Babcock & Brown Air Limited has acquired five additional aircraft, increasing its portfolio to a total of 59 acquired and committed aircraft. The five new aircraft include: — One Airbus A319-112 on lease to Virgin America (US) — One Airbus A330-200 on lease to LTU (Germany) — Two Boeing 757-200s on lease to Icelandair (Iceland) […]
B&B Air to acquire five aircraft Read More »
In its latest Global Market Forecast (GMF) Airbus predicts that the Russian airlines will need more than 900 passenger aircraft over the next 20 years in response to the strong growth in this market. The Russian passenger aircraft fleet of 100 seats or more is expected to grow strongly from 528 aircraft in service in
More than 900 aircraft will be needed within next 20 years in Russia Read More »
The Government of Iraq has placed a firm order for six CRJ900 NextGen airliners which will be used for civilian airline services in Iraq. The transaction includes options on an additional four CRJ900 NextGen aircraft. Based on the list price for the CRJ900 NextGen aircraft, the value of the firm contract is approximately $239 million.
Government of Iraq orders six CRJ900 NextGen airliners Read More »
The GEnx-2B engine that will power the new Boeing 747-8 airplane demonstrated 70,950 lbs. of takeoff thrust during ground testing on March 12th, at GE’s outdoor testing facility in Peebles, Ohio. Ground testing on the GEnx engine began with idle runs on February 29 and reached 70,950 lbs. of standard day sea-level takeoff thrust on
GE's GEnx-2B engine achieves 70,000 Lbs. takeoff thrust in first test Read More »
Effective June 2, Sean O’Keefe will head GE Aviation’s Washington D.C. operations, replacing Dr. Thomas Cooper, who is retiring after serving in the role with distinction for 21 years. Over the past 30 years, O’Keefe has held key U.S. Government positions in Washington, including NASA Administrator (2001-2005), Deputy Director and Deputy Assistant to the President
Sean O'Keefe to head GE Aviation's Washington D.C. operations Read More »
In the maintenance, repair and overhaul (MRO) market for commercial aircraft the Lufthansa Technik Group reports a 6.7% rise in external revenues and pre-tax earnings of 287 million euros in 2007. This represents an increase of 18.6% over the previous year. The current Annual Report shows a total revenue of 3.6 billion euros for the
Lufthansa Technik increases sales and profit in 2007 Read More »
Vought Aircraft Industries, reported financial results for its fourth quarter and year ending Dec. 31, 2007. Revenue for the three months ended Dec. 31, 2007 was $394.9 million, a decrease of $22.7 million or 5%, compared with revenue of $417.6 million for the same period last year. Increased commercial and business jet revenue resulting from
Vought reports net income of $46.3 million for 2007 Read More »
CIT Group, a leading global commercial finance company, announced that CIT Aerospace, a unit of CIT, has signed contracts with Airbus for 20 new aircraft (fifteen A320 family aircraft and five A330) worth approximately $1.9 billion at list prices. The aircraft are scheduled to be delivered beginning in 2011 and continue through 2014. Including this
CIT Places order for new Airbus aircraft Read More »
Aviall, a wholly owned Boeing subsidiary, plans to open a business office in India during the second half of 2008. Aviall is one of the largest providers of new aviation parts and related aftermarket services in the aerospace industry. Aviall’s India operation will serve the rapidly growing Indian aviation industry and be headquartered near New
Aviall to establish business operations in India Read More »
