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Sriwijaya Air takes delivery of two new Boeing Next-Generation 737-900ERs

Boeing and Sriwijaya Air celebrated the delivery of two new Next-Generation 737-900ER (Extended Range) airplanes. This is the first all-new airplane delivery for Sriwijaya Air, Indonesia’s third largest carrier. The Jakarta-based airline operates an all-Boeing fleet of 737 airplanes and offers flights to various Indonesian destinations and a select few international cities. The new 737-900ERs

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FedEx pilots, management reach tentative agreement after years of bargaining

FedEx pilots, represented by the Air Line Pilots Association, Int’l (ALPA), reached a tentative agreement with FedEx management on an amended collective bargaining agreement. The parties have been actively negotiating since 2011. Discussions started in 2011 under a special interim discussions agreement that had originally been made by both parties to assist in narrowing the

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Hong Kong Aviation Capital closes new $725m 5 year warehouse facility

Hong Kong Aviation Capital (HKAC) announced the completion of a new $725m secured limited-recourse warehouse facility. The facility provides HKAC significant flexibility with 100% blind capacity to finance its future aircraft deliveries or refinance existing aircraft. The facility was oversubscribed and is priced competitively at a margin of 2.00%. The facility was structured by Credit

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HEICO acquires leading F-16 spares manufacturer

HEICO Corporation has acquired 80.1% of Aerospace & Commercial Technologies (ACT), a leading provider of products and services necessary to maintain up-to-date F-16 fighter aircraft operational capabilities. ACT’s leadership team will continue to own 19.9% of ACT. The purchase price and financial details were not disclosed. HEICO stated that it expects the acquisition to be

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Qantas announces strong full year profit

Qantas posted its strongest profit since before the Global Financial Crisis, a AU$505m capital return to shareholders and a Boeing 787 Dreamliner order to start a new era for Qantas International. For the 12 months to 30th June 2015, Qantas reported an Underlying Profit Before Tax of AU$975m and a Statutory Profit Before Tax of

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Pan Am International Flight Academy approved by FAA to provide ATP-CTP training

Pan Am International Flight Academy has been approved by the Federal Aviation Administration (FAA), effective immediately, to conduct the Airline Transport Pilot Certification Training Program (ATP-CTP), a new training requirement for pilots wishing to qualify for the FAA Airline Transport Pilot exam. Increased safety was the number one goal in the FAA changes made which

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Greek government confirms go ahead with €1.2bn Fraport airport deal

The Greek government has confirmed the revival of a deal originally agreed back in 2014 for Fraport to lease 14 airports, predominantly tourist destinations including Corfu, for a period of forty years. Fraport and Greek energy firm Copelouzos had agreed one of country’s biggest privatization deals since the start of the debt crisis with the

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