Alcoa, a global leader in lightweight metals technology, engineering and manufacturing, has signed a long-term contract with GE Aviation for jet engine components in an agreement valued at more than US$1.5bn over the contract life. Under the deal, Alcoa will supply advanced nickel-based superalloy, titanium and aluminum components for a broad range of GE Aviation
With the introduction of legislation requiring that all recreational UAVs, or drones, weighing between .55lbs and 55lbs, are to be registered, along with the pilots themselves, it was announced by FAA administrator, Michael Huerta, that 181,000 had been registered so far. Speaking at a consumer electronics conference in Las Vegas on the 6th of January
Gama Aviation, one of the world’s largest business aviation service providers, announced the conditional acquisition of Aviation Beauport Limited; a privately owned Jersey based business offering a range of business aviation services. The acquisition of Beauport is conditional upon approval from the Jersey Competition Authority which is expected to complete by the end of February
Boeing and Air China announced an order for six additional 777-300ER (Extended Range) jetliners. The order is valued at more than US$2bn at current list prices and bolsters Air China’s long-haul widebody fleet as it looks to expand its international network. With this new order, Air China will increase its unfilled airplane orders with Boeing
Four months after their newly appointed company president and CEO, Oscar Munoz, was forced to take medical leave following a heart attack in October last year, United Airlines have revealed that he underwent heart transplant surgery on Wednesday 6th January at an undisclosed medical facility. While the operation is believed to have been a success
BOC Aviation placed an order for 30 Airbus A320 family aircraft at the end of December 2015 as it continues to build on its existing order book to fulfill customer demand. This latest order comprises 18 A320 NEO family and 12 A320 CEO family aircraft. “This order underscores our continued confidence in the reliability and
Just over 18 months after the Japan-based low cost carrier subsidiary of China’s Spring Airlines began operations, it is to receive a welcome capital boost in the form of JPY18 billion (US$151 million) from local Japanese investors, including a major real estate company and consumer electronics retailer Bic Camera. Under current legislation, as the airline
Minsheng Financial Leasing has announced the closing of a seven aircraft financing facility led by DVB. The aircraft portfolio consists of three A320-200s and four 737-800s on long-term operating leases to airlines from Turkey, Spain, China and Indonesia. DVB is the Arranger, Security Trustee and Facility Agent and also the Original Lender alongside Helaba (Landesbank
Vector Aerospace, a global independent provider of aviation maintenance, repair and overhaul (MRO) services, announced extended coverage from its UK facility for Pratt & Whitney Canada’s PW300 turbofan engine. Vector Aerospace’s Fleetlands site in Gosport has been a Designated Overhaul Facility (DOF) for the PW307A (Dassault Falcon 7X), PW308A (Hawker 4000) and PW308C (Dassault Falcon
Originally completed in 1999, Shanghai’s Pudong airport is now undergoing its third major expansion program to cope with the rapidly and originally unforeseen increase in passenger numbers which, for 2014, exceeded 51 million. Present plans include the construction of a 622,000m2 third terminal at a cost of US$3.18 billion which will cater for up to
