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,
Waypoint Leasing, a leading global helicopter leasing company, has reached an agreement with First Reserve, the largest global private equity and infrastructure investment firm exclusively focused on energy, to acquire a portfolio of 31 in-demand, new technology aircraft. The portfolio includes 18 AgustaWestland AW139s, 11 Sikorsky S-92s and two Sikorsky S76C++ aircraft models. All aircraft
Aircastle’s third quarter of 2014 lease rental and finance lease revenues were $180.3m, up $15.1m, or 9% year over year, due primarily to the $43.3m impact of aircraft acquisitions, offset by $21.1m of lower revenues due to aircraft dispositions. Total revenues for the third quarter were $177.6m, an increase of $7.5m, or 4% above the
Euravia’s Chief Executive, Dennis Mendoros, has launched the new production layout and processes, which are now in place to meet Euravia’s growth plans for 2020. The modernized production line incorporates best practices and ergonomics to ensure enhanced productivity and easier flow of parts through Euravia’s 58 different engine types & series production lines. As a
Boeing and ANA (All Nippon Airways) are teaming up to implement operational improvements for ANA’s fleet. The improvements are aimed at reducing costs and increasing efficiency of maintenance operations for ANA’s current and future 777 models as part of the Boeing Optimized Maintenance Program (OMP) service. ANA recently finalized orders for 20 777-9Xs and six
Airstream International Group has arranged the dry lease of a second ATR72-500, MSN585 (PK-KSD), to Kalstar Aviation of Indonesia. MSN585 was previously owned and operated by Air Dolomiti before being purchased by the lessor as part of a three aircraft package. The aircraft will enter service in the coming days on internal routes based on
