GE Capital Aviation Services (GECAS), the commercial aircraft leasing arm of GE, delivered two new Airbus A321 aircraft to Juneyao Airlines to expand the carrier’s fleet. The aircraft are part of GECAS’ existing order book with Airbus. Juneyao started operations in 2006 as one of China’s private airlines. Today it operates a fleet of more
GA Telesis announced its asset transactions for the fourth quarter of 2014. The company added the following assets to its portfolio: seven CFM56-5A1/F engines, three Boeing 747-400 aircraft, three Airbus A321-100 aircraft, one Airbus A340-300 on lease, one CFM56-5B4/P engine, one V2527-A5 engine, and one PW4158 engine. The company sold or leased three Boeing 767-200ER
BOC Aviation reported that net profit after tax was US$308.6m, an increase of 11% over the prior year, increasing total equity to US$2.1bn. Total revenue was US$988.4m, reflecting 8% year-on-year growth and total assets grew 12% to US$11.4bn at year-end. BOC Aviation reported US$367.4m in total cash and fixed deposits, and more than US$2.4bn in
Thomas Global Systems, a leader in the design, production and support of avionic display systems technology, has reached a significant milestone since ramping up repair turn-times. The group’s 15,000th avionic cathode ray tube (CRT) display was produced in the new Irvine, California facility just 18 months into operations at the site. The state-of-the-art facility maximizes
IATA have just released the jet accident rate figures for 2014 and, despite two major airline disasters, the overall figure was the lowest in air history, with a rate of 0.23 hull losses per 1 million flights and equivalent to one single accident per 4.4 million flights. This was a substantial improvement compared to the
Rockwell Collins unveiled its ARINC MultiLink flight tracking service, offering a comprehensive and cost-effective global flight tracking solution for the world’s airlines. ARINC MultiLink brings together multiple data sources to reliably report the location of an aircraft anywhere in the world. Rockwell Collins uses a proprietary algorithm to merge the data sources to provide more
Intrepid Aviation delivered one new Airbus A330-300 to Cebu Pacific Air. The aircraft is powered by Rolls Royce Trent 772B engines and is subject to a long-term lease to the Philippines based airline. This aircraft marks the second A330-300 delivery on lease to Cebu from Intrepid Aviation.
Pioneers in innovative aircraft cabin lighting technologies, STG Aerospace announced that Icelandair has begun upgrading its Boeing 757 fleet with the next generation safTglo photoluminescent, emergency floorpath marking system, SuperSeal UltraLite (SSUL). Currently, all of Icelandair’s 757 aircraft are equipped with the safTglo SuperSeal Lite (SSL) system but now, following the granting of EASA approval
GE Aviation chose its facility in Strother, Kansas, to assemble its new Passport 20, which will power the next-generation large-cabin business jet. GE’s additional US$7m investment in machinery and equipment will enable Strother to assemble, maintain, repair and overhaul the Passport 20 engine, which will power Bombardier’s Global 7000 and Global 8000 large, ultra long-range
Lufthansa Technik AG has further extended its cooperation with Taiwan-based airline EVA Air and its subsidiary EGAT. According to the new contract, the Hamburg-based maintenance, repair and overhaul provider is now also being commissioned to provide component support for the Boeing 777-300ER fleet as well as the Airbus A330 aircraft the Star Alliance member EVA
