GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, signed an agreement to lease two new Boeing 737 MAX aircraft to Okay Airways Company. The aircraft are scheduled for delivery in 2018 and are part of GECAS’ existing orderbook with Boeing. Okay Airways operates a fleet of more than 30
National flag carrier Air New Zealand and the European turboprop aircraft manufacturer ATR signed a contract for the purchase of 15 additional ATR 72-600s. The deal is valued at some US$375m. The airline, which ordered seven ATR 72-600s in 2011, had already exercised all of its five options as well as converted two purchase rights
The Minister of Investments and Development (MID) of the Republic of Kazakhstan, Asset Issekeshev has signed a Memorandum of Understanding (MoU) with CAA International (CAAi), the State-to-State advisory arm of the UK Civil Aviation Authority (UK CAA). The MoU supports future collaboration between the UK and Kazakhstan to strengthen the safety oversight of Kazakhstan’s Aviation
Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) has signed a partnership with Ramco Systems, which specializes in business software systems, especially in the MRO sector, to set up a joint innovation center in Singapore. A team of around ten people will work there on designing and developing innovative, rapid-deployment solutions for strategic
As a result of Air Canada’s attempts to move the majority of its heavy-maintenance operations out of Canada in 2012 by awarding a five-year contract to an American firm, Avos Fleet Performance (Avos) filed for bankruptcy protection, citing a decline in the level of business done with Air Canada. The Quebec Liberal government at that
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
Boeing forecasts airlines in the Middle East will require 3,180 new airplanes over the next 20 years, valued at an estimated US$730bn. 70% of the demand is expected to be driven by rapid fleet expansion in the region. According to the Boeing Current Market Outlook (CMO), single-aisle airplanes such as the 737 MAX will command
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
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
Wizz Air Holdings, the largest low-cost airline in Central and Eastern Europe, announced that shareholders approved the proposed purchase of 110 Airbus A321 neo aircraft on November 3rd, at a general meeting held at the offices of the Company in Geneva, Switzerland. József Váradi, Wizz Air Chief Executive said: “We welcome the approval of our
