GE Capital Aviation Services (GECAS) announced completion of a purchase-and-leaseback transaction with Philippine Airlines involving a new Airbus A330-300 aircraft.
Graham Partners, a private investment firm focused on investing in businesses with advanced industrial technologies, innovative product offerings, and strong growth potential, announced its majority investment in Desser Tire & Rubber Company and affiliated companies, Aero Wheel & Brake Service Corporation and Cee Bailey’s Aircraft Plastics (collectively, “Desser”). Desser is primarily a leading supplier of
Precision Aircraft Solutions announces its ninth SF Airlines input. The Precision conversion, a 757-200 passenger-to-freighter conversion, will be delivered by year’s end. The Chinese cargo airline has been working with Precision since 2009. The SF Airlines conversion marks the 45th overall for the Precision organization to date. The project is being completed at Air China
Standex International has entered into an exclusive agreement to acquire Ohio-based Enginetics Corporation, a leading producer of aircraft engine components for all major aircraft platforms. The completion of the transaction is subject to customary closing conditions and is anticipated to close on or before September 11th, 2014. Enginetics had revenue of approximately $30m in the
Bluebird Cargo, an international cargo operator based in Iceland, has awarded TP Aerospace Leasing a long-term Wheels and Brakes Cycle Flat Rate (CFR) Program in support of its fleet of 5 B737 Cargo aircraft. With TP Aerospace Leasing’s highly flexible, cost effective and tailor made component maintenance, pool access, onsite sease inventory and logistics program
Integrated aircraft support specialist, AJW Aviation (AJW), has contracted China Aircraft Services (CASL) to be a preferred provider of storage and logistics services in Hong Kong. The co-operative agreement is formed around the utilisation of CASL’s logistical hub, backed up by AJW’s Singapore office to provide a combined resource of aircraft support excellence across the
BOC Aviation achieved $163m in net profit after tax for the six months ended 30th June 2014, with a record number of deliveries in the first half to boost the fleet size above 250 for the first time. Total assets rose to $10.8bn. The Company held $496m in total cash and had over $2.3bn in
PEMCO World Air Services (PEMCO) announced the redelivery of its inaugural Plane Business Leasing aircraft, a B737-300 freighter (MSN 28567). The conversion was completed at PEMCO’s partner facility COOPESA (San Jose, Costa Rica). Plane Business Leasing secures classic and new generation aircraft to provide affordable leasing options for airlines. The U.K. based company supports growing
The Greater Rockford Airport Authority (GRAA) has reached an agreement with Maintenance, Repair and Overhaul (MRO) provider, AAR, to build a new hangar facility on Chicago Rockford International Airport (RFD) grounds. The facility is expected to employ up to 500 people and expands RFD’s current service offerings and infrastructure. The 200,000 ft² MRO facility is
Air Lease Corporation announced the placement of one Airbus A320 aircraft at VivaColombia on long term lease, scheduled for delivery in spring 2015. Originally acquired by ALC in May 2011, the aircraft is presently on lease to an airline in Asia and is equipped with CFM56-5B engines.
