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
AerCap has signed an agreement with Air Astana, Kazakhstan’s flag carrier, for the lease of three Airbus A321neo and one A320neo aircraft. The aircraft will be operated on the airline’s domestic and international route networks.
Chromalloy has formed a new joint venture with partner Arabian Qudra – Chromalloy Arabia – to provide the region’s growing energy and aerospace sectors with life-cycle gas turbine engine solutions including component repair, new parts, field services, system upgrades and long term service agreements, in addition to its renown Tiger Monitoring & Diagnostic System. Chromalloy
For some time Air France, a subsidiary company of Air France-KLM, has struggled over negotiations with pilots in an effort to reduce running costs. One of the major stumbling blocks which directly affects Air France is Air France-KLM’s ‘Perform 2020’ plan which includes an investment of €1 billion (US$1.1 billion) in the low-cost arm of
Vector Aerospace has signed a three-year contract with the Anaheim Police Department to provide MRO support for their Airbus Helicopters AS350B2 components. Vector provides support for Airbus Helicopters AS350, AS355, EC130, EC135, BK117, EC145, BO105, EC 225/H225 and AS332 series helicopters. With approvals for AS350/355 and EC130 airframe, engines, dynamic components and avionics MRO, Vector
Jet Aviation Basel delivered a brand new ACJ A340-600 that it outfitted with a VIP cabin interior for an undisclosed client in Europe. This is the 18th Airbus delivery from the Basel Completions Center since 1999. Equipped to carry up to 121 passengers in comfort and style, the ACJ A340-600 features a forward galley, dining
The European Aviation Safety Agency (EASA) has awarded Ukraine International Airlines (UIA) a third-country (non EU) operator’s certificate (TCO), which allows commercial air transport (CAT) operations into, within or out of any of the following territories: • the 28 Member States of the European Union • the 4 EFTA States (Iceland, Liechtenstein, Norway and Switzerland)
AerFin (UK) announces the acquisition of Airbus A320-214 MSN 925 from Intertrade – a Rockwell Collins company and delivery of the fourth Airbus A340-300 MSN 136 from Cathay Pacific Airways during September. Both aircraft will be disassembled for spare parts recovery, with serviceable inventory stored at AerFin’s 24/7 distribution facility, located at London Gatwick Airport
