BOC Aviation announced an order for a total of 80 Boeing 737 series aircraft for delivery from 2016 to 2021, as the company builds on its pipeline for the next seven years. The order comprises 50 737 MAX 8, powered by LEAP -1B engines and 30 Next Generation 737-800 aircraft, powered by CFM56-7BE engines. The
airberlin achieved a slightly improved operating result (EBIT) in the second quarter of the year with turnover up by 2,9% to €1,146.4m. Compared to the same quarter of the previous year, airberlin was able to improve EBIT (Earnings before Interest and Tax) to €-6.9m from €-8.1m in the previous year. Taking into account other operating
GE Aviation submitted an application to EASA to utilize S10 diesel fuel for its H Series turboprops. The anticipated application approval would help Brazilian H Series operators lower fuel costs by up to 25%. The average H Series engine consumes 648,000 liters of fuel before its first scheduled overhaul at 3,600 flight hours. By utilizing
VAS Aero Services, a global leader in aviation logistics and aftermarket services, received a 747-400 with PW 4056 engines on consignment for teardown from Boeing. The 747 is the 32nd teardown VAS has managed for Boeing since 1992 in a contract that extends through 2020.
SAS has secured financing of four Airbus A330-300 Enhanced through the signing of a sale and leaseback agreement with the Chinese bank Bocomm. The aircraft will be delivered during the latter part of 2015 and the beginning of 2016. The agreement means that SAS, at the time of delivery for respective aircraft, will sell the
Mountain Aviation has been acquired by a private investment group seeking to develop the company’s strong position in the turboprop and jet charter market. With the close of this acquisition, Mountain will maintain its industry leading position in the Rocky Mountain region while growing its customer base and core markets. The company will continue to
Lufthansa Technik Logistik Services (LTLS), a specialist in aviation logistics, has opened a new facility in the Chinese city of Shenzhen. With this step, the company has laid a foundation that will enable it to ensure more direct service to the growing Chinese market in the future. The new facility is located at the site
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
