August 5, 2019

Cathay Pacific Airways is one of oneworld's 13 members to join CO2 connect

Dubai Aerospace Enterprise (DAE) has signed agreements to raise an additional US$490 million from 3 loan agreements. These agreements will have maturities of between 3 and 7 years. Firoz Tarapore, Chief Executive Officer of DAE commented: “We continue to bolster our liquidity cushion to support our growth ambitions and opportunities. Our very strong balance sheet

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Cargolux closes JOLCO financing arranged by DVB Bank and JP Lease

Financial

Cargolux Airlines International S.A. has closed a Japanese operating lease with call option (JOLCO) transaction for a Boeing 747-400ERF freighter aircraft. The aircraft financing was arranged by DVB Bank SE, London Branch (DVB) and JP Lease Products & Services Co., Ltd (JP Lease). DVB Bank provided the debt while the equity was arranged and underwritten

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Commercial Aircraft Airbus begins U.S. production of A220 aircraft

MRO & Production

On August 5, Airbus has officially begun manufacturing the A220 in the U.S. The first team of A220 production workers began work at Airbus’ Mobile, Alabama-based production facility following their recent return from on-the-job training in Mirabel, Quebec, Canada, where the A220 programme and primary final assembly line are located. Airbus had announced plans for

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Astronics Corporation posts second quarter US$6.7 million net income, down 52%

Financial

Astronics Corporation has reported financial results for the second quarter ended June 29, 2019. Consolidated sales were down 9.4%, or US$19.5 million, including sales of the semiconductor business which was divested in the first quarter of 2019. Excluding the divestiture, adjusted consolidated sales were up 5.4%, or US$9.7 million, demonstrating growth in both the Aerospace

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Rolls-Royce continues to support EJ200 engine for RAF’s Typhoon fleet

Military & Defense

Rolls-Royce has agreed a support contract with the UK Ministry of Defence for the maintenance and repair of the EJ200 engine. The contract will see Rolls-Royce continue to provide support to the engines that power the Royal Air Force’s Typhoon aircraft and undertake a number of services including the maintenance, repair and overhaul of the

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Airstream arranges ATR42-320 aircraft sale

Aircraft & Engines

Aircraft remarketing specialist Airstream International Group has arranged the sale of an ATR42-320 on behalf of Regourd Aviation. The 1988 YOM aircraft, serial number 93, was sold to Zimex Aviation. Airstream continues to enjoy a close relationship with Regourd Aviation having placed a number of ERJ-145’s with its subsidiary Amelia International and having sold the

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Lufthansa Technik intensifies training efforts – 246 young trainees join the company

MRO & Production

The Lufthansa Technik Group is substantially increasing its commitment to training young people in Germany: 246 new traditional and dual-study trainees have joined the company – an increase of 55% over the previous year. And in view of the Group’s positive economic development as well as the fact that many employees will soon reach retirement

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Ideagen launches new ‘modern, slick and visually rich’ version of Q-Pulse

Uncategorized

Ideagen, the governance, risk and compliance GRC software provider, has launched a new and improved version of its Q-Pulse application to coincide with the 25th anniversary of the software. The UK-based firm – which has a global presence with sites in the UK, Europe, US, SE Asia and the UAE – launched Q-Pulse version 7 today (Monday,

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Aergo Capital sells one Airbus A330-300 to EMP

Aircraft & Engines

Aergo Capital has completed the sale of one 2017 Vintage Airbus A330-300 aircraft bearing manufacturers serial number 1779, to EMP Aviation Ireland. The aircraft remains subject to a long-term operating lease with South African Airways. Fred Browne, Chief Executive Officer of Aergo, commented: “We are delighted to have worked with EMP on such a successful

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Hong Kong International Airport turmoil as city-wide strike action spreads

DAE raises US$490 million of new liquidity