Total Technical Care provider Magnetic MRO based in Tallinn, Estonia launches High Pressure Compressor (HPC) Blades Boroblend Repair Service for CFM56-3, -5A,-5B and -7B Engines. With the addition of HPC Blend Repair Capability, Magnetic MRO will be able to assist in AOG situations caused by FOD and be a very cost-effective solution for aircraft owners
The HAECO Group reported an attributable profit of HK$254m for the first six months of 2015. This compares with a profit of HK$283m for the equivalent period in 2014. Earnings per share decreased by 10.2% to HK$1.53. Revenue increased by 7.4% to HK$5,734m. Performance for line maintenance services of HAECO in Hong Kong was good.
On a flight between Jayapura and Oksibil in Papua, a journey which usually takes 42 minutes, Indonesia’s Trigana Aior ATR-300 crashed into Mount Tangok at just before 3pm local time, 0600hrs GMT, on Sunday. It is understood there were no survivors from the 49 passengers and 5 crew on board. Within the passenger manifest were
India’s largest domestic airline by market share, IndiGo celebrated their 9th birthday by firming up their last year’s commitment and ordering 250 A320neo Family aircraft. This historical aircraft purchase agreement was signed on the 69th Independence Day of India on the 15th of August, 2015. IndiGo placed an order in 2005 for 100 A320s which
Global aeronautical communications provider Satcom Direct Communications, has entered into a purchase agreement to acquire Airbus DS SatCom Government (ASGI), expanding its market presence and offerings to the U.S. government sector. ASGI is a government satellite communications business unit of Airbus Defense and Space for the U.S. market and will operate as a subsidiary of
OHS Aviation Services, the specialist for interior design of business jets and Lufthansa Bombardier Aviation Services (LBAS), the exclusive maintenance facility for Bombardier business jets, offer more services from a single source. “We now want to expand our successful cooperation in the form of joint customer acquisition abroad and rely on combined refurbishment and maintenance
AeroCentury, an independent aircraft leasing company, reported earnings growth of 80% to US$1.4m in the second quarter of 2015, from US$752,000 in the first quarter of 2015. Second quarter profits were fueled by the Company’s portfolio modernization program, which is generating gains from sale of older assets. Following the US$6.8m non-cash, pre-tax write-down of certain
A standoff now exists between China and the USA with regard to any ease on flight limits between the two nations. Currently the USA are refusing to accept terms offered by the Chinese for fear of being offered uncompetitive time slots, leaving the prime slots for Chinese airlines. The Chinese are now accusing the USA
Boeing do not forecast a downturn in demand for civilian aircraft and do not believe, as some do, that the current high demand has peaked, despite concerns over the slowing growth in China. Greg Smith, Boeing’s Chief Financial Officer, has made the company’s current position very clear, saying that “We’re not seeing a slowdown in
airberlin’s revenue performance in the second quarter of 2015 was characterised by tactical capacity adjustments. At €1.07 bn in Q2 2015, revenue fell by 7.0% compared to the same period last year (Q2 2014 €1.15bn). Accordingly, Group revenue also declined by -2.3% (from €1.91bn to €1.87bn) in the first half of 2015. As a result
