Aircastle reported that it extended the maturity of its existing unsecured revolving credit facility. The facility, which will be used for working capital, including the acquisition of aircraft, is for US$600m and will now expire on May 13, 2019. Mike Inglese, Aircastle’s CFO, stated, “We appreciate the strong continued support of our bank group and
Vector Aerospace, a global independent provider of aviation maintenance, repair and overhaul services, announced the opening of its new MRO facility in Singapore and concurrently the signing of a 3 year MOU with the Republic Polytechnic of Singapore. The new 5,200 m² Vector Aerospace state of the art facility will be a Pratt & Whitney
China’s entry into the aviation market with a direct competitor for the latest variants of the Airbus A320 and Boeing’s 737, the Comac C919, has been a project beset with problems since its inception, and news has leaked out that its first flight scheduled for the end of 2015 has now been postponed until the
The first A350-900 for TAM Airlines is progressing well in the Final Assembly Line (FAL) in Toulouse, France, with joining of the wings, the horizontal and vertical tail plane, the main landing gear and the tail cone to the fuselage. The A350 XWB is made of 70% advanced materials, including 53% composites, and incorporates the
Air Lease Corporation announced long term lease agreements with Hainan Airlines for two new Boeing 787-9 aircraft, both from ALC’s order book with Boeing. ALC has ordered 46 new Boeing 787-9 and 787-10 aircraft in total for deliveries beginning in spring 2016.
Eastern Air Lines Group report that its operating subsidiary, Eastern Air Lines, has received an Air Carrier Operating Certificate from the US Federal Aviation Administration. Eastern received its certificate and “Part 121” operations specifications, which authorize passenger charters with large aircraft, in a short ceremony on May 13th, at Eastern’s headquarters in Building 5A at
GE Capital Aviation Services (GECAS) announced delivery of a new leased Airbus A321 aircraft to Air China.The aircraft is part of GECAS’ existing order book with Airbus. Air China is a longstanding GECAS customer and is the flag carrier of the People’s Republic of China with a fleet of more than 300 aircraft.
North America-headquartered completion and refurbishment specialist Flying Colours Corp. has inaugurated its interiors facility at the Bombardier Service Centre, Seletar Airport, Singapore. The grand opening ceremony, took place on April 21st. With a capacity for multiple aircraft projects to be undertaken at any one time Flying Colours has already completed its first project to refinish
Finnair, the first European airline to operate the Airbus A350 XWB aircraft, has awarded Lufthansa Technik a 12-year agreement for component support for the new aircraft type. Lufthansa Technik is one of the leading providers of technical services for the aviation industry, and the agreement with Finnair is the company’s first contract for A350 XWB
Finnair is strengthening ties with fellow oneworld alliance members Japan Airlines and Qantas, with new codeshares on the airlines’ respective services to Busan, South Korea and Perth, Australia. Busan is a new addition to Finnair’s extended network, which Finnair passengers can now reach daily via Tokyo Narita on services operated by Japan Airlines. The new
