Mesa Airlines announced an agreement with United Airlines to add 15 Embraer 175 aircraft to Mesa’s United Express fleet. Mesa currently operates 30 Embraer aircraft for United Airlines. In addition to the E175s, Mesa operates 20 Bombardier CRJ700 aircraft under the United Express brand. Paul Foley, Executive Vice President and COO, added, “Besides the obvious
GE Capital Aviation Services (GECAS) announced that its Regional Aircraft Group delivered two new leased Bombardier Q400 NextGen turboprop aircraft to low-cost carrier Nok Air under a purchase-and-leaseback transaction. GECAS completed a similar purchase-and-leaseback with the carrier in 2014, also for two factory-new Q400 NextGen aircraft. Formed in 2000, GECAS Regional Aircraft Group leases nearly
Rolls-Royce plc has successfully priced a U.S. dollar-denominated issue of notes (the “Notes”) raising gross proceeds of approximately US$1,498,740,000. The Notes will be issued by Rolls-Royce plc and guaranteed by Rolls-Royce Holdings plc, pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The transaction consists
AJW Engines is to provide engine shop visit management services for Cameroon Airlines Corporation (Camair-Co). An experienced team of professional engineers from AJW will manage all aspects of the shop visit for two PW4060 engines. Camair-Co has also signed a lease agreement with AJW Leasing for a replacement PW4060 engine which has been fitted to
Apollo Aviation Group (“Apollo Aviation”), a multi-strategy aviation investment manager, announced today that it raised US$833m for SASOF III, its third aviation fund. The amount raised is well in excess of SASOF III’s US$750m target. SASOF III, an institutionally-focused commingled private equity fund, follows on from SASOF and SASOF II where Apollo Aviation raised US$213m
Air Asia has yet to rebound from the financial pressure it has been placed under since the release of a damning financial report by Hong Kong-based analysts GMT Research in June this year. The report questioned the accounting practices, profit outlook, cash flow and structure of Asia’s largest low-cost airline based on fleet size. The
Kaman reported that its Aerospace segment has entered into an agreement to acquire Timken Alcor Aerospace Technologies, Inc. (TAAT) of Mesa, Arizona. TAAT designs and supplies aftermarket parts to support businesses conducting maintenance, repair, and overhauls (MROs) in aerospace markets primarily located in North America. Important factors in Kaman’s decision to acquire TAAT from The
Magellan Aerospace has been awarded a follow on contract to provide nose and main landing gear components and kitted assemblies to Messier-Bugatti-Dowty (MBD) for major commercial aircraft customers. Magellan has produced these complex machined components for MBD since 2009. The parts are manufactured in Magellan’s divisions in New York, NY, and Kitchener, ON, which are
Universal Avionics Authorized Dealer, Heli-One, completed installation of Universal Avionics UNS-1Fw Multi-Missions Management System (MMMS) and MFD-640 Multi-Function Display on a CHC Helicopter Airbus Super Puma aircraft. With a Supplemental Type Certificate (STC) in hand, rotorcraft operators have a mission-ready flight deck solution. The UNS-1Fw MMMS provides the operator with centralized control of the aircraft
LCI, the aviation leasing arm of the Libra Group, has finalised two long-term debt facilities to support over US$200m of incremental fleet growth in Australia. Westpac Banking Corporation will act as sole lender, security trustee and agent to support LCI’s recent multi-year agreement to lease four new AgustaWestland AW139 helicopters to Australia’s Westpac Rescue Helicopter
