German-based HAITEC Aircraft Maintenance GmbH has been granted the Repair Station Approval by the U.S. Federal Aviation Administration (FAA). As an EASA Part-145 organization, HAITEC holds approvals from Civil Aviation Organizations of Russia, Qatar, United Arab Emirates, Azerbaijan and Bermuda and now the FAA for a broad range of Boeing and Airbus aircraft as well
LCI, the aviation leasing arm of the Libra Group, has concluded an agreement to lease six new AgustaWestland aircraft to Australian Helicopters, a member of the Babcock Mission Critical Services Group. The AW139s will be progressively delivered to Australian Helicopters through 2015 and 2016 and, following arrival in Australia, will be modified for Emergency Medical
Southeast Asia’s burgeoning airways businesses are now suffering from the level of competition in a now crowded market place. One of those to suffer most has been AirAsia, who has made a trading loss during each of the last five fiscal quarters and is now looking to cut flights on unprofitable routes, reallocation of staff
Turkish Airlines reported that sales revenue increased by 13% in 2014, reaching a total of US$11bn. While operating profit stood at US$638m and net profit was recorded at US$845m compared to the previous year. In 2014 Turkish Airlines recorded a capacity (ASK) growth of 16,3%, significantly above the industry growth rate of 5,6 for the
Republic Airways reported financial results for the fourth quarter and full year ended Dec. 31st, 2014. Republic’s pre-tax income excluding special items, for the fourth quarter of 2014 was US$32.1m, an 8.4% increase over the fourth quarter or 2013. Republic’s adjusted income from continuing operations for the fourth quarter of 2014 was US$19.8m and its
Southwest Airlines discovered a required maintenance check on the standby hydraulic system, which serves as a back-up to the primary hydraulic systems, was overdue on 128 Boeing 737-700 aircraft. Southwest immediately and voluntarily removed the affected aircraft from service, initiated maintenance checks, disclosed the matter to the FAA, and developed an action plan to complete
Mesa Airlines has been selected by American Airlines to operate seven new Bombardier CRJ900 NextGen aircraft for a 10-year term under the American Eagle brand. The aircraft, recently purchased by Mesa, will bring the total number of CRJ900s operated by the company to 64. Mesa will take delivery of the additional aircraft from the Bombardier
Pratt & Whitney officially unveiled its new state-of-the-art Middletown, Connecticut, production facility to support production of the PurePower PW1100G-JM engine for the Airbus A320neo and the F135 engine for the F-35 Lightning II Joint Strike Fighter in a ceremony held on February 25th. The transformation of the facility is the product of significant capital investments
The consortium comprising the Russian Direct Investment Fund (RDIF), a US$10bn fund established to make equity investments into Russian economy, Changi Airports International (CAI), a wholly-owned subsidiary of leading airport operator Changi Airport Group, and Basic Element, one of Russia’s diversified industrial groups, has been announced as the winner of the tender to acquire shares
Waypoint Leasing (Ireland), the independent global helicopter leasing company, has reached an agreement with Caverton Helicopters, a leading provider of aviation and logistics services to local and international oil and gas companies in Nigeria, to lease one new AgustaWestland AW139 and one Bell 412EP, both of which have been delivered to Caverton. The aircraft will
