Aviation Capital Group reported that it plans to use a new financing structure in conjunction with the Export-Import Bank of the United States (Ex-Im) for aircraft financing. This new structure taps capital markets that have been largely closed to commercial aviation since the credit market crisis began last September. The transaction provides for the capital
PPG Industries
Boeing forecasts a $3.2 trillion market for new commercial airplanes over the next 20 years and takes into account the industry’s near-term realities, including a global economic recession, declining passenger and cargo traffic, and unpredictable fuel prices. The Boeing 2009 Current Market Outlook (CMO), which was released in London June 11th, foresees a market for
Volvo Aero has issued notices of termination of employment to 160 white collar employees in Trollh
Air Transport Services Group announced the commencement of new wide-body freighter service for Qantas Freight between Australia and New Zealand, and for DHL between Europe and Africa. ATSG said its subsidiary Air Transport International (ATI) is scheduled to begin providing wide-body ACMI (Aircraft, Crew, Maintenance and Insurance) service for Qantas Freight between Australia and New
TriMas Corporation – a diversified manufacturer of engineered and applied products – reported that its Monogram Aerospace Fasteners business unit has developed the capability to produce seven types of titanium screws used by large, commercial airframe manufacturers. Airframe manufacturers are increasingly turning to titanium aerospace parts because of the metal’s light weight and its galvanic
The final Boeing 767 in United Airlines’ international fleet has been upgraded with fully lie-flat beds in United First and United Business. Customers traveling on an international United flight on a B767 are now ensured they will enjoy the comfort and relaxation of United’s new International Premium Travel Experience. United has completed 18 of 24
Rockwell Collins introduced a next-generation simulation architecture that leverages advanced technologies and a modular design to maximize life cycle value and enhance training effectiveness across military and civil training platforms. Designed from the user and maintainer’s point of view, the advanced CORE simulation architecture features common open reusable elements including scalable software adaptable for multiple
An unveiling ceremony held in Binhai New District of Tianjin on June 6, 2009 marked the official founding of Tianjin Aviation Ltd, a joint venture between HNA Group, Tianjin Port Free Trade Zone and Hainan Airlines Co., Ltd. The registered capital of Tianjin Aviation is RMB 1.3 billion, of which HNA Group contributed RMB 1.081
TES Aviation Group (TES) a subsidiary of DVB Bank SE, has inaugurated its new corporate headquarters and logistics facility. The 130,000 sq ft state of the art facility in Bridgend, Wales, UK, accommodates all engineering and materials operations of the engine management services solutions provider which now manages in excess of 450 engines for airlines
