Embraer Executive Jets and NetJets, a Berkshire Hathaway company have signed an agreement to convert 10 Signature Series Phenom 300 purchase options into firm orders. At current list prices, this addition to the contract is worth US$89.55m, which will be included in the backlog of the fourth quarter of 2014. In October 2010, a purchase
Alitalia and Etihad Airways announced the completion of all the formalities related to the transfer of air transport operations from Alitalia CAI to the new Alitalia SAI. Etihad Airways has subscribed and paid for the capital increase of €387.5m for the acquisition of a 49% share in Alitalia SAI. The remaining 51% shareholding is held
China Airlines (“CAL”) and HAECO ITM Limited (“HAECO ITM”) have entered into an agreement for a long-term rotables management programme on the airline’s Boeing 777-300ER fleet, covering a range of line-replaceable units (LRUs) and simulator parts. CAL took delivery of its first Boeing 777-300ER in late September and will add another nine of these aircraft
CarVal Investors, a leading global alternative investment manager, signed an agreement to acquire a majority holding of AerFin Limited from its current owner, Bob James. Mr. James will remain as the Managing Director and CEO going forward and will retain 20 percent of the company. “The acquisition of AerFin is a compelling investment in itself
In a stock exchange disclosure, IAG has confirmed that it had “submitted a proposal” to make bid for Aer Lingus, adding though that it had been “rejected by the board of Aer Lingus,” continuing to say that “There can be no certainty that any further proposal or offer will be forthcoming. A further statement will
Rolls-Royce and Lufthansa Technik AG are to explore closer co-operation in the technical care of mature engines. It follows a year-long pilot project intended to reduce the maintenance costs of mature Trent 500 engines which power the Airbus A340-500/600 aircraft. Rolls-Royce’s expertise as the engine manufacturer and Lufthansa Technik’s experience as one of the world’s
Rolls-Royce announced that Derby will be the production centre for the Trent XWB. The Trent XWB is the most efficient large aero engine with more than 1,500 engines sold to 40 customers to date. It is the sole power plant available for the Airbus A350 XWB. Rolls-Royce has invested around £30m expanding its Derby Assembly
On May 5th 2014, Finnair Aircraft Finance Oy, Finnair’s fleet management subsidiary, signed a Memorandum of Understanding on the sale of three Embraer 170 aircraft to affiliates of Infinity Aviation Capital, a US-based aircraft leasing company. The transactions have now been finalised, and their total value was approximately US$40m. The sale of the three aircraft
Bombardier reported that the Learjet 70 and Learjet 75 aircraft have received full type certification from the Civil Aviation Authority of Mexico, the Dirección General de Aeronáutica Civil (DGAC). The aircraft have enhanced performance through an engine thrust increase with an improved Honeywell engine, offering superior takeoff field length performance over their predecessors. The new
Airbus Helicopters has completed official delivery of the first two Tiger helicopters in the new HAD-E version and the first NH90 GSPA tactical transport helicopter destined for the Spanish Army Airmobile Force (FAMET). These three helicopters were assembled in the Spanish plant in Albacete, which successfully carried out the industrial phase, airworthiness certification and technical
