Basta Holdings signs LOI with Heliflight PERU SAC to provide ACMI leasing of helicopters through joint venture

August 18, 2014

Basta Holdings, an aviation services and logistics management company, signed a Letter of Intent (LOI) with Heliflight PERU SAC to form a joint venture that will provide ACMI leasing of helicopters throughout Peru. The parties have ninety days to formalize their understanding into a definitive written agreement and one hundred twenty days to close the

Morten Beyer & Agnew advises White Oak on $65m investment in Surf Air

August 18, 2014

Morten Beyer & Agnew (“mba”) was retained by White Oak Global Advisors to provide fleet and financial due diligence support in preparation of their investment for Surf Air’s purchase of 15 new Pilatus PC-12 NG aircraft. White Oak Global Advisors provided Surf Air with a senior secured facility in the amount of $65.0m. Surf Air

Privilege Style awards seven year power-by-the-hour contract to AJW Aviation

August 18, 2014

AJW Aviation has signed a seven year PBH contract with Spanish airline, Privilege Style. The contract will cover the supply of spare parts for the airline’s Boeing 767-300 aircraft, providing essential Power-by-the-hour support for the private charter operator.

Honeywell to withdraw Chicago Stock Exchange listing

August 15, 2014

Honeywell International announced plans to voluntarily withdraw the listing of its common stock from the Chicago Stock Exchange. Honeywell’s common stock will continue to be listed on the New York Stock Exchange. Honeywell has decided to withdraw its listing from the Chicago Stock Exchange to streamline operations and eliminate duplicative administrative requirements and costs inherent

Meggitt wins Boeing 737 MAX engine and APU fire protection

August 15, 2014

Meggitt Safety Systems has been awarded a contract by The Boeing Company to design, develop, manufacture and support the fire protection system for the 737 MAX engine and APU. The contract comprises the control computer, engine and APU fire detectors and the engine and APU fire suppression bottles. This contract demonstrates the opportunity to provide

Airbus A350 XWB completes Route Proving World Tour

August 14, 2014

The Airbus A350-900 has successfully completed a series of Route Proving trials, receiving an enthusiastic welcome at each of the 14 cities it has visited over the past three weeks. At the technical Route Proving the aircraft must demonstrate its readiness for airline operations on a global scale. This last series of trials is required

Airbus choses AIDC as new supplier for best-selling A320 Family

August 14, 2014

Aerospace Industrial Development Corporation (AIDC) in Taiwan has become a new tier-one supplier for Airbus. Under the agreement, which followed a thorough evaluation process, AIDC will produce composite panels for A320 Family aircraft aft belly fairings. The contract was signed by François Mery, Airbus Senior Vice President Aerostructure, Procurement and Tony Liou, AIDC Senior Vice

Air Lease Corporation places two new Boeing 777-300ERs with KLM

August 14, 2014

Air Lease Corporation announced long term lease agreements with KLM (The Netherlands) for two additional new Boeing 777-300ER aircraft, scheduled for delivery in the second half of 2016 and early 2017. These aircraft placements are in addition to the two new 777-300ER aircraft scheduled for lease from ALC to KLM in early 2015 and early

DVB Group publishes half-yearly financial report for 2014

August 14, 2014

During the first half of 2014, the performance of DVB Bank SE in providing financing solutions and advisory services to its clients in the international transport sector was lower than in the same period of the previous year. Consolidated net income before taxes was down 37.7%, to €41.4m (H1 2013: €66.4m). At EUR105.0 million, net

Mesa Air Group completes $30m working capital draw loan

August 13, 2014

Mesa Air Group has closed on a $30m working capital draw loan through Tennenbaum Capital Partners. The funds are available for up to two years and have a five year term. The funds will be used to support current aircraft purchases and growth-related expenses as well as anticipated future growth opportunities. In the past sixteen

Top Stories

Basta Holdings signs LOI with Heliflight PERU SAC to provide ACMI leasing of helicopters through joint venture

Morten Beyer & Agnew advises White Oak on $65m investment in Surf Air

Privilege Style awards seven year power-by-the-hour contract to AJW Aviation

Honeywell to withdraw Chicago Stock Exchange listing

Meggitt wins Boeing 737 MAX engine and APU fire protection

Airbus A350 XWB completes Route Proving World Tour

Airbus choses AIDC as new supplier for best-selling A320 Family

Air Lease Corporation places two new Boeing 777-300ERs with KLM

DVB Group publishes half-yearly financial report for 2014

Mesa Air Group completes $30m working capital draw loan

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