December 16, 2020

HEICO Corporation increases credit facility to US$1.5 billion and extends term

HEICO Corporation has amended and extended its existing credit facility to a US$1.5 billion unsecured revolving credit facility with a one-year extension to its maturity date, now November 2023, with the option for an additional one-year extension. The Facility is with a banking syndicate led by Truist Bank, Bank of America and Wells Fargo Bank. …

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State of Finland preparing to make hybrid loan of €400 million available to Finnair

Financial

The State of Finland is preparing to make up to €400 million available to Finnair in the form of an unsecured hybrid loan. The final decision on the possible financing arrangement is subject to a decision by the Government Plenary session, which will also confirm the final terms and conditions of the loan. The hybrid …

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China Airlines to increase freight capacity and enter new markets with additional 777 Freighter

Aircraft & Engines, Top Stories

China Airlines has unveiled the first of six Boeing 777 Freighters, officially becoming the 20th operator of the twin-aisle freighter. The 777 Freighter joins the airline amid growing demand for dedicated freighters as operators grapple with the impacts from the COVID-19 pandemic. An operator of an all-Boeing freighter fleet, China Airlines debuted its new 777 …

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Saab and Rolls-Royce to research innovative propulsion sensing technology

MRO & Production

Saab and Rolls-Royce are undertaking a joint research program into fibre-optic sensing technologies for aerospace propulsion systems. Fibre-optic sensing technologies have the potential to provide a novel solution that acquires multiple measurements such as strain, pressure and temperature along a single wire. Compared to existing technologies, this low-weight integrated solution could offer higher temperature and …

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Aviation Blade Services awarded UH-60 rotor blade maintenance contract by Colombian Army

Military & Defense

Aviation Blade Services, a wholly owned subsidiary of First Aviation Services, has been awarded an inspection-and-repair contract to support main rotor blade repair for the Colombian Army Aviation Battalion fleet of UH-60 rotorcraft. Aviation Blade Services, along with its sister company Piedmont Propulsion Systems, have been making significant investments in facilities, engineering, workforce, and inventory …

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AELF FlightService partners with Avianor on A330 auxiliary cargo conversions

MRO & Production

AELF FlightService has partnered with Montreal-based Avianor for the conversion of its passenger A330-200s to auxiliary cargo configuration. An aircraft maintenance and cabin integration specialist, Avianor supplied the custom Supplemental Type Certificate (“STC”) conversion kit and parts support for the modifications, in which all passenger seats are removed from the cabin and netted cargo restraints …

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FedEx Express takes delivery of first purpose-built Regional ATR freighter

Aircraft & Engines

FedEx Express has taken delivery of the first ever purpose-built turboprop regional freighter to the FedEx fleet. This follows the company’s 2017 signing of a firm order of 30 aircraft, with the option to purchase 20 more. The aircraft will be operated by ASL Airlines Ireland, a FedEx ATR operator since 2000, as part of …

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Rex receives green light from CASA for hight-capacity AOC

Aircraft & Engines

Rex, the Australian independent regional and domestic airline, has been issued a High Capacity Air Operator’s Certificate (HCAOC) by the Civil Aviation Safety Authority (CASA). Rex is now approved for Regular Public Transport (RPT) services using the Boeing 737-800NG on its existing network where appropriate. The way is now clear for the carrier to commence …

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