Nordic Aviation Capital A/S (NAC) has increased the Debt facility it signed in January 2015 to US$400m. The company will use the proceeds to part finance the acquisition of turboprop and regional jet aircraft, which will then be leased to airline partners around the world. The US$400m facility was led by Deutsche Bank as sole
Avolon, the international aircraft leasing company, delivered its first Boeing 787-9 to Virgin Atlantic. The delivery is the first of four B787-9 aircraft scheduled for delivery to Virgin Atlantic by Avolon.
MTU Aero Engines’ materials experts and their partners have jointly developed a new class of unique, intermetallic high-temperature materials for highly stressed engine components: Titanium aluminide (TiAl) is the name of the new lightweight material for turbine blades that combines the advantages of metallic and ceramic materials, offering the best of both worlds. The job
Airbus has celebrated the delivery of its 9000th aircraft at a ceremony in Hamburg, Germany on 20th March 2015. The aircraft is the first A321 to be delivered to Vietnamese carrier VietJetAir and will join the carrier’s all-Airbus A320 Family fleet flying on its fast-growing Asia-Pacific network. VietJetAir first took to the skies at the end
The massive devaluation of the rouble has seen Fraport AG affected quite heavily by the change in travelling and spending habits of Russians and Ukrainians. Fraport runs the world’s third largest airport at Frankfurt, as well as having other relevant financial investment with a 50% stake in Turkey’s Antalya airport, and a 35.5% stake in
PK AirFinance, a GECAS Company, closed two separate senior debt facilities with Republic Airways. PK AirFinance arranged US$81m in secured debt financing for Embraer 170LR aircraft in Republic’s fleet, holding the US$66m senior loan and a junior lender holding the US$15m tranche on the five-and-a-half year package. Separately in late 2014, PK AirFinance closed a five-year, US$30m
Bruce Aerospace has added the Airbus A321 to their list of certified platforms for their popular XLume LED lighting product line. The work was performed by Elbe Flugzeugwerke GmbH (EFW) in Dresden Germany. The product line offers airlines a drop-in replacement for the OEM supplied fluorescent cabin lighting fixtures which enhances the cabin with the environmentally
Having arrived in Hamburg as a former German government aircraft, this very special Airbus A310 has now left Hamburg again in a completely new role. Lufthansa Technik AG has delivered the new Zero-G aircraft to its French owner Novespace following extensive modifications. The former 10+21 “Konrad Adenauer” bearing the registration F-WNOV will operate in the
CIRCOR Aerospace has been recommended for recertification to ISO 9001:2008 + AS9100 C by its registration partner SAI Global, after recently completing a recertification audit with resulting three minor non-conformances. AS9100 is the internationally recognized Quality Management System standard specialized to the aerospace industry. “This achievement shows the CIRCOR Aerospace commitment to quality, customer satisfaction, and
Finnair signed on December 17th, 2014 a Memorandum of Understanding (MoU) with GOAL German Operating Aircraft Leasing GmbH for the sale and leaseback of three Embraer 190 aircraft. The transaction has now been concluded. The value of the transaction was approximately 60 million euros at current market value and the transaction will not have a
