HEICO Corporation reported that net income increased 18% to a record US$121.3m, up from US$102.4m in the fiscal year ended October 31, 2013. For the full fiscal year ended October 31, 2014, operating income increased 11% to US$203.4m, up from US$183.6m in the fiscal year ended October 31st, 2013. Operating income was US$53.7m in the
Boeing delivered Etihad Airways’ first 787-9 Dreamliner sporting the airline’s new “Facets of Abu Dhabi” livery which was revealed at a ceremony in 2014. The colors are reminiscent of the desert landscape, inspired by the culture, Islamic design and architecture motifs of the United Arab Emirates. The airplane is the first of the 71 Dreamliners
Astronics Corporation, a leading provider of advanced technologies for the global aerospace and defense industries, has entered into a definitive agreement to acquire Armstrong Aerospace (“Armstrong”) for approximately US$51m. The agreement is expected to close in January 2015, subject to normal closing requirements. Armstrong Aerospace, located in Itasca, Illinois, is a leading provider of engineering, design
Civil Aviation Administration of China (CAAC) granted an ARJ21-700 aircraft type certificate to Commercial Aircraft Corporation of China, (COMAC) in Beijing on December 30th, 2014. This indicates that the first regional jet independently developed by China in accordance with international standards has passed the airworthiness certification of CAAC, met the requirements of China Civil Aviation
GE Capital Aviation Services (“GECAS”) has signed a firm purchase agreement for five Q400 NextGen aircraft and has also taken options on an additional 10 Q400 NextGen aircraft. Based on the list price of the Q400 NextGen aircraft, the firm order is valued at approximately US$160m. The value could increase to US$448m should GECAS exercise
VSE Corporation (VSEC) has signed a definitive agreement to acquire four business units from Killick Aerospace Group, consisting of Prime Turbines (including both U.S. and Germany-based operations), CT Aerospace, Kansas Aviation and Air Parts & Supply Co. The companies to be acquired specialize in maintenance, repair and overhaul (MRO) services and parts supply for corporate
Boeing and Kuwait Airways have finalized an order for 10 777-300ERs (Extended Range), valued at US$3.3bn at list prices. The order underlines the popularity of the 777-300ER as the preferred long-haul aircraft of many of the world’s leading airlines including those from the Middle East. The airline originally announced its intent to order the 777-300ER
Azerbaijan Airlines announced the delivery of the airline’s first 787 Dreamliner. With this delivery, Azerbaijan Airlines becomes the first airline in the Commonwealth of Independent States to operate the 787. The airplane will play a key role in the Baku-based airline’s strategic plan to expand its long-haul fleet.
Avolon, the Dublin-based, global aircraft leasing firm, has firmed up its contract for 15 A330neo aircraft. Avolon became one of the launch customers of the A330neo after signing its initial commitment in July 2014 at the Farnborough International Airshow. The A330-800neo and the A330-900neo are two new members of the Airbus Widebody Family launched in
Airbus has delivered the first A350 XWB, the world’s latest generation widebody airliner, to launch customer Qatar Airways. The A350 XWB redefines the way people fly for the coming decades and opens up a new era in comfortable, efficient long-haul air travel when it enters service with Qatar Airways, renowned for leading the industry to
