L-3 Communications acquired UK-headquartered CTC Aviation Group, now known as L-3 CTC. The purchase price is £143m (approximately US$220m)and was funded with cash on hand. The acquisition is expectedto be immediately accretive to L-3’s results of operations. L-3 CTC is a high-quality, global airline pilot training and crew resourcing specialist that offers customized and innovative
AJW China reported the signing of a prestigious PBH agreement with West Air, part of the Hainan Group. The agreement supports engine LRUs for West Air’s fleet of V2500 powered A320s. Over its 10 year duration, the escalating agreement will support West Air’s growing fleet of A320s, which is projected to increase from the current
Jet Aviation has seen a significant increase in demand for aircraft management and flight support services in recent months. The company has added 12 aircraft to its global aircraft management fleet this year, including 5 aircraft in EMEA and Asia and 7 in the U.S. Jet Aviation has added four Gulfstream G650s and a Global
In January of this year IAG made the third of three firm offers for Irish airline Aer Lingus at €2.55 ($2.78) per share. Unlike the previous offers, this was received more favourably by Aer Lingus, but was once again conditional upon on IAG obtaining support for the offer from the carrier’s two key shareholders: Ryanair
Gogo, a leading global aero communications service provider, has received first of two STCs from the FAA that will be required for Gogo’s 2Ku next generation satellite connectivity service. The initial certification will allow Gogo to conduct flight tests on its own 737-500 flying lab. Gogo will begin testing with one antenna and expects to
Bombardier appointed Jim Vounassis as Vice President, Operations Strategy, effective June 15th, 2015. In this new position, Mr. Vounassis will conduct a detailed review of the company’s operations and implement strategies to increase value creation across the organization. In addition, he will lead Bombardier’s global action plan, focusing on improving profitability and execution to transform
VistaJet Malta Finance P.L.C. and VistaJet Co Finance LLC, subsidiaries of VistaJet Group Holding SA have now closed their offering of US$300m aggregate principal amount of 7.750% senior unsecured notes due 2020. Interest on the 5-year notes is payable semi-annually on June 1st and December 1st, beginning on December 1st 2015. The notes are guaranteed
AJW Aviation has signed an agreement for an additional two A320 aircraft under the auspices of its ten year PBH contract with Lithuanian airline, Avion Express. “The power-by-the-hour support that AJW provides for this part of our European operation now covers all fourteen A320 aircraft; offering full ATA coverage and on-site stock” said Aleksei Lupitski,
According to the International Bureau of Aviation (IBA), deals within the aviation industry are now subjected to even greater scrutiny to safeguard the interests of investors and owners. It has become a data intensive environment to satisfy the stringent reviews of credit committees and other risk analysts’ teams. Understandably so, considering the money invested in
It has been reported that on Monday, May 25th, this week two US fighter jets escorted Air France flight 22 to JFK airport. This plane was a one of a number of US- bound commercial flights which were subject to anonymous threats on Monday, possible all from the same source. US officials have indicated that
