Gulfstream Aerospace announced that Qatar Executive has agreed to purchase up to 30 Gulfstream aircraft as part of a Memorandum of Understanding originally announced in October of last year. The original sale called for Qatar Executive to purchase up to 20 Gulfstream aircraft, including the all-new Gulfstream G500. The recently signed final agreement increases the
Embraer Executive reported that Middle East Airlines – Airliban (MEA) has placed an order for one midsize Legacy 500 and an option for a second aircraft of the same model. The delivery of this aircraft is scheduled for the fourth quarter of 2015. MEA, the national airline of Lebanon, is establishing a business jet company
Acropolis Aviation, one of Europe’s leading luxury air charter companies, will be the launch customer of a brand new aircraft – the Airbus ACJ320neo. The aircraft will enter service in early 2020. Acropolis CEO, Jonathan Bousfield, signed the contract for the newest member of the Airbus family with John Leahy, Chief Operating Officer, Customers and
Lufthansa Bombardier Aviation Services (LBAS) has won the contract to perform 7800-landings inspections on Swiss Air Ambulance’s (Rega) fleet of three Challenger 604 aircraft. Industry wide, this is the first time an inspection of this type was ever performed. Two aircraft have been completed up to today and the third aircraft is currently in progress.
Embraer and China’s Tianjin Airlines, a subsidiary of the HNA Group, have signed the final agreement for the sale of 22 aircraft. The contract, with an estimated value of US$1.1bn at current list prices, comprises 20 E195s and two E190-E2s, making HNA Group Tianjin Airlines the first Chinese airline to order the E-Jets E2s. The
Romanian aerospace company Aerostar S.A, has released its financial results for 2014 recording another successful financial year, with turnover up 23%, and net profits increased by 25%. Exports represented 70% of turnover, there was continued Investment in plant, machinery and training, with employment remaining stable at around 1900 people. Aerostar continued implementing its strategy of
Aviation Partners released that the U.S. Federal Aviation Administration (FAA) granted Supplemental Type Certificate (STC) approval for the Split Scimitar Winglet (SSW) retrofit on BBJ aircraft. European Aviation Safety Agency (EASA) approval is expected to follow shortly. The approval was granted to Aviation Partners Boeing (APB), a joint venture between API and The Boeing Company,
Marshall Aviation Services, the business aviation-focused arm of Marshall Aerospace and Defence Group, is preparing to expand activities at its newly secured Fixed Based Operation (FBO) facility at Birmingham International Airport, UK. The Birmingham FBO will also be home to a new aircraft sales office for Marshall Aircraft Sales, specific to a new business jet
The group has recorded the highest profit in its history and the outlook remains strong. Liquidity is at a record high and there is no long-term interest bearing debt on its balance sheet. Whilst Small Planet‘s revenue grew modestly from the year before (9.2%), its profit before tax reached €8.2m compared with €1.7m for the
In what has been seen by many as a potential case of double jeopardy, Judges in the Paris Criminal Court have dropped all charges against a number of individual and corporate defendants in a case of alleged insider trading at Airbus which relates to events that took place in 2006. The trial itself began last
