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ATR signs 12-year Global Maintenance Agreement with PNG Air

Papua New Guinea’s airline, PNG Air, formerly Airlines PNG, and ATR have signed a comprehensive long-term Global Maintenance agreement (GMA) providing a total support package for the airline’s fleet of ATR 72-600 aircraft. The airline has recently received one aircraft, with further six to join the fleet within two years. The GMA contract will run

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Rolls-Royce and Liebherr-Aerospace announce name of power gearbox joint venture and start of operations

Rolls-Royce and Liebherr-Aerospace have named their 50:50 joint venture to develop manufacturing capability and capacity for the power gearbox for Rolls-Royce’s new UltraFan engine design. The new company, to be known as Aerospace Transmission Technologies GmbH, officially started operations at the site of Liebherr-Aerospace in Friedrichshafen last month. The initial team consists of nearly 30

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ST Aerospace seals landing gear MRO contract with SAS

Singapore Technologies Aerospace (ST Aerospace) has sealed an eight-year contract worth approximately US$25m (approximately S$35m) with one of Scandinavia’s largest airlines, Scandinavian Airlines (SAS). Under this agreement, ST Aerospace will provide a comprehensive range of landing gear repair, overhaul and exchange services for SAS’ fleet of Boeing 737-600/700/800 and Bombardier CRJ900 aircraft. This contract extends

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China joins ‘big jet club’ with roll out of COMAC’s C919

Approximately 4,000 people, including many senior Communist party leaders, engineers and journalists, assembled at a hangar near Shanghai’s Pudong international airport to witness the unveiling of the awaited 158-seat C919. The plane, which is a direct challenge to Boeing’s 737 and the Airbus A320, was wheeled out from behind a red curtain which said “China

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Aircastle reports third quarter net loss of US$14.0m

Aircastle reported a third quarter 2015 net loss of US$(14.0)m and an adjusted net loss of US$(9.7)m. The third quarter results included total revenues of US$212.1m, an increase of 19.4%, versus US$177.6m in the third quarter of 2014. Commenting on the results, Ron Wainshal, Aircastle’s CEO, stated “During the third quarter we took decisive measures

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WestJet posts record third quarter net earnings

WestJet posted its third quarter 2015 results, with record net earnings of CAD$101.8m as compared with the adjusted net earnings of CAD$85.4m reported in the third quarter of 2014, up 19.2% and 24.2%, respectively, notwithstanding the significant weakening of the Canadian dollar year over year and the softening of the Western Canadian economy as a

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