Air Astana, Kazakhstan’s flag carrier, has reported an operating profit of US$97.7m in 2014, an increase of 35% over 2013 and the highest in the company’s 13 year history. Net profit fell by 62% to US$19.3m owing to a one-off revaluation of external debt of US$49m caused by the devaluation of the Kazakh tengue by
Air Transport Services Group has completed a new agreement that extends its support of DHL’s air cargo network in the United States through at least March 2019. Principal elements of the new agreement include: • Extended dry leases through March 2019 for the 13 Boeing 767 freighters currently leased to DHL for its U.S. air
It was on December the 9th 2014, that it was first announced AAC Corp, headquartered in Wood Dale, Illinois were looking to sell Telair, a cargo-loading systems manufacturer it bought back in 2011 for US$280m together with Nordisk Aviation Products A S (Nordisk) from Teleflex Incorporated. This week AAC have announced that they want all
H.I.G. Capital, a leading global investment firm, announced that its affiliate has completed the acquisition of an equity interest in Aviapartner, thereby becoming the majority shareholder alongside the Group’s Chairman and management. Aviapartner is a leading European provider of airport ground handling services with 60 years of experience. Aviapartner provides ground handling services for passengers
AerCap Holdings N.V. signed 249 aircraft lease transactions in 2014. Furthermore, the company purchased 33 and sold 83 aircraft. This means that AerCap leased, purchased or sold an aircraft every day. The full year numbers include aircraft transactions of the combined company for the period after closing of the ILFC acquisition on May 14th. Aircraft
Continuing with its aviation technology leadership in Africa, Ethiopian has acquired the first ever B787 Dreamliner full flight simulator in Africa. The installation and build-up of the full flight Simulator is in progress at Ethiopian’s main Hub in Addis Ababa and the first pilot training in the B787 flight simulator will start in March, 2015.
Monarch Aircraft Engineering has secured a line maintenance technical handling agreement with Air Explore. The Part-145 maintenance organisation will carry out line maintenance duties up to and including A-Checks, for the Bratislava based charter airline Air Explore’s Boeing 737-800 aircraft at Birmingham Airport in the UK.
Doric has negotiated the extension of leases with the airline Germania for 2 Airbus A319 aircraft prior to lease-end in March 2015. Both leases are to be extended for 6 years. In 2010, Lloyd Fonds entrusted Doric as the asset manager of both A319s to remarket the aircraft: the original operator, Hamburg International, had filed
In 2013, Chengdu Shuangliu, Chengdu’s only airport, handled 34.5 million passengers, making it the 5th busiest airport in China, and the busiest in Western China. This number of passenger virtually doubles the number handled in 2005 and takes the airport critically close to its 40 million passengers per annum capacity. It was also the 5th
Finmeccanica-Alenia Aermacchi signed a contract, valued at around €100m, with the Peruvian Ministry of Defense to supply two C-27J Spartan tactical airlifters. The contract, which brings the number of C-27J Spartans ordered by the Peruvian Air Force to four, also includes integrated logistic support and technical assistance. The first two aircraft, ordered in December 2013,
