Finnair has acquired Flybe Uk’s 60% ownership of Flybe Nordic for a transaction price of €1 and Flybe Nordic will transfer to Finnair’s ownership on an interim basis. The transaction has been closed on March 31st, 2015. Finnair continues discussions about the continued ownership of Flybe Nordic. Finnair and StaffPoint Holding and G.W. Sohlberg signed
UTC Aerospace Systems has been selected by Qatar Airways to supply the wheels and carbon brakes for its fleet of 43 Airbus A350-900 aircraft. The company will provide the equipment through its Landing Systems facility in Troy, Ohio. Qatar Airways took delivery of their first A350-900 aircraft in December 2014. The A350 XWB carbon brakes
Ionbond reported that Airbus S.A.S has certified the Greensboro NC, USA coating center for the production of PVD coatings according to Airbus process specifications (AIPS). The certification will allow the facility in Greensboro to provide coatings to Airbus directly and through its suppliers. Ionbond has been a supplier to Airbus in Europe for a number
Doric has structured investments in four regional aircraft for two family offices. Doric took delivery of the ATR72-500s in Finland at the end of March 2015. Each plane is leased to Finnair for a period of eight years. Three of the aircraft were 100% equity financed; one aircraft was part-financed by NordLB. In addition to
HAECO Group announced that Hong Kong Aero Engine Services Limited (“HAESL”), the Group’s engine services facility in Hong Kong, has taken delivery of its first Rolls-Royce Trent XWB engine. The engine will support the crosscalibration of HAESL’s test cell, marking an important milestone in the company’s progress towards development of full Trent XWB capability. HAESL
Based out of Greensboro, North Carolina, the Honda Aircraft Company has received its first provisional type certificate for the all-new Hondajet Model HA-420. Melvin Taylor, who is the manager of the FAA’s Atlanta Aircraft Certification Office (ACO) stated that: “It is a pleasure for the Atlanta ACO to issue Honda Aircraft Company a provisional type
Air China has selected Rolls-Royce Trent 1000 engines and long-term TotalCare support. The engines will power 15 new Boeing 787-9 Dreamliner aircraft. The decision continues a strong relationship with the airline, which has 49 Trent 700-powered Airbus A330 aircraft in service, with four to be delivered, and ten Trent XWB-powered Airbus A350XWB aircraft on order.
Avioserv, an established late-life aircraft engine parts management company based in San Diego, has been acquired by Aergen Leasing (“Aergen”). Avioserv specializes in the sale, lease and trading of engine parts, engine components and whole engines to airlines, repair facilities and parts distributors. The combined companies have raised an initial US$200m of committed equity capital
AAR reported third quarter fiscal year 2015 consolidated sales of US$380.1m and net loss of US$34.5m after discontinuing operations of Telair Cargo Group and Precision Systems Manufacturing. For the third quarter of the prior fiscal year, the Company reported sales of US$399.8m and net income of US$17.9m. Third quarter fiscal year 2015 income from continuing
Global aviation educator Airways Aviation is opening its latest Aviation Theory School in Baghdad later this month, paving the way for aspiring Iraqi pilots to launch their flying careers. The new Iraqi school, equipped with modern teaching facilities including a flight simulator, is located in the education precinct close to the University of Baghdad and
