Rolls-Royce has been selected by International Airlines Group to provide Trent XWB engines for eight Airbus A350-900 aircraft. The aircraft will be operated by Iberia and are in addition to eight Trent XWB-powered A350-900s ordered by IAG for Iberia in August last year. Iberia already operates 17 Trent 500 powered A340-600 aircraft and today’s announcement
Airbus sees an important potential market for its new ACJneo Family in Latin America, which is home to large numbers of billionaires, as well as many large companies and governments. The number of billionaires in Latin America is forecast to grow to 580 by 2017, an increase from 450 in 2012. The figures include 240
Despite assurances that further job cuts would be a last-resort measure, Thai Airways International has announced the loss of 1,400 jobs from its original workforce of 25,000, with the possibility that that number could be further reduced to 20,000. This reduction in numbers is described by Thai Airways as “part of a cost-reduction exercise …
HAECO Cabin Solutions will expand its design engineering and interiors product manufacturing capacity in a new, 259,000 ft² facility in High Point, North Carolina. The building is in close proximity to HAECO Americas’ headquarters in Greensboro. Renovations will start in 2015 and the facility is expected to be operational in the first quarter of 2016.
Waypoint Leasing, an independent helicopter lessor, has closed its second transaction with Lider Taxi Aereo S/A, the leading provider of helicopter services to the Brazilian offshore energy industry. The transaction included the purchase and leaseback of a Sikorsky S-92 helicopter, which will operate in support of offshore oil and gas operations in Brazil.
El Al Israel Airlines announced an aircraft acquisition program of wide-body aircraft, conducting exclusive negotiations with Boeing for the purchase and lease of 15 wide-body 787-8 and 787-9 Dreamliner aircraft to commence arriving in mid-2017. During the next five years, these aircraft are going to replace the 747-400 and 767 fleets and are designated to
Constant Aviation Rotable Exchange (CARE), a parts sourcing and distribution company, has moved into their new showhouse and increased their available parts inventory by an additional US$3.5m, bringing their total inventory to over US$48m with over 54,000 line items. “We recently made the full transition into our new showhouse, which serves as our main distribution
Known as the Sage of Oregon, Warren Buffet, owner of investors Berkshire Hathaway, has continued his heavy investment in American companies. This time he has used over half of his company’s financial resources of $67bn with the purchase of Portland, Oregon-based Precision Castparts, which manufactures nuts, bolts and other fasteners, commercial and military airframe aerostructures,
TAT Technology, a leading provider of services and products for the commercial and military aerospace and ground defense industries, has entered into a definitive agreement to acquire Chromalloy Israel for approximately US$3.5m (subject to certain price adjustments) in cash payable at the closing of the transaction. TAT shall pay additional amounts of up to US$
United Airlines launched United Ground Express, a wholly owned subsidiary, to provide ground handling services at select airports. Although it is a separate company from United Airlines, United Ground Express will align with United’s flyer friendly customer service philosophy. United Ground Express recently began recruiting to place qualified applicants in available positions and launched a
