Chorus Aviation has entered into an agreement to acquire all of the issued and outstanding shares of 519222 Ontario Limited, a holding company that owns Voyageur Airways and its related companies (‘Voyageur’), a leading provider of specialized aviation services with international operations. Voyageur, a Transport Canada approved air operator, is an integrated provider of specialized
UK-based Fine Tubes and US-based Superior Tube have signed a two year contract with Fusoh Aviation Co., to act as their distribution partner in Japan for the aerospace and space sectors. Fine Tubes and Superior Tube see significant growth potential in the Japanese aerospace and space markets and, having worked successfully with Fusoh on an
Jet Aviation Basel has been selected by Boeing Business Jets (BBJ) to complete the interiors of two Boeing B777-300ER aircraft on behalf of an undisclosed client in Asia. The project will be completed in Q3 2018. Following an intense and competitive bidding process that Boeing Business Jets undertook to achieve its customers’ detailed requirements. The
CIT Aerospace, a global leader in aircraft finance, announced its selection of CFM56-5B engines to power five new Airbus A321ceo aircraft. The order is valued at US$100m at list price and the aircraft will be delivered between 2015 and 2016.
No jet manufacturer can afford to stand still, and for Boeing it would appear they are reaching a crossroads in their next development venture. For a while now they have been looking at carrying out an extensive upgrade to their successful 777 model, with a schedule for that to take place in 2020. In the
Boeing has reached an agreement with Japanese partner Nabtesco to supply primary flight control actuation system on Boeing’s new 777X airplane. Nabtesco is a long standing partner on the 777 program, supplying actuators for four flight control surfaces. With this new agreement, Nabtesco’s scope of work will double to eight, including spoilers. Actuators are a
Willis Lease Finance Corporation (WLFC) reported 2014 net income of US$7.2m, compared to net income of US$15.6m in 2013. After-tax income for 2013 included a one-time US$8.6m tax benefit. On record annual sales of US$174.3m, pre-tax earnings from operations increased 35.2% to US$10.5m in 2014 from US$7.8m a year ago and income before income taxes
FLY is reporting net income of US$15.5m for the fourth quarter of 2014, compares to net income of US$13.4m for the same period of 2013. The fourth quarter 2014 results include US$21.7m of end of lease income compared to the fourth quarter of 2013 in which there was none. However, the fourth quarter 2013 results
Exelis has been awarded a multimillion dollar contract from Airbus to produce center wing box struts for the A350-1000 aircraft. This contract marks the second award for the new Exelis STaR (Struts, Tubes and Rods) product line following the A380 award announcement last year. Deliveries are scheduled to begin in 2016 and will continue through
Passenger numbers at Frankfurt Airport (FRA) continued to advance in February 2015: Germany’s largest aviation hub welcomed some 3.8 million passengers, representing an increase of 4.6% year-on-year. Passenger growth was largely attributable to increased domestic traffic and a rise in demand for tourist destinations in Europe and North Africa – as well as the non-recurrence
