13 January 2020

Iran admits to “unforgivable mistake” as it confirms its military shot down Boeing 737-800

In a massive and rapid U-turn, the Iranian authorities have now confirmed that its country’s forces mistakenly shot down a Ukraine International Airlines’ Boeing 737-800, flight 752, last Wednesday. The incident occurred shortly after take-off from Imam Khomeini International Airport, Tehran, when the plane was en route to Kyiv, Ukraine. All 176 passengers and crew

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Woodward and Hexcel announce merger

Aircraft and industrial parts maker Woodward and Hexcel Corp , a composites technology company, have announced a definitive agreement to combine in an all-stock merger of equals to create a premier integrated systems provider serving the aerospace and industrial sectors. The combined company will focus on technology-rich innovations to deliver smarter, cleaner, and safer customer

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DAE reports 2019 highlights

Dubai Aerospace Enterprise (DAE) has released 2019 key strategic and operational highlights for its leasing division, DAE Capital. DAE Capital delivered and has committed to deliver over US$1.75 billion in aircraft assets, the company’s managed and committed-to-manage assets’ portfolio grew to over 125 aircraft valued at US$3.5 billion. DAE Capital issued US$1.9 billion of new

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Airbus to increase production rate of A320 Family aircraft at Mobile, Alabama, facility

As part of Airbus’ plan to produce 63 A320 Family aircraft per month in 2021, the company will expand its industrial footprint in the U.S. by increasing the production rate of A320 family aircraft at its Airbus U.S. Manufacturing Facility in Mobile to seven per month by the beginning of next year. This increase, and

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Turning Rock Partners make investment in Next Level Aviation

On Wednesday January 8, 2020,Turning Rock Partners, a private investment firm based in New York, U.S., announced the closing of a US$15 million preferred equity investment in Next Level Aviation, based in Sunrise, Florida. Turning Rock’s investment in Next Level Aviation closed in December 2019 with the potential for follow-on investments, as the company continues

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Domodedovo Airport launches online Customs Declaration Service

Domodedovo Airport has introduced a new online platform to declare goods and currencies, designed for individuals, crossing Russia’s customs border. The paperless technologies make the declaration procedure as convenient as possible. To go through customs, a passenger provides an officer with a reference number of the e-declaration for the review. Passengers can submit their declaration

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