GE Capital Aviation Services (GECAS), the aircraft leasing unit of GE signed an agreement to acquire Milestone Aviation Group, the Dublin-based helicopter lessor, for $1.775 bn. The acquisition is in line with GE Capital’s strategic plan of growing and enhancing value in core areas aligned with GE’s industrial domains including energy, aviation, oil & gas
Precision Aircraft Solutions has finished the conversion of MSN 28718, a 757, for DHL affiliate Blue Dart Aviation. The aircraft was modified at TAECO in Xiamen, PRC, and will fly in India. The weight upgraded (high payload) freighter represents the fifth 757-200PCF to join the Bluedart fleet. DHL global network air providers currently operate 15
Embraer delivered the first Legacy 500, its new midsize executive jet. The launch customer, a Brazilian company, received the aircraft during a ceremony at Embraer headquarters, in São José dos Campos, Brazil. The entry into service of the Legacy 500 is yet another important achievement by our Company,” said Marco Túlio Pellegrini, President and CEO,
Marshall Aviation Services at Cambridge signed an agreement with Blink, the six-year-old Blackbushe, UK-based air taxi and jet charter operator, to provide multi-year MRO and technical support for its six Cessna Citation Mustang VLJs. Marshall, drawing on its 40 years’ experience providing Citation support, will provide base support in the UK at its Cambridge headquarters,
Spring Airlines, a low-cost carrier based in Shanghai, China, has signed an agreement with Airbus for Sharklet retrofit of its A320 aircraft in operation to become the first Chinese airline to perform retrofit of the latest fuel saving device. Thanks to this aerodynamic upgrade, Spring Airlines’ retrofitted aircraft will benefit from a reduction in fuel
Alaska Airlines and the Association of Flight Attendants have reached tentative agreement on a new five-year contract for the carrier’s 3,300 flight attendants. “We are delighted to have reached a tentative agreement that recognizes the outstanding contributions of our flight attendants and will provide for enhanced productivity for the future,” said Ben Minicucci, Alaska Airlines’
Embraer broke ground on its Legacy 500 and Legacy 450 assembly complex in Melbourne, Florida, on October 9th. At the ceremony the Company celebrated this significant addition to its existing 212,000 ft² campus at Melbourne International Airport. The new 236,000 ft² facility is expected to be operational by 2016. It will feature four new buildings:
AWAS has closed its first Private Placement Term Loan. Aviation Finance Company (AFC) acted as Lead Arranger and Sole Book Runner, with CACIB, Goldman Sachs and Wells Fargo as Co-Leads and BNP Paribas as Manager. The proceeds from the transaction were used to repay the existing debt on ten young narrow-body aircraft and for general
Aviation Technical Services (ATS) and Qantas recently entered into an Engineering Services Agreement, which focuses on improving efficiency and reducing the maintenance cost of Qantas’ fleet of more than 75 Boeing 737 aircraft. The program will enhance elements of Qantas’ aircraft maintenance program through multiple phases of improvement that target everything from availability of material
Lufthansa Technik AG has now equipped the newest Lufthansa aircraft with a Premium Economy cabin. The Boeing 747-8 “Yankee Quebec” arrived – fresh from the factory in Seattle – on August 30th in Frankfurt, where it received its new Premium Economy Class in mid-September during a layover for the completion of the cabin interior. By
