DAE announces pricing of inaugural aircraft securitization

Falcon Aerospace Limited and Falcon Aerospace USA LLC (“Falcon 2017-1” or “Borrowers”) will issue US$410m of asset-backed secured term Loans. The Borrowers expect to use the proceeds to purchase 21 in-production, narrow-body aircraft. Dubai Aerospace Enterprise (DAE) will act as servicer for the transaction. Falcon 2017-1 will issue three tranches of asset-backed secured term loans: […]

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Aero Norway invests in skilled workforce

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Norway-based engine MRO facility Aero Norway AS has moved to a shift work programme to increase its production capacity as the rate of engine inductions at the facility continues to grow. Over the next few months its skilled and experienced engineers will supervise the training of ten new apprentices as the Company reinforces its commitment

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MAI names new president as company celebrates 25 year milestone

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Marketing Alternatives (MAI), a longstanding marketing and communications firm specializing in the aviation industry, has named Ted McDermott as president. The announcement comes as the firm celebrates its 25th anniversary in 2017. Guy McDermott, the company’s founder and current President, will assume the title of Founder & CEO and remain involved in the company’s activities

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New commercial partnerships forged between Etihad and Lufthansa groups

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At a press conference in Dubai on February 1, James Hogan, Etihad Aviation Group President and Chief Executive Officer, and Carsten Spohr, Lufthansa Group Chairman and Chief Executive Officer, announced plans aimed at broadening the commercial partnership between the two airline giants. A US$100 million global catering contract has been agreed and a Memorandum of

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Matthew F. Bromberg to succeed Bennett Croswell as President of P&W military engines

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Matthew F. Bromberg will succeed Bennett Croswell as president of its military engines business upon his retirement in May. Bromberg, who most recently served as president of the company’s commercial engines aftermarket business, will join Pratt & Whitney Military Engines as senior vice president, Feb. 1, to ensure a smooth transition. Croswell will support UTC

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First F-22 Raptor delivered from Lockheed Martin Speedline

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Lockheed Martin has completed the first F-22 Raptor at the company’s Inlet Coating Repair (ICR) Speedline facility and delivered the aircraft back to the U.S. Air Force ahead of schedule. The U.S. Air Force contracted Lockheed Martin to establish the Speedline in Marietta, Georgia, in August 2016 and the first F-22 arrived there in early

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Spirit AeroSystems meets 2016 guidance

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Spirit AeroSystems reported fourth quarter and full-year 2016 financial results driven by strong operating performance of mature programs. Spirit’s fourth quarter 2016 revenue was US$1.6bn, down by two percent compared to the same period of 2015, primarily driven by lower production deliveries on the Boeing 747 and 777 programs, partially offset by higher activity on

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Lufthansa Technik completes cabin installation of first Lufthansa Airbus A350-900

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Another milestone has been reached in advance of the first passenger flight of an Lufthansa A350-900: After more than 1,700 working hours in Lufthansa Technik’s maintenance hangar in Munich, the required cabin installations are complete and the Supplemental Type Certificate (STC) has been issued by the European Aviation Safety Agency (EASA). The aircraft is thus

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ATR and Sweden’s BRA perform first ATR biofuel flight

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An ATR 72-600 of the Swedish carrier BRA (former Braathens Regional) took off from Stockholm-Bromma February 1. to Umeå, fueled at 45% with fossil-free used cooking oil, marking the first biofuel-powered flight of an ATR aircraft. BRA provides an essential air service to link their main hub of Stockholm-Bromma to twelve Swedish regions. The ATRs

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Dario Fetahović appointed Head of Maintenance Planning as FAI Technik

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FAI Technik, the maintenance division of German-headquartered FAI Group, has appointed Dario Fetahović as Head of Maintenance Planning and Customer Support with immediate effect. Dario joins from Bombardier Aerospace’s Amsterdam Service Centre where he held the same position, bringing extensive experience in aircraft engineering and maintenance, and especially in base maintenance of Bombardier aircraft working

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