HEICO Corporation reported that net income increased 18% to a record US$121.3m, up from US$102.4m in the fiscal year ended October 31, 2013. For the full fiscal year ended October 31, 2014, operating income increased 11% to US$203.4m, up from US$183.6m in the fiscal year ended October 31st, 2013. Operating income was US$53.7m in the […]
HEICO Corporation reports record net sales for fiscal 2014 Read More »
Boeing delivered Etihad Airways’ first 787-9 Dreamliner sporting the airline’s new “Facets of Abu Dhabi” livery which was revealed at a ceremony in 2014. The colors are reminiscent of the desert landscape, inspired by the culture, Islamic design and architecture motifs of the United Arab Emirates. The airplane is the first of the 71 Dreamliners
Boeing delivers Etihad Airways' first 787-9 Dreamliner Read More »
Astronics Corporation, a leading provider of advanced technologies for the global aerospace and defense industries, has entered into a definitive agreement to acquire Armstrong Aerospace (“Armstrong”) for approximately US$51m. The agreement is expected to close in January 2015, subject to normal closing requirements. Armstrong Aerospace, located in Itasca, Illinois, is a leading provider of engineering, design
Astronics to acquire Armstrong Aerospace Read More »
Civil Aviation Administration of China (CAAC) granted an ARJ21-700 aircraft type certificate to Commercial Aircraft Corporation of China, (COMAC) in Beijing on December 30th, 2014. This indicates that the first regional jet independently developed by China in accordance with international standards has passed the airworthiness certification of CAAC, met the requirements of China Civil Aviation
ARJ21-700 aircraft obtains first type certificate for jets in China Read More »
Etihad Airways, the national airline of the United Arab Emirates (UAE), has signed a codeshare agreement with Aerolíneas Argentinas, one of South America’s leading airlines. Effective February 1st, 2015, the agreement will offer Etihad Airways’ guests greater access to South America via Aerolíneas Argentinas’ Buenos Aires hub. As part of the agreement, Etihad Airways will
Etihad Airways to codeshare with Aerolineas Argentinas Read More »
GE Capital Aviation Services (“GECAS”) has signed a firm purchase agreement for five Q400 NextGen aircraft and has also taken options on an additional 10 Q400 NextGen aircraft. Based on the list price of the Q400 NextGen aircraft, the firm order is valued at approximately US$160m. The value could increase to US$448m should GECAS exercise
Bombardier signs purchase agreements with various customers at the end of 2014 Read More »
Emirates SkyCargo, the freight division of Emirates, has appointed Henrik Ambak to the position of Senior Vice President, Cargo Operations Worldwide. Henrik, a Danish national, took up his new position in Dubai earlier this month. He joins Emirates SkyCargo after having spent the past 27 years in various roles in the air cargo industry, having
Emirates SkyCargo appoints new Senior Vice President for worldwide operations Read More »
VSE Corporation (VSEC) has signed a definitive agreement to acquire four business units from Killick Aerospace Group, consisting of Prime Turbines (including both U.S. and Germany-based operations), CT Aerospace, Kansas Aviation and Air Parts & Supply Co. The companies to be acquired specialize in maintenance, repair and overhaul (MRO) services and parts supply for corporate
VSE Corporation signs agreement to acquire 4 companies held by Killick Aerospace Read More »
Elbit Systems’ wholly-owned U.S. subsidiary, Elbit Systems of America, received a directed subcontract from the Brazilian Navy for the upgrade of four Grumman C-1A aircraft. The prime contract is held by Marsh Aviation Company of Mesa, Arizona. The subcontract, valued at US$106m, will be performed by Elbit Systems of America over a five-year period. The
Boeing and Kuwait Airways have finalized an order for 10 777-300ERs (Extended Range), valued at US$3.3bn at list prices. The order underlines the popularity of the 777-300ER as the preferred long-haul aircraft of many of the world’s leading airlines including those from the Middle East. The airline originally announced its intent to order the 777-300ER
Kuwait Airways finalize order for 10 777-300ERs Read More »
