In fiscal year 2014, the Hamburg-based Lufthansa Technik Group achieved a result just under last year’s record level, with increased revenue of €4.3m. The annual accounts of the 22 consolidated Lufthansa Technik Group companies show an operating result of €392m. Currently Lufthansa Technik looks after 800 customers and a total of 3,200 aircraft. In 2014,
Back in November 2012, Boeing had established a build rate of 5 787s per month. Just over a year and three production increases later, in January 2014 that figure was up to 10. The company is aiming for an increase to 12 units per month by 2016, and 14 by 2020. The current order book,
Spanish carrier Vueling, the low cost platform for International Airlines Group (IAG), has taken delivery of the first A320 incorporating the new Vueling cabin configuration. Thanks to an efficient use of the cabin and the selection of the latest generation seats, Vueling will offer enhanced comfort and more space to its passengers while adding six
Signifying Airbus’ latest milestone to become even closer to its customers and partners and to support them around the globe, Airbus and SIA Engineering Company (SIAEC) have entered into an agreement to provide maintenance and engineering training services for Airbus aircraft in Singapore. Through this collaboration, SIAEC, one of the world’s leading aircraft engineering and
The International Association of Machinists & Aerospace Workers (IAM) filed a petition with the National Labor Relations Board (NLRB) to hold an election for more than 2,400 production employees at the Boeing Company in North Charleston, SC. The petition was filed after a significant number of Boeing workers signed authorization cards expressing interest in union
GE Aviation recently received Level 3 appraisal of the Capability Maturity Model Integration (CMMI) and is the first to demonstrate compliance with the CMMI Security by Design practices (CMMI-DEV V1.3). CMMI is the industry standard for ensuring predictable, high quality software development in the Aviation industry. The appraisal was accomplished over a two-week period including
Burnham Sterling Securities, an investment bank specializing in transportation asset finance, has acted as lead arranger and sole book runner in a privately placed transaction for Avianca, Colombia’s national airline, covering two A320 family and one Boeing 787 aircraft. The transaction, which utilized an Enhanced Aviation Investment Vehicle private EETC Structure (“EAIV”), developed by Burnham
Aircelle (Safran) formally inaugurated the Aircelle Services Americas facility at Indianapolis, Indiana, on April 13th, bringing the company’s expertise in maintenance, repair and overhaul (MRO) for its jet engine nacelles that are operational across North and South America. The 17,000-ft² MRO shop provides high quality, cost effective and reliable maintenance solutions matched to customers’ needs,
BOC Aviation has converted its US$5bn Euro Medium Term Note Program to a US$5bn Global Medium Term Note Program (“GMTN Program”), pursuant to which BOC Aviation may issue Notes in the United States to qualified institutional buyers in reliance on Rule 144A under the Securities Act and outside the United States to non-US persons in
East Midlands-based RVL Group is the latest company to sign a contract to use Commsoft’s flagship OASES product to control its varied fleet of multi-role specialist operations aircraft. The five-year, five-concurrent user contract will support RVL Group’s mixed fleet of nearly 20 light twin piston and turboprop aircraft. The new RVL Group contract, which will
