In a move aimed at increasing working capital and to aid the purchase of additional aircraft, BOC Aviation, the aircraft leasing arm of the Bank of China, is to sell off up to 40% of the firm through a listing of new and old shares on the main board of the Hong Kong Stock Exchange.
EL AL has signed an exclusive, five-year Maintenance Service Agreement with Pratt & Whitney to provide maintenance services on up to 17 additional PW4000 engines. This agreement supplements the 27 EL AL engines that Pratt & Whitney already services. “One of our core values is to work relentlessly and without compromise for our customers’ safety,”
Cathay Pacific Airways has signed a long term maintenance agreement with Revima APU for the support of Auxiliary Power Units (APU) installed on the airline’s Boeing 747-400 and 747-8F aircraft, and on Airbus A300-600F aircraft operated by its subsidiary AHK Air Hong Kong. Through this multi-year agreement, Revima APU will provide repair and maintenance services
BOC Aviation signed an agreement to sell a portfolio of 24 aircraft to Shenton Aircraft Investment I Ltd. and affiliates (“SHNTN 2015-1”). To finance a portion of the purchase of the aircraft portfolio, SHNTN 2015-1 has issued two tranches of notes, comprising US$747.4mn of 4.75% Series A notes (A, Standard & Poor’s / Fitch Ratings)
After the postponement from June this year, Mitsubishi Aircraft has confirmed the time for the new maiden flight as between October 26th and 30th, the exact date being released one day in advance of the actual flight. A subsidiary of Mitsubishi Heavy Industries, Mitsubishi Aircraft have designed the Mitsubishi Regional Jet (MRJ) with between 70
Vector Aerospace, a global independent provider of aviation maintenance, repair and overhaul (MRO) services, is pleased to announce its support of the new PW100SMARTSM range of service offerings introduced by Pratt & Whitney Canada (P&WC) for PW100 turboprop operators. The PW100SMARTSM suite of offerings is designed to help operators keep their aircraft flying with predictable
ATL Partners, an aerospace and transportation focused private equity firm, is partnering with the Public Sector Pension Investment Board, one of Canada’s largest pension investment managers, to form SKY Leasing. As part of the transaction, SKY Leasing will acquire certain assets of Sky Holding Company (“SHC”) controlled by leasing industry veteran Richard Wiley. Mr. Wiley
Air Atlanta Aviaservices, a provider of component maintenance, repair and overhaul (MRO) services, utilized Quantum Control MRO and Logistics software to help grow its operations. Located near Gatwick Airport in Crawley, UK, Air Atlanta Aviaservices has expanded its user base from 20 to 38, and added a second database for its parts sales facility in
Troubles at Air France came to a head last week when scuffles broke out at a management meeting intended to discuss the raft of expected redundancies subsequent to the failure of the recent rounds of talks between the airline and unions. As part of Perform 2020 the airline has set itself the target of reducing
Avolon (AVOL), the international aircraft leasing company, announced the delivery of one Boeing 737-800 aircraft to Malindo Air. This is Avolon’s second aircraft on lease to Malindo Air.
