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
Boeing has signed a contract with British Airways to provide component services for its 787 Dreamliner fleet. Under the 12-year agreement, Boeing will supply British Airways 787s with a carefully selected pool of high-value parts, enabling the airline to reduce its inventory management costs while improving component availability. Component Services, part of Boeing GoldCare, offers
Avolon, the international aircraft leasing company, has entered into an Exclusivity Agreement with Bohai Leasing granting Bohai exclusivity to negotiate with Avolon until September 7th, 2015 with respect to the possible acquisition of 100% of the issued and outstanding common shares of Avolon at a price of US$32 per share. During the Exclusivity Period, Bohai
NordStar Airlines has signed a GTA with AJW Engines to provide engine shop visit management services for CFM56-7B engines. AJW Group has worked with the airline for several years providing specialist component support; however this is the first time that AJW Engines’ specialist services have been integrated into the programme. An experienced team of professional
Embraer Executive Jets has delivered the first Legacy 500 midsize jet to a customer in Mexico. The aircraft will be operated by Transpaís Aéreo, a subsidiary of the Lomex Group Aeronautics Division. The Legacy 500 was awarded type certification from Mexican’s Civil Aviation Safety Authority in June.
BGS, an international provider of ground handling and aircraft fuelling services, announced its expansion to the Estonian market. The company is expecting to service its first customers at Tallinn Airport already in October, 2015. The newly established subsidiary of BGS named Baltic Ground Services EE OÜ will launch its operations by offering JET A-1 into-plane
Africa has been a dormant market for the Chinese airline industry since the loss-making China Southern’s Beijing-Dubai-Lagos route was suspended back in 2009 after the airline made a loss of CNY400m (US$64m). However a change in Chinese government policy now sees the implementation of a number of measures to break into the African market. China
