Esterline completes acquisition of Barco's Aerospace & Defense display business

February 2, 2015

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

Jazz pilots ratify 11 year tentative agreement

February 2, 2015

Jazz Aviation, a wholly owned subsidiary of Chorus Aviation, released that its pilots, represented by the Air Line Pilots Association (‘ALPA’) have ratified their tentative agreement reached on January 13th, 2015. The term of this agreement is 11 years expiring on December 31st, 2025. ALPA represents approximately 1380 pilots employed at Jazz. The term of

GE Capital Aviation Services closes acquisition of Milestone Aviation Group

February 2, 2015

GE Capital Aviation Services (GECAS), the aircraft leasing unit of GE (GE), completed and closed its acquisition of Milestone Aviation Group, the Dublin-based helicopter lessor, for US$1.775bn plus the assumption or payoff of Milestone’s existing debt. “The acquisition of Milestone is a key part of our growth strategy for 2015 and beyond as we add

Boeing delivers Okay Airways' first next-generation 737-900ER

February 2, 2015

Boeing and Okay Airways celebrated the delivery of the carrier’s first Next-Generation 737-900ER (Extended Range). The delivery marks the first 737-900ER to be delivered to a Chinese customer and is the first of eight 737-900ERs that Okay Airways has on order. Okay Airways, the first privately owned airline in China, is headquartered in Beijing with

Bombardier and Chorus sign purchase agreement for up to 23 Q400 NextGen aircraft

February 2, 2015

Bombardier Commercial Aircraft and Chorus Aviation, parent company of Jazz Aviation, have signed a firm purchase agreement whereby Chorus will acquire 13 Q400 NextGen aircraft and options for 10 Q400 NextGen aircraft. Once delivered, the aircraft will be operated by Jazz under the Air Canada Express banner. The Companies also announced Chorus and Jazz as

Precision Aerospace Engineers choose UNISON tube bending technology

February 2, 2015

Unison has won a significant order for tube bending machinery from the precision aerospace engineering company, Supercraft. The machinery will help Supercraft to expand operations at its new manufacturing facility in Brough, UK, in preparation for contracts recently secured from major aerospace customers. It will also provide the software flexibility needed to enhance productivity of

Airbus and HAECO Group collaborate on Airbus Maintenance Training Services

February 2, 2015

HAECO Group has entered into a long-term agreement with Airbus to provide maintenance and engineering training in Mainland China and Southeast Asia on Airbus aircraft. Under the terms of the agreement with Airbus, the HAECO Group will deploy “Training by Airbus” standards, dynamic tools and teaching techniques to provide Aircraft Original Equipment Manufacturer-backed maintenance training

Nordic Aviation Capital A/S closes debt facility totalling US$300m

February 2, 2015

Nordic Aviation Capital A/S (NAC), the global leader in turboprop leasing, has closed a landmark US$300m debt facility. The company will use the proceeds to part finance the acquisition of turboprop and regional jet aircraft, which will then be leased to airline partners around the world. Søren M. Overgaard, CFO, added: “This facility, which has

A new step in Brazil for AFI KLM E&M's subsidiary Aero Maintenance Group

February 2, 2015

Following Aero Technologies, one of the Aero Maintenance Group subsidiaries, Precision Electronics has received the ANAC (ANAC – Agência Nacional de Aviação Civil) certification. This will allow the entire group to supply the Brazilian market with its full portfolio of service offerings. The ANAC certification, an internationally recognized certification for quality and management, is a

Disappearance of Malaysian Airlines Flight MH370 officially declared ‘an accident’.

January 30, 2015

On March 8th 2014, Malaysian Airlines flight MH370, a Boeing 777 carrying 239 passengers and crew, disappeared without trace, though believed to have been somewhere over the Indian Ocean. In a pre-recorded statement aired on national TV on Wednesday this week, the Department of Civil Aviation (DCA) Director-General Azharuddin Abdul Rahman announced that it was

Top Stories

Esterline completes acquisition of Barco's Aerospace & Defense display business

Jazz pilots ratify 11 year tentative agreement

GE Capital Aviation Services closes acquisition of Milestone Aviation Group

Boeing delivers Okay Airways' first next-generation 737-900ER

Bombardier and Chorus sign purchase agreement for up to 23 Q400 NextGen aircraft

Precision Aerospace Engineers choose UNISON tube bending technology

Airbus and HAECO Group collaborate on Airbus Maintenance Training Services

Nordic Aviation Capital A/S closes debt facility totalling US$300m

A new step in Brazil for AFI KLM E&M's subsidiary Aero Maintenance Group

Disappearance of Malaysian Airlines Flight MH370 officially declared ‘an accident’.

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