AeroCentury, an independent aircraft leasing company, has closed a new revolving credit facility. The $180m credit facility replaces the Company’s former $130m facility and can be expanded to $200m. The facility has a five-year term ending on May 30, 2019. The credit facility syndication was led by Union Bank, N.A. as Sole Lead Arranger, Sole
Israel Aerospace Industries, Israel’s leading aerospace and defense company, issued its consolidated interim financial statements for the three months ended March 31, 2014. The Company showed record sales and an increase in gross profit against the slowdown in the activities of the Bedek Aviation division and conversion of passenger aircraft to cargo configurations. The Company’s
CHC Helicopter’s Brazil unit opened a new, much larger hangar for its existing offshore flying operations in Cabo Frio. BHS (Brazilian Helicopter Services Táxi Aéreo) is a subsidiary of CHC, a global leader in helicopter services and the operating company of CHC Group (HELI). The 6,500-m² (about 70,000-ft²) hangar includes significantly expanded facilities for BHS
Lufthansa Technik Shenzhen (LTS) is expanding its maintenance, repair and overhaul (MRO) offer for the Asia-Pacific region even further. On May 21st, LTS has celebrated the opening of two new buildings. The new workshops, warehouse, offices and training rooms are housed on 16,000 m². The Chinese composite structures specialist, headquartered at Bao’An International Airport in
Following the successful launch of its aviation business in Turkey, a leading provider of corporate aviation maintenance and completion services, AMAC Aerospace reported that its facility at Ataturk International Airport, Istanbul has become a Dassault appointed Authorised Service Centre (ASC). AMAC Aerospace Turkey achieved EASA Part-145 approval for Falcon 900 & Falcon 900EX EASy models
Etihad Regional will introduce five new routes expanding the airline’s operations out of Zurich to eight destinations. Building on its network expansion strategy, Etihad Regional will commence daily services from Zurich to Linz (Austria), Lyon (France) and Verona (Italy). From Zurich, the airline will also operate to Düsseldorf (Germany) two times per week, and to
Dassault Aviation launched the Falcon 8X, the newest addition to the Falcon family in the ultra long range category. The Falcon 8X will offer a range of 6,450 nm (11,945 km) and will feature the longest cabin of any Falcon. Moreover, it will offer the same low operating economics and the remarkable operating flexibility for
United Airlines has introduced the Embraer 175 aircraft to the United Express fleet, with service on the modern and spacious regional jet operating between Chicago and top business markets Washington and Boston. United Express carrier SkyWest Airlines began Boston service on May 19th. Service between Chicago and Ronald Reagan Washington National Airport began Saturday, May
Copa Holdings reported net income of US$151.4m for 1Q14. Excluding special items, Copa Holdings would have reported an adjusted net income of $153.6m, a 23.5% increase over adjusted net income of US$124.4m for 1Q13. Operating income for 1Q14 came in at US$177.0m, a 24.1% increase over operating income of US$142.6m in 1Q13. Operating margin for
Aircastle reported first quarter 2014 net income of $5.8m down $17.3m and adjusted net income of $13.3 million. The first quarter results included operating and finance lease revenues of $178.3m versus $160.5m in the first quarter of 2013, up 11%. Thus far in 2014, Aircastle acquired or has committed to acquire thirteen aircraft for more
