AWAS has delivered a fourth aircraft, one 737-800, as part of a four aircraft transaction with PT Lion Mentari Airlines (Lion Air) for three 737-800s and one Airbus A320. These new aircraft were purchased directly by the airline from their respective manufacturers. AWAS is providing a financing solution for all four aircraft and then placing
The first of four Airbus Defence and Space A400M new generation airlifters ordered by the Royal Malaysian Air Force has made its successful maiden flight, marking a key milestone towards delivery. The aircraft, known as MSN22, took off from Seville, Spain, on January 30th, at 17:30 local time (GMT+1) and landed back on site 1
Rolls-Royce has launched a new strategic approach to customer care with the opening of the first of a network of Customer Service Centres for civil large engines. The first of the centres, officially opened on February 3rd in Singapore, will support all airline customers across the Asia Pacific region. This is part of a strategy
Singapore-based airline Scoot took delivery of the airline’s first 787 Dreamliner. The airplane will play a key role in the low-cost carrier’s strategic plan to expand its long-haul fleet. Scoot will take delivery of an additional 19 787 Dreamliners. The airplanes were originally ordered by parent company Singapore Airlines, which included ten 787-9 and ten
WestJet reported its fourth quarter and year-end results for 2014, with record adjusted full-year net earnings of CA$317.2m. This compares with the net earnings of CA$268.7m in the full-year 2013, up 18% and 21%, respectively. For the fourth quarter, the airline reported record diluted earnings per share of CA$0.70, up 35% from CA$0.52 reported last
BOC Aviation has priced a private placement of offshore RMB250m five-year fixed rate senior unsecured notes. The transaction, arranged by DBS Bank, was issued off BOC Aviation’s US$5bn Euro Medium Term Note Programme. The sale of the Notes is expected to close on February 2015, subject to satisfaction of customary closing conditions. The Notes were
In what was described as “an attempt to buy off local opposition to a third runway”, last May it was announced that London Heathrow Airport had put together a compensation package extending to some £550m (US$825m) for the purchase of property blighted by the new runway, that sum to also include £250 million (US$375m) for
SAS is completing the acquisition of Cimber after meeting all of the terms of the transaction, including approval from the Danish Competition and Consumer Authority. SAS has appointed Kent Hansen as the new president of the airline. He will succeed the current president on March 1st, 2015. SAS has also appointed Kjetil Grønevik as Finance
Parker Aerospace, a business unit of Parker Hannifin Corporation, the global leader in motion and control technologies, and its Customer Support Operations have signed a long-term agreement with Emirates Airline to provide a comprehensive maintenance package for its fleet of Boeing 777 and Airbus A330/A340 aircraft and engines. Parker will provide maintenance support to Emirates
Esterline Corporation, a leading specialty manufacturer serving aerospace and defense markets, has completed its acquisition of the aerospace and defense display businesses of Belgium-based Barco N.V. for €150m, or approximately US$175m, in cash. The company financed the acquisition primarily using international cash reserves, with the balance funded by borrowings under its existing credit facility. Barco’s
