12 May 2020

StandardAero awarded multi-year U.S. Air Force J85 engine MRO contract

Military & Defense

The United States Air Force (USAF) has awarded StandardAero a US$237 million multi-year contract to provide engine maintenance, repair and overhaul (MRO) services for General Electric J85 turbojet engines powering the USAF fleet of T-38 trainer aircraft.  The multi-year contract will continue into 2028 and all work will be performed at StandardAero’s San Antonio facility, […]

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Avianca files for bankruptcy owing to impact of COVID-19

Financial, Top Stories

Columbia’s Avianca Holdings SA, South America’s second-largest airline, has filed for Chapter 11 bankruptcy. The carrier had a looming bond payment deadline and had been unable to secure any financial aid from the government to help it through the pandemic. In the filing lodged with the U.S. Bankruptcy Court for the Southern District of New

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Willis Lease Finance reports first-quarter pre-tax profit of US$8.5 million

Financial

Willis Lease Finance has reported first-quarter pre-tax profit and total revenues of US$8.5 million and US$81.6 million, respectively. The company’s first quarter 2020 pre-tax results were impacted by both lower revenue in the core leasing business, which was influenced by a reduction in reported asset usage and reduced spare parts sales, and the one-time expense

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Gulfstream G600 earns type certificate approval from EASA

Aircraft & Engines

The Gulfstream G600™ has earned type certificate approval from the European Union Aviation Safety Agency (EASA), enabling aircraft registrations and deliveries to begin for EU customers. At its high-speed cruise of Mach 0.90, the G600 can carry passengers 5,500 nautical miles/10,186 kilometers nonstop — enough range to travel from London to Los Angeles or from

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GKN Aerospace and Boeing extend partnership on military aircraft contracts

Military & Defense

GKN Aerospace has signed a strategic agreement with Boeing to solidify a continued working partnership until 2023. The agreement covers the production of structural components and assemblies for F/A-18E/F Super Hornet, F-15E Strike Eagle and C-17 Globemaster III. GKN Aerospace has been a sole-source supplier for items such as external surfaces, internal structures, wing trailing

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