Astronics Corporation reported that consolidated sales for the third quarter of 2014 increased 100.1% to US$179.4m compared with US$89.7m for the same period last year. Aerospace segment sales increased US$34.7m to US$122.2m and Test Systems segment sales increased US$55.1m to US$57.2m. The 2014 third quarter included US$74.1m in sales for two businesses acquired after September
Willis Lease Finance Corporation, the independent jet engine lessor in the commercial finance sector, reported third quarter 2014 net income of US$1.0m, compared to net income of US$2.2m, in the second quarter of 2014 and a net loss of US$2.2m in the third quarter of 2013. The loss in the year ago period included US$4.3m
West Star Aviation is proud to announce the launch of their newest avionics program for the installation of the Honeywell Primus Epic CDS/R full color (LCD) liquid crystal cockpit display system on the Challenger 601. This first type installation includes four new LCD displays, dual Advance File Graphics Servers (AFGS), and XM graphical weather. In
XiamenAir has opted for AFI KLM E&M expertise in support of the launch of its fleet of Boeing 787 Dreamliners and subsequent component maintenance and overhaul services for the aircraft. The long-term contract between the two groups organizes component support for six Dreamliner aircraft operated by XiamenAir. AFI KLM E&M designs and implements bespoke component
Surf Air took delivery of PC-12 NG serial number 1490, at Pilatus Business Aircraft Ltd’s facility in Broomfield, Colorado. The aircraft, sporting Surf Air’s unique new fleet paint scheme, is the first of fifteen firm aircraft the membership-based airline ordered from Pilatus earlier this year. This newest aircraft joins a fleet of three “Legacy” PC-12s
Magnetic MRO and SmartLynx Airlines are expanding their long term cooperation by signing the agreement, under which Magnetic MRO will execute a number of heavy maintenance events for the airline during the upcoming winter season. Under the newly signed agreement, SmartLynx Airlines fleet of Airbus 320-200 aircraft will go through heavy maintenance in Magnetic MRO
Hong Kong Aircraft Engineering Company (HAECO)reported that GE Aviation has acquired a 9.9% equity stake in Taikoo Engine Services (Xiamen) (“TEXL”). The transaction marks a milestone in the HAECO Group / GE Aviation partnership. Established in July 2008, TEXL is a joint venture between HAECO, Taikoo (Xiamen) Aircraft Engineering Company (“TAECO”), Cathay Pacific Airways and
At a time when it has been estimated that over 500 British ‘soldiers’ have travelled to Syria and Iraq, many to join Isis, and with the proliferation of self-radicalization via the internet, the US’s visa waiver program now appears to be too vulnerable. 38 countries are involved in the visa waiver program which includes most
International Consolidated Airlines Group (IAG) presented Group consolidated results, with third quarter operating profit of €900m (2013: €690m) before exceptional items, a €210m improvement compared to last year. At constant currency, third quarter passenger unit revenue was down 0.9% and non-fuel unit costs was down 4.5%. Revenue for the quarter was up 8.5% to €5,866m,
Production of the wing fixed trailing edge package for Airbus’ A350-1000 jetliner has begun at GE Aviation, Hamble, marking a new milestone in the largest design and manufacture contract awarded in the 78-year history of this GE Aviation Aerostructures business. The first element produced is a spoiler hinge bracket, which was manufactured on November 4th,
