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
Qantas chose the GEnx-1B engine to power its recently ordered eight Boeing 787-9 Dreamliners. This engine order is valued at more than US$400m list price. Deliveries will begin in 2017.
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
GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, delivered a leased Boeing 767-300ER aircraft to Icelandair. Icelandair currently operates a fleet of 24 passenger aircraft from its Iceland hub to connect 26 cities in Europe with 14 cities in North America.
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
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
Allegiant announced an agreement to purchase its 50th Airbus aircraft, an A320, from Airbus Financial Services. The purchase marks an important milestone for the company in its long-term transition to an Airbus fleet. By the end of 2015, the company’s in service Airbus fleet will number 25, consisting of 15 A320s and 10 A319s. The
Kaman Aerosystems (Kaman) reported that its UK operation has been successful in securing a five-year contract extension on the Gulfstream G280 program for the supply of Ailerons and Winglets to Triumph Aerostructures. This takes the period of program deliveries out to 2019 and firmly consolidates Kaman as a key supplier on the G280 program. The
PPG Industries aerospace coatings have been specified by Turkish Aerospace Industries (TAI) for the initial production of its HURKUS new-generation basic trainer for the Turkish Armed Forces, with the potential for additional aircraft if production is extended. Fifteen aircraft will be painted with DEFT military polyurethane topcoat and eco-friendly lead- and chromate-free epoxy primer as
On behalf of VLM Airlines of Belgium, Skyworld Aviation reported the sale of a Fokker 50 (serial number 20121) to a Kenyan leasing entity Gikama Ltd. Previously OO-VLR, the 1988 built aircraft has been re-registered as 5Y-WFA and will be leased to Rudufu Ltd, a Nairobi-based airline. Rudufu has passenger and cargo operations in East
