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Bohai Leasing agrees to acquire Avolon for US$31 cash per share

Avolon, the international aircraft leasing company, has entered into a definitive merger agreement (the “Merger Agreement”) to be acquired by Bohai Leasing, at a price of US$31 cash per common share (the Transaction). Under the terms of the Transaction, which has been unanimously approved by Avolon’s Board of Directors, all Avolon shareholders will receive US$31

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Aeroflot to rescue ailing Transaero with 75% stake purchase

Transaero, Russia’s second-largest airline, has been struggling to stay afloat after the airline’s net debt totaled RUB106 billion at the end of 2014. An Aeroflot spokesman was quoted as saying “Transaero will be completely overhauled and integrated into the Aeroflot group.” According to a Transaero statement, the deal was concluded during a meeting with Igor

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Emirates takes delivery of its 150th Boeing 777

Emirates Airline celebrated the simultaneous delivery of three 777s – two 777-300ERs and one 777 Freighter – marking the entry of the 150th 777 into Emirates’ fleet. This is the first time in 15 years that Boeing has delivered three 777s at one time to a single customer. Emirates is the world’s largest operator of

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Boeing and Jet2.com finalize order for 27 Next Generation 737-800s

Boeing and UK Leisure Airline Jet2.com have finalized an order for 27 Next Generation 737-800s, valued at approximately US$2.6bn at current list prices. Jet2.com currently operates an all-Boeing fleet of nearly 60 aircraft; however, this is the organization’s first direct Boeing order. The aircraft will be used to take the company’s package holiday and flight

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STG Aerospace secures FAA STC for liTeMood installation on Boeing 737NG

STG Aerospace, a leader in pioneering aircraft lighting technologies, has secured a FAA Supplemental Type Certificate (STC) for its market leading liTeMood® LED cabin lighting system on the Boeing 737NG. This important milestone forms part of the company’s strategic plan to certify liTeMood for global coverage and was achieved following selection by Miami Air International

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MTU Maintenance extends V2500 MRO contract with Turkish carrier Atlasglobal

MTU Maintenance and the Turkish carrier Atlasglobal Airlines, formally known as Atlasjet Airlines, have extended their cooperation regarding the maintenance of Atlasglobal’s V2500 engines. Over the next five years, MTU Maintenance will continue to provide the airline with exclusive MRO services for this engine type. The cooperation between MTU and Atlasglobal dates back to 2006

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Rivals likely to benefit as more strikes loom at Lufthansa

For an airline struggling to maintain its market share against stiff opposition, further strikes at Lufthansa could see it struggle further after a period of 18 months where numerous strikes have already cost it hundreds of millions of euros. Currently Vereinigung Cockpit (VC), which represents approximately 5,400 pilots at Lufthansa, has agreed to certain concessions

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Delta TechOps signs five-year MRO services agreement with WestJet Airlines

Delta TechOps, Delta Air Lines’ maintenance division and Maintenance, Repair and Overhaul (MRO) provider business, signed a new five-year agreement with WestJet Airlines. Delta TechOps will provide exclusive component maintenance-per-flight-hour support for WestJet’s four Boeing 767-300ER aircraft. The agreement will cover various aircraft component services for hydraulics, pneumatics, avionics, fuel and oil systems on the

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