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Waypoint Leasing to surpass $1bn of assets through 31 aircraft acquisition from First Reserve

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

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Aircastle reports third quarter 2014 results

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

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Euravia’s new PT6 production lines to accommodate growth

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

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Boeing teams with ANA to improve operational efficiency

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

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Airstream arranges lease of second ATR72-500 to Kalstar Aviation

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

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GE highlights collaboration with UK’s National Composites Centre

The wide range of manufacturing processes being developed by GE in collaboration with the UK’s National Composites Centre were displayed during a ceremony marking the facility’s recent expansion to double its size. Included in GE’s displays at the Centre’s latest opening event on October 30th were techniques to produce advanced propeller blades for a new

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Second A380 added to Amedeo’s Portfolio

Following the acquisition of MSN 157 in early September, Amedeo announced the addition of a second A380 to its owned aircraft portfolio. The aircraft bearing Manufacturer’s Serial Number (MSN) 164 was delivered yesterday at the Airbus Delivery Centre in Hamburg and was placed on a 12-year operating lease with Emirates. The financing arrangements followed a

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Rockwell Collins fourth quarter fiscal year 2014 sales increase 15%

Rockwell Collins reported total sales for the fourth quarter of fiscal year 2014 of $1.4bn, a 15% increase from the same period in fiscal year 2013. Total segment operating margin for the fourth quarter was 21.3% and total segment operating earnings increased 10% to $299m. Adjusted for certain non-operating items impacting comparability, earnings per share

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Boeing, Monarch Airlines finalize order for 30 737 MAX 8s

Boeing and Monarch Airlines finalized an order for 30 737 MAX 8s worth more than $3.2bn at current list prices. The order, originally announced at the Farnborough International Airshow in July when Monarch selected Boeing as its preferred bidder for fleet replacement, includes options for 15 additional 737 MAX 8s and marks the beginning of

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SAS sells facilities at the technical base at Oslo airport

SAS AB has sold its facility at the technical base at Oslo airport for MNOK 650 to Oslo Pensjonsforsikring, after having utilized an option to buy the facilities from APAB that has been the previous owner. The transaction does not generate a capital gain or liquidity for SAS, but it will reduce the yearly operating

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