GE Capital Aviation Services (GECAS), delivered a leased Airbus A330-200 aircraft to Deutsche Lufthansa A.G. The aircraft is the first of up to seven leased A330-200s scheduled for delivery to Lufthansa through 2017 as part of the carrier’s fleet expansion. The remaining aircraft are currently leased by GECAS to other airline customers around the world.
Volo Aero MRO announced the purchase of Flag Precision Corp an FAA certified repair station based in Massachusetts. Flag Precision Corp was established in 1964 and became an FAA certified repair station in 1993 with a limited powerplant and airframe rating, providing specialized services. With a strong reputation of providing high precision grinding solutions to
Aeroflot has failed to acquire its planned purchase of a major stake in ailing Transaero, Russia’s second-largest and privately-owned airline which employs over 10,000 staff. As a consequence its failing financial status has been declared hazardous to passenger safety by the federal air transport agency, Rosaviatsia, and the Transavia has been grounded. Its operator’s certificate
Delta TechOps, the maintenance, repair and overhaul (MRO) business of Delta Air Lines, and Rolls-Royce are teaming up, bringing advanced jet engines from Rolls-Royce to a 100,000-ft² expanded engine shop at Delta’s Technical Operations Center in Atlanta. Rolls-Royce has named Delta TechOps an approved maintenance center for Trent civil aircraft engines to better serve jet
Blackstone and MB Aerospace (MBAe) announced that private equity funds managed by Blackstone have agreed to acquire MBAe, a leading Tier I engine component manufacturer and repair business, from Arlington Capital Partners. MB Aerospace has facilities across the U.S., U.K., and Poland. The company has a well-balanced manufacturing model providing complex machined and fabricated assemblies
AJW Group is to help TECHNIC ONE, the Russian repair and spare components business, to set up a spare parts pool for Sukhoi Super Jet (SSJ) and MS-21 aircraft, a component repair service, and a spare parts centre for CFM56 engines. The new technical/maintenance facility will be established in the special economic zone in Ulyanovsk
In the first nine months of 2015, MTU Aero Engines AG boosted its revenues by 16% to €3,257.0m (1-9/2014: €2,811.6m). The group’s operating profit grew by 23% to €333.1m (1-9/2014: €270.9m), while the EBIT margin rose from 9.6% to 10.2%. Net income increased by 30% to €231.4m (1-9/2014: €178.3 million). MTU’s commercial maintenance business recorded
Jet Midwest Group has signed an agreement with Sweden based Taby Air Maintenance (TAM) to launch FAA approved full class E cargo conversions for its B model Saab 340’s. The Saab 3408 EASA ST C has already been developed by TAM and approved by EASA. The FAA approval project will be performed at TAM’s maintenance
Garuda Indonesia booked a net income of US$51.4m through the third quarter 2015, an increase of 123.4% compared to the same period last year when it incurred a loss of US$220.1m. The Company also increased total revenue from US$2.83bn through the third quarter 2014 to US$2.84bn during the same period in 2015. Meanwhile, total expenses
airberlin is currently partly owned by Etihad Airways, the second-largest airline in the UAE, who hold a 29.2% stake in the German carrier. Etihad’s investment in the airline allowed them to create a beneficial codesharing agreement for a number of flights which cover Europe, the USA and the UAE. However the new codeshare agreement had
