The pilots of FedEx Express, represented by the Air Line Pilots Association, Int’l. (ALPA), approved a new contract agreement with FedEx management. The new agreement provides across-the-board increases to hourly pay rates and new-hire compensation, a significant signing bonus, retirement plan enhancements, work-rule improvements, and other positive modifications. The new agreement will go into effect
Coast Composites, an Ascent Tooling Group company, was awarded a contract by Boeing to manufacture the largest-ever wing skin molds. Ascent will produce a set of lay-up tooling, consisting of four individual molds, to be used at Boeing’s new facility in Everett, Washington, to manufacture the 777X’s composite wing skins. Coast Composites will manufacture the
Hawaiian Airlines plans to introduce new luxury design elements and enhanced service options in its A330 premium cabins, including the addition of 180-degree lie-flat seats. The premier global carrier for leisure travel to Hawaii has developed its new seats in partnership with Optimares, an Italian manufacturer focused on traveler-centric design. The first newly outfitted aircraft
Embraer Executives Jets celebrated the delivery of the 300th Phenom 300 business jet. The commemorative aircraft was accepted by an undisclosed US customer at Embraer’s facility in Melbourne, Florida, on October 15th. The Phenom 300 is in operation in 28 countries and has accumulated over 250,000 flight hours. In six years of operation, the Phenom
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
