

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€175 million revolving credit facility for Finnair

On January 18, 2019, Finnair has signed a binding €175 million syndicated revolving credit facility for general corporate purposes. The coordinating bookrunner and mandated lead arranger for the facility is Nordea Bank. Danske Bank, OP Corporate Bank, Skandinaviska Enskilda Banken AB (publ) and Swedbank AB (publ) act as bookrunners and mandated lead arrangers in the

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GA Telesis buys two E170 aircraft on lease with Republic Airways

GA Telesis (GAT) has completed the acquisition of two Embraer E170 aircraft, which are subject to multi-year leases with Republic Airline, last month, which increases its total fleet with Republic to eight aircraft. “Republic Airline has been a great airline partner for GA Telesis, and we are very pleased to increase our exposure to such

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WestJet takes delivery of first 787 Dreamliner

Boeing has delivered the first of ten 787 Dreamliners to WestJet, marking the start of the airline’s global expansion. Having long operated a fleet of Boeing single-aisle jets, WestJet will use the super-efficient, long-range 787-9 Dreamliner to profitably serve new international routes. This spring, WestJet will use the 787-9 – the longest-range Dreamliner that can

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Alaska Airlines names three new vice presidents

The Alaska Airlines board of directors has elected three new company officers: Constance von Muehlen, senior vice president of maintenance and engineering; Ron Calvin, vice president of inflight; and Jenny Wetzel, vice president of labor relations. Beginning Jan. 21, von Muehlen will lead Alaska’s maintenance and engineering employees, and all safety, compliance and operational performance

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Airport operator Swedavia to lay off 125 employees

airport operator Swedavia is laying off 125 employees as a result of an ongoing change and efficiency programme. The measures are aimed at ensuring Swedavia’s cost-effectiveness and long-term competitiveness. “We are now creating conditions to remain competitive and in order to develop our operations in the long term. In an industry that has narrow margins,

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Austrian Airlines to invest more than €200 million to expand Airbus fleet

Austrian Airlines has managed the turnaround after a tough restructuring period and now operates profitably. The airline is also headed towards positive operating earnings in 2018 following strong passenger growth of more than one million customers, comprising a year-on-year rise of 8.5%. The solid demand by passengers and increasing competition in Vienna has led the

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