AeroCentury, an independent aircraft leasing company, reported its unaudited operating results for the first quarter ended March 31, 2015. In the first quarter of 2015, net income was US$0.8m compared to net income of US$0.4m for the first quarter of 2014. Total revenues were US$8.6m for the first quarter ended March 31st, 2015, compared to
Euravia Engineering celebrates its 3rd consecutive contract for PT6 MRO services in support of a major Middle East operator. The award of this multi-million dollar contract further demonstrates Euravia’s ability to continue to offer high-quality, cost-effective services to its customers in the region. Approved by FAA, EASA, TCCA, various OEMs and numerous National Airworthiness Authorities,
At a time when other sectors of Roll-Royce are suffering order cancellations, good news for the company has come in the form of its largest ever order in its long and distinguished history. Having been mooted in the past, Emirates have now confirmed their order for Rolls-Royce to supply engines to power their 50 Airbus
American’s leading charter carrier Omni Air International has chosen Messier-Bugatti-Dowty Wheel and Brake Repair and Services, the North American subsidiary of Messier-Bugatti-Dowty (Safran), to handle the maintenance, repair and overhaul (MRO) of wheels and brakes installed on its Boeing 767 fleet. This exclusive partnership, which was originally established in 2009, has now been extended through
Airbus’ successful widebody A330 Family has passed the major milestone of winning over 1,500 firm orders from over 100 customers. Total sales to date (1,501) include a recent order for four A330-200 Freighters from Turkish Airlines and 25 A330-900neo from Air Lease Corporation. The A330 is one of the world’s most efficient aircraft with best
UTC Aerospace Systems is introducing the world’s first active side-stick controller for large commercial aircraft. UTC Aerospace Systems’ Actuation & Propeller business unit is supplying the active side-sticks for the cockpit of the new Irkut MC-21 single aisle aircraft. The MC-21 family of aircraft will include two versions ranging from 150 to 212 seats. The
FLY Leasing, a global leader in aircraft leasing, re-priced its 2012 Term Loan. The interest rate on the amended loan will be LIBOR plus 2.75%, a 0.75% reduction from the previous margin. In addition, the LIBOR floor will be reduced from 1.00% to 0.75%. As of December 31st, 2014, the facility had an outstanding principal
Airbus Defense and Space has selected Airbus DS Military Aircraft in Mobile, Alabama as the new worldwide support center for the C212 aircraft series, which includes the 100, 200, 300 and 400 variants. Celebrating its tenth anniversary in Mobile, Airbus DS Military Aircraft continues to increase its service and support capabilities in repair and overhaul
Ameron Mass Systems, a unit of AMETEK Aerospace & Defense and a pioneer in the development of high-performance aerospace and defense components, has been selected by Bell Helicopter to provide the cargo and engine bay fire suppressant systems for the new Bell 525 Relentless commercial super-medium helicopter. Mass Systems, the OEM division of AMETEK Ameron,
Dubai Aerospace Enterprise (DAE) reported net income for 2014 of US$159.5m (AED 586m), an increase of 43% from US$111.6m (AED 410m) in 2013. Revenue for full year 2014 increased to US$2,112m (AED 7,761m) from US$2,105m (AED 7,735m) for full year 2013. DAE Managing Director Khalifa H. AlDaboos said: “The 2014 financial results reflect a sharp
