Helicopter lessor LCI, the aviation division of the Libra Group, has launched its first helicopter co-investment vehicle. The new helicopter ownership vehicle contains five aircraft all on long-term lease – three Leonardo AW139 and two Sikorsky S-92 units – and is valued at over US$100 million. It has been launched in partnership with Flexam Tangible […]
LCI launches first helicopter co-investment vehicle Read More »
Turkish Technic and Satair have signed a strategic General Terms Agreement (GTA) to facilitate further business growth between the two entities. Under this agreement, Satair will support Turkish Technic with consumable and expendable spares (C&E) for the expanding Airbus aircraft fleet that is maintained by Turkish Technic. This unique agreement supports both Airbus standard hardware
Turkish Technic and Satair sign strategic General Terms Agreement Read More »
Power management company Eaton will provide maintenance, repair and overhaul services for components on Airbus and Boeing aircraft as part of a long-term agreement with OEMServices. The growth opportunity will expand Eaton’s high-quality, cost-effective MRO services into new airline markets in Russia to benefit A320, A330, A340, B777 and B787 operators. As part of this
Eaton signs agreement with OEMServices to expand MRO business in Russia Read More »
GECAS and Israel Aerospace Industries (IAI) have launched the Boeing 777-300ERSF and the establishment of a passenger-to-freighter conversion program. Dubbed “The Big Twin” — denoting its status as the largest ever twin-engined freighter — the initiative is jointly funded by GECAS and IAI. With agreements signed in July 2019 and a prototype aircraft to be
GECAS and IAI launch 777-300ERSF freighter program Read More »
United Airlines (UAL) has achieved third-quarter diluted earnings per share (EPS) of US$3.99 and adjusted diluted EPS of US$4.07, and raised its full-year 2019 adjusted diluted EPS guidance, with a new range of US$11.25 to US$12.25. United has reported third-quarter net income of US$1.0 billion, pre-tax earnings of US1.3 billion and pre-tax margin of 11.9%,
Jet Flight Service, based at Vnukovo International Airport, has been approved as an Embraer Authorized Service Center (EASC) to expand its support for Legacy 600/650 customers in Moscow, Russia. Jet Flight Service, which is certified by the European Union Aviation Safety Agency (EASA), may perform scheduled and non-scheduled maintenance, component and part exchange-types of inspections
Two weeks after acquiring Apple Aviation, STS Aviation Group (STS), an aviation solutions company, has finalized the purchase of a wide-body aircraft maintenance facility in Birmingham, England. The facility was formerly operated by Monarch Aircraft Engineering (MAEL) and put up for sale in March of 2019. It features 200,000 ft² of total space — including
STS Aviation Group purchases former MAEL hangar in Birmingham, England Read More »
Ryanair will launch its first ever flights from Armenia, the 40th country in the Ryanair network, with two new routes from Yerevan to Milan Bergamo and Rome Ciampino starting in January 2020, and two new routes from Yerevan to Berlin Schönefeld and Gyumri to Memmingen starting in Summer 2020. Ryanair’s 2020 schedule will deliver 130,000
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Operating out of Abu Dhabi International Airport, a new airline dubbed “Air Arabia Abu Dhabi” is being set up through a joint venture between fellow Abu Dhabi-based carriers Etihad Airways (Etihad) and Air Arabia. “This exciting partnership supports our transformation programme and will offer our guests a new option for low-cost travel to and from
Etihad and Air Arabia to establish first Abu Dhabi-based low-cost carrier Read More »
Liebherr-Aerospace and ATR have signed a ten-year agreement covering the supply of components, repairs and associated Pay-by-the-Hour services for the more than 300 ATR42/72-600 aircraft fleet. After two years of development, the new air management system, developed and manufactured by Liebherr-Aerospace, will enter into service next year on ATR’s 42/72 aircraft family. The regional aircraft
Liebherr and ATR sign ATR42/72-600 global maintenance agreement Read More »
