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
It was back in March 2006 that seven current and former managers and two former industrial shareholders chose to sell their shares in Airbus. Subsequent events saw a costly delay to the production of the A380, and a costly change made to the strategy for the A 350, which only entered service this year.It was
Fokker Services, part of Fokker Technologies, has received the order from Romanian operator Blue Air for the introduction of TCAS 7.1 modification on their 11 ea B737 fleet. The development of version 7.1 of the Traffic Collision Avoidance System (TCAS) was initiated by EUROCONTROL and will bring improvements such as to the reversal logic by
Air Lease Corporation (AL) announced long-term lease agreements with Air Austral for two new Boeing 777-300ER aircraft. Both aircraft are from ALC’s order book with Boeing and are scheduled to deliver in the fall of 2016.
RUAG Aviation‘s Geneva maintenance facility under contract with Malaysia’s Airod Sdn Bhd has recently carried out an extensive upgrade on a Royal Malaysian Air Force (RMAF) Falcon 900 aircraft. Securing this major check followed a successful relationship in engine and component repair and overhaul between the two organisations on other aircraft types. In addition to
Finmeccanica-AgustaWestland and Weststar General Aviation announced that a contract for three helicopters, one AW119Kx, one GrandNew and one AW169, was signed on March 18th, at the Langkawi International Maritime and Aerospace (LIMA) Exhibition 2015. With this order, Weststar Group will now start operating AgustaWestland helicopters also for executive/corporate transport services through its subsidiary Weststar General
Boeing has begun several months of flights with its ecoDemonstrator 757 to evaluate new technologies to improve commercial aviation’s efficiency, reduce noise and carbon emissions. Boeing is collaborating with TUI Group and the National Aeronautics and Space Administration (NASA) on ecoDemonstrator 757 tests. The 757 flight tests continue the ecoDemonstrator Program’s multi-year effort to accelerate
In a forceful keynote speech at the US Chamber of Commerce Foundation’s 14th Annual Aviation Summit in Washington, DC, Etihad Airways president and CEO, James Hogan, declared that this was the right time and place “to clear the air” regarding accusations from three of the top American airlines that Gulf carriers had been operating unfairly
ST Aerospace has signed a joint venture agreement with Tenryu Holdings to set up ST Aerospace Aircraft Seats (ST Aerospace Aircraft Seats). The joint venture will have a planned investment of US$29.8m. ST Aerospace will own 90% of ST Aerospace Aircraft Seats’ shares, with the remaining 10% to be held by Tenryu. Based in Singapore,
Boeing has received 330-minute Extended Operations (ETOPS) approval from the U.S. Federal Aviation Administration (FAA) for the Boeing 747-8 Intercontinental. It is the first time a four-engine airplane has received this type of design approval. With this approval, required for four-engine passenger airplanes built after Feb. 2015 to fly beyond 180 minutes from an en-route
