April 25, 2019

Recaro Aircraft Seating posts 22% growth and revenue of nearly €600 million

Aircraft seat manufacturer Recaro grew its revenues with 22% to almost €600 million in 2018. With this result, Recaro continues its more than 15 years of non-stop double-digit growth. The global passenger seat market grew approx. five percent per year in that same period. Recaro will invest ten percent of this positive revenue back into […]

Recaro Aircraft Seating posts 22% growth and revenue of nearly €600 million Read More »

WNG Capital raises US$438 million

Financial

WNG Capital, the global aviation investment manager and lessor of narrow body commercial aircraft, has announced the final closing of WNG Aircraft Opportunities Fund II, L.P. with US$438 million of capital commitments. WNG II is expected to acquire approximately 40 to 60 Boeing and Airbus narrow body aircraft with ages ranging from 15 to 20+

WNG Capital raises US$438 million Read More »

SafeDrone by Lufthansa Technik signs contracts with drone manufacturers Matternet and SwissDrones

MRO & Production

SafeDrone by Lufthansa Technik has signed comprehensive contracts with drone manufacturers Matternet and SwissDrones. Both companies will use SafeDrone Health to improve the efficiency of their maintenance programs. SafeDrone Health is a holistic and manufacturer-independent diagnostic solution especially for flight-critical components of drones. The cloud-based service allows manufacturers and operators to monitor the technical condition

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UAM acquires Airbus A319

Aircraft & Engines

Universal Asset Management has acquired an Airbus 319 airframe, MSN 3043, formerly operated by Czech Airlines. Jeff Sabo, Senior Vice President of UAM commented “UAM is excited to have another A319 airframe acquisition, this is the youngest airframe at only 12 years old. Previously powered by CFM56-5B engines, this airframe strengthens our inventory to support

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StandardAero certifies new seat configurations for Embraer 135/145 aircraft

MRO & Production

StandardAero, via its Organization Designation Authorization (ODA) from the Federal Aviation Administration (FAA), was recently awarded a Supplemental Type Certificate (STC) for 30 and 42 seat configurations for Embraer EMB 145. The company had previously received an STC for a 30-seat configuration for the Embraer EMB 135. Both 30-seat configurations allow companies to use these

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Precision Aerospace completes recapitalization transaction with Willcrest Partners and Curran Companies

Financial

Precision Aerospace, a leader in complex metal assemblies for aerospace and industrial applications, has completed a recapitalization transaction led by Willcrest Partners and Curran Companies, two operationally focused, long-term oriented family offices. Since its inception over 40 years ago, Precision Aerospace has been producing high quality prototypes and production run metal assemblies with unique hydroforming,

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Omni Helicopters International appoints Jeremy Akel as Group CEO

People

Omni Helicopters International S.A. has named Jeremy Akel as Group Chief Executive Officer. The announcement was supported by OHI shareholders Stirling Square Capital Partners and Omni Aviation. Akel has 30 years’ experience in the aviation industry, of which 15 spent in offshore helicopter services. He started his aviation career in safety as an Accident Investigator

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Airstream provides consultancy services to Trade Air

Aircraft & Engines

Airstream International Group has provided advisory services relating to the acquisition of an A320-200 from Aercap for operation by Trade Air, Croatia. The aircraft, MSN 1454, formally in operation with Viva Colombia, will undergo maintenance before entering service with the airline in April 2019. Airstream provides aircraft sales, leasing and financing services for an international

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Pratt & Whitney powered A319neo makes maiden flight

Aircraft & Engines

The last of the A320neo variants, an Airbus A319neo test aircraft has completed its maiden flight powered by Pratt & Whitney GTF engines for the first time. The A319neo took off from Toulouse at 12:30 and landed at 15:20. The aircraft, MSN 6464, will perform an extensive flight test campaign in order to achieve its

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Recaro Aircraft Seating posts 22% growth and revenue of nearly €600 million

WNG Capital raises US$438 million

SafeDrone by Lufthansa Technik signs contracts with drone manufacturers Matternet and SwissDrones

UAM acquires Airbus A319

StandardAero certifies new seat configurations for Embraer 135/145 aircraft

Precision Aerospace completes recapitalization transaction with Willcrest Partners and Curran Companies

Omni Helicopters International appoints Jeremy Akel as Group CEO

Airstream provides consultancy services to Trade Air

Pratt & Whitney powered A319neo makes maiden flight

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25 April 2019

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