PAS Technologies announces divestiture of Cork, Ireland facility

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PAS Technologies announced that the company has successfully completed the sale of its Cork, Ireland operation to Knox Capital Holdings (“Knox Capital”). The acquisition by Knox Capital, along with a majority recapitalization of TRS Services has resulted in the formation of a new company known as TRS Global. David Theis, former Senior Vice President of […]

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Lufthansa Technik receives Airbus A350 maintenance approval

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In time for the launch of commercial flight operations of the Airbus A350 to Frankfurt, Lufthansa Technik has received approval of the European airworthiness authority EASA (European Aviation Safety Agency) as Maintenance Organization for the new aircraft type (Part 145 approval). The maintenance, repair and overhaul (MRO) provider offers now routine maintenance services in Frankfurt.

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Fokker and Lockheed sign MOU for additional F-35 wing component order

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Fokker signed an agreement on January 14th, for the delivery of wing components (Flaperons & Outboard Leading Edge Flaps) on the next batches of Lockheed Martin’s F-35 Lightning II Joint Strike Fighter. Under this agreement, Fokker will be responsible for the manufacturing of the Flaperons & OLEF for the next batches of F-35 aircraft in

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RRPF completes first installed engine sale and lease-back transaction with dvb deucalion aviation funds

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Rolls-Royce & Partners Finance (RRPF) and DVB Bank SE (DVB) as investment advisor to the Deucalion Aviation Funds have completed a sale and lease-back transaction to finance V2500-A5 engines installed on five A320-200 aircraft. The aircraft were subject to existing leases purchased from Mitsui & Co US and are all on lease in the Americas

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Bombardier pauses Learjet 85 program and revises 2014 guidance

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Bombardier announced the pause of its Learjet 85 business aircraft program. The pause is due to weak demand for the Learjet 85 aircraft and follows a downward revision of Bombardier’s business aircraft market forecast. This reflects the continued weakness of the Light aircraft category since the economic downturn. As a result, the Company will record

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AAR awarded 10-year Search & Rescue contract in the Falkland Islands by UK MOD

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AAR reported that its Airlift division has been awarded a contract by the United Kingdom Ministry of Defence for Search & Rescue (SAR) and Support Helicopter services in the Falkland Islands. The contract is valued at approximately US$275m (approximately £180m). AAR Airlift, together with British International Helicopters (BIH) and Air Rescue Systems (ARS), will provide

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MBA Aircraft Solutions completes sale of three Rolls-Royce RB211s

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MBA Aircraft Solutions, on behalf of its clients, has completed the sale of three Rolls-Royce RB211s to AAR Corp (Wood Dale, IL).

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Air Astana delivers record US$97.7m operating profit in 2014

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Air Astana, Kazakhstan’s flag carrier, has reported an operating profit of US$97.7m in 2014, an increase of 35% over 2013 and the highest in the company’s 13 year history. Net profit fell by 62% to US$19.3m owing to a one-off revaluation of external debt of US$49m caused by the devaluation of the Kazakh tengue by

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Richard Ilett joins STG Aerospace as Chief Operating Officer

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Aircraft cabin lighting specialists, STG Aerospace, reported that Richard Ilett has joined the company in the new role of Chief Operating Officer (COO). nSince undertaking a mechanical engineering graduate apprenticeship with British Aircraft Corporation and Leicester University, Richard has spent most of his career in the aerospace industry. During his 17 years with British Aerospace,

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Shane Tingey joins AJW Aviation as Sales Director

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AJW Aviation has appointed industry specialist, Shane Tingey, to the newly defined position of Sales Director. His role is to develop pro-active sales strategies for contracted power-by-the-hour, ad-hoc spares sales, component repairs and engine management divisions, as well as support AJW’s dynamic customer relations programme worldwide. His primary and initial focus will be AJW Aviation’s

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