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Exchange Income Corporation to acquire Provincial Aerospace for CA$246m

November 12, 2014

Exchange Income Corporation a diversified, acquisition-oriented company has entered into an agreement to acquire all of the shares of Provincial Aerospace (“PAL”), a diversified Canadian-based aerospace and aviation company, for a combination of cash and stock totaling approximately $246m. PAL, headquartered in St. John’s, Newfoundland & Labrador, operates three distinct businesses across the aerospace, airline

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Air China and Global Eagle Entertainment partner in Air China's WiFi alliance

November 12, 2014

Global Eagle Entertainment, a worldwide leading provider of content, connectivity and digital media solutions to airlines, has joined Air China’s WiFi Alliance. In addition, Dave Davis, CEO of Global Eagle Entertainment (GEE) has been appointed as a “Member of Council” in the Air China WiFi Alliance. Air China, one of the largest carriers in Asia

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FLY Leasing to sell eight Boeing 757 aircraft

November 12, 2014

FLY Leasing, a global lessor of modern commercial jet aircraft, has agreed to sell eight of the 11 Boeing 757 aircraft in its fleet. The sales are expected to close by the end of 2015. “The sale of these eight older B757 aircraft, averaging 15.7 years of age, will lower the average age of our

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Finnair and Flybe enter into conditional share sale agreement

November 12, 2014

Flybe and Finnair have agreed to restructure the ownership of their jointly owned Flybe Nordic venture, and Flybe has agreed to sell the shares that it holds in Flybe Nordic to a potential new majority shareholder or to Finnair for the price of one euro. The sale of the shares is conditional only upon approval

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Aleris Zhenjiang Qualifies to supply COMAC in China for C919 program

November 12, 2014

Aleris reported that the Commercial Aircraft Corporation of China (COMAC), has qualified the company’s new state-of-the-art manufacturing facility in Zhenjiang, China, to supply aluminum plate for COMAC’s C919 commercial aircraft program. With this certification, Aleris’ Zhenjiang facility becomes a qualified supplier of the 7050, 7075 and 2024 alloy series to COMAC. Aleris is a privately

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GOL announces third quarter results

November 12, 2014

GOL Linhas Aereas Inteligentes, the largest low-cost airline in Latin America, announced its results for the third quarter of 2014. Operating income (EBIT) registered R$152min 3Q14, R$115m up over 3Q13, with an operating margin (EBIT) of 6.2%, up by 4.5 points. The last twelve months (LTM) EBIT totaled R$497m, with an operating margin of 4.9%.

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Spirit AeroSystems Europe Repair Station receives FAA certificate

November 12, 2014

Spirit AeroSystems’ Europe Repair Station in Prestwick, Scotland, has received FAA (Federal Aviation Administration) Part 145 Repair Station Certification to perform aircraft maintenance, repair and overhaul. The FAA certification, received Oct. 8th, in addition to the facility’s existing EASA (European Aviation Safety Agency) certificate, allows Spirit’s Global Customer Support & Services division to work directly

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Milestone Aviation Group finances helicopters for Bristow Helicopters

November 11, 2014

Milestone Aviation Group, the global leader in helicopter leasing, has closed seven of 12 helicopter leases to Bristow Helicopters, an affiliate of the Bristow Group. The helicopters will be used for civilian search and rescue (SAR) services when Bristow Helicopters takes over delivery of UK SAR services on behalf of the Maritime and Coastguard Agency

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Donghai Airlines selects Messier-Bugatti-Dowty wheels and carbon brakes

November 11, 2014

Donghai Airlines of China has selected Messier-Bugatti-Dowty (Safran) wheels and carbon brakes for its Boeing 737 Next-Generation fleet. The contract covers 19 airplanes for delivery starting in 2015, including two in-service aircraft to be retrofitted. Traditionally specialized in air cargo services, Donghai Airlines began commercial passenger flights in March 2014. Adding these new Boeing 737

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