Heike Tamm

AEI continues B737-400SF program success with order from Automatic

Aeronautical Engineers (AEI) has signed a contract with Automatic to provide the company another B737-400SF freighter. In the beginning of this year, AEI celebrated delivering its 100th B737-400SF freighter conversion and orders for the conversion platform remain strong. The Automatic B737-400 (MSN 25853) commenced modification yesterday and will be re-delivered in early March 2019. The […]

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TrueNoord secures further funding to drive growth plans

TrueNoord, the independent regional aircraft lessor, has secured new investment from existing and new investors. This brings total equity available to nearly US$400 million to expand TrueNoord’s aircraft portfolio and partially refinance the existing fleet as it embarks upon the next phase of growth. It complements a senior secured debt facility of US$500 million which

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UTC Aerospace Systems and Lufthansa Technik sign component service agreement

UTC Aerospace Systems and Lufthansa Technik have signed a life of program component service agreement for maintenance of Geared Turbofan (GTF) engine accessories integrated and supplied by UTC Aerospace Systems for the A320neo Under this agreement, Lufthansa Technik will develop repair capabilities for certain UTC Aerospace Systems’ GTF engine accessories. UTC Aerospace Systems will provide

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AeroCentury reports third quarter 2018 net loss of US$4.5 million

AeroCentury Corp., an independent aircraft leasing company, has reported a third quarter net loss of US$4.5 million, compared to a net loss of US$81,000 for the second quarter of 2018 and net income of US$0.4 million, for the third quarter of 2017. The results announced are for the period ended September 30, 2018, and therefore,

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FAA and Boeing updating airlines on 737 Max sensor issue after Lion Air crash

On October 29 a Lion Air Boeing 737 MAX crashed into the sea shortly after taking off from Jakarta, Indonesia, killing all 189 passengers and crew on board. The focus of the investigation has turned to the flight data sensor and possible incorrect readings. According to Bloomberg News, “under some circumstances, such as when pilots

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Rolls-Royce signs engine and service agreement with China Eastern

Rolls-Royce has signed a Trent XWB engine and long-term TotalCare® service agreement with China Eastern Airlines involving the airline’s 20 Airbus A350-900 aircraft. The agreement, worth over CNY10 billion (over US$1.1bn), is expected to be one of the largest deals announced at the first China International Import Expo (CIIE) taking place in Shanghai from 5-10

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Turkish Airlines posts record profit in first 9 months 2018

Turkish Airlines has posted record profit from its main operations of US$1.149 billion, in the first 9 months of 2018, despite increasing fuel prices. Turkish Airlines, increased both passenger and cargo revenues, achieving a total revenue of approximately US$4 billion in the third quarter of the year. Sales revenue in the first nine months increased

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Satair and Regent Aerospace sign long-term co-operative agreement for aircraft cabin upgrades and refurbishments

Satair and Regent Aerospace Corporation of Valencia, California, USA, have signed a multi-year, global, co-operative agreement at the MRO Asia-Pacific exhibition in Singapore, for the MRO solution and supply of aircraft cabin repairs, refurbishment, modifications, reconfigurations and upgrades and refurbishments for Satair’s integrated approach to offer additional MRO services and solutions for airlines, lessors and

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