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
Munich based operator, MHS Aviation has taken delivery of it’s first Gulfstream G650, this also marks the debut of the aircraft in Germany. The G650 is the ultimate long-range business jet and flies up to 7,000 nm (12960 km) nonstop with 8 passengers. The aircraft gives MHS Aviation the capacity to conduct nonstop, fast flights
Following the news released on Friday that Air France intend to take substantial measures to help reduce expenditure, violence erupted at today’s management meeting when it was stormed by protesters. Xavier Broseta, Head of Human Resources, had the shirt ripped from his back as he made his way out, being forced to climb a fence
Rolls-Royce will invest nearly US$600m to modernize its manufacturing operations in Indianapolis and to conduct technology research, ensuring that Indiana remains a leader in the aerospace industry for decades to come. The modernization plan will enable the company to become more competitive by replacing outdated facilities and accelerating the introduction of new and advanced manufacturing
More than 400 employees of Fraport AG simultaneously performed the symbolic first cut of the spade on October 5th, marking the ground-breaking and start of construction for Frankfurt Airport’s new Terminal 3. This symbolic act has set the stage for securing the future competitiveness of Frankfurt Airport and, consequently, new job opportunities in the Frankfurt/Rhine-Main
Lightweight metals leader Alcoa has signed an approximately US$1bn contract with Airbus for high-tech, multi-material aerospace fastening systems. The deal is Alcoa’s largest fastener contract ever with the aircraft manufacturer. Alcoa’s fasteners will be used to assemble some of Airbus’s latest high-growth airplanes, including the A350 XWB, Airbus’ newest commercial airplane, and the A320neo. In
Global Jet Capital, a provider of financing solutions for large-cabin, long-range private jets, has agreed to purchase the aircraft lease and loan portfolio of GE Capital Corporate Aircraft in the Americas representing approximately US$2.5bn of net assets. Shawn Vick, Executive Director of Global Jet Capital said, “We are investing heavily in growing the business both
