DVB Bank SE’s (DVB) Aviation Investment Management team, in its capacity as investment advisor to the Deucalion Aviation Funds, completed the sale of 20 aircraft valued at approximately US$814m to a special purpose exempted company which, together with another limited liability company subsidiary, co-issued US$667m of Reg. S/Rule 144A DTC eligible notes (the Notes) with […]
DVB closes first aircraft asset backed securitisation Read More »
The bitter dispute between US- and Gulf-based airlines has reached a new level after Emirates flatly rejected an open apology made concerning what was seen as incredibly tactless and insensitive remarks made by Delta’s Chief Executive, Richard Anderson. The unfortunate incident relates back to comments made by a group of American airlines that a number
Emirates reject Delta’s apology regarding Anderson’s 9/11 comments Read More »
Astronics Corporation, a leading provider of advanced technologies for the global aerospace, defense, consumer electronics and semiconductor industries, released that consolidated sales increased US$60.6m to US$166.1m, compared with the same period in the prior year. The 2014 fourth quarter included US$43.7m in incremental sales for acquired businesses. Organic sales increased US$16.9m, or 16.1%. Aerospace segment
Snecma (Safran), a leading manufacturer of aircraft engines, and Hindustan Aeronautics (HAL), a leading aerospace manufacturer, signed a Memorandum of Understanding (MoU) on January 28th, 2015 in Bangalore to explore establishing a joint venture in India for the production of aero-engine parts. The proposed joint venture will initially focus on the manufacture of high-tech parts
Snecma and HAL to create joint venture and build a new production facility in India Read More »
Following approval by the European Aviation Safety Agency (EASA), Lufthansa LEOS, a subsidiary of Lufthansa Technik AG, has commenced operations with the innovative TaxiBot aircraft tractor, developed by Israel Aerospace Industries (IAI) with Lufthansa LEOS’ extensive support and cooperation. After extensive testing, the TaxiBot will now be used in real flight operations at Frankfurt Airport.
Innovative TaxiBot now used in real flight operations Read More »
Air China’s third nonstop service between Los Angeles and Beijing will start on May 2nd, 2015. Consul General Jian Liu of the Chinese Consulate General of the People’s Republic of China; Los Angeles City Councilmember Mike Bonin and Los Angeles World Airports’ Deputy Executive Director Samson Mengistu welcomed the news of the expanded services from
Air China announces expansion of nonstop services between Los Angeles and Beijing Read More »
Royal Air Maroc, the national airline of Morocco, marks a milestone with the launch of its first Boeing 787-8 Dreamliner. The new, superefficient 274-seat aircraft will depart on its inaugural 6.5-hour flight from Mohammed V International Airport in Casablanca (CMN) to New York’s John F. Kennedy International Airport (JFK) on February 22nd. This launch marks
Royal Air Maroc to launch Dreamliner service on February 22 Read More »
It was back in August 2012 that Russia’s United Aircraft Corporation (UAC), the manufacturer of the Sukhoi Superjet, announced its plans to build a new airliner intended to bridge the gap between the Superjet and the larger MS-21 airliner which was then in development. At the time, UAC had orders for 300 civil aircraft and
India seen as potential production location for new Russian superjet Read More »
The new Eurowings will have its first base outside Germany in Vienna. Following close consultation with Austrian Airlines and at the carrier’s own request, two Airbus A320 aircraft are to be stationed there initially, offering point-to-point connections on European routes. The aircraft are to fly in the colors of the new Eurowings. It is planned
Vienna to become first base for new Eurowings outside Germany Read More »
The A350 MSN2, one of Airbus’ five A350 XWB test aircraft, has landed at Adolfo Suárez Madrid-Barajas airport on February 19th for the first time, to demonstrate its all new features to Iberia, the Madrid airport authorities and the media. Iberia has eight A350-900s on order.The A350 XWB is an efficient medium-capacity long-range wide-body aircraft.
Airbus A350 XWB makes début at Madrid-Barajas airport Read More »
