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 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
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 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
Singapore Technologies Aerospace’s (ST Aerospace) VIP completions brand ‘AERIA Luxury Interiors’ (AERIA) has secured a nose-to-tail cabin completion contract for a wide-body VIP aircraft, from an undisclosed customer. This follows shortly after clinching a green aircraft completion deal for a VIP 737 BBJ in February this year. The aircraft interior will be elegantly designed by
The Brazilian Civil Aviation Agency (Agência Nacional de Aviação Civil – ANAC) granted type certification for the Legacy 500 executive jet during a ceremony at the Latin American Business Aviation Conference and Exhibition (LABACE), in São Paulo, Brazil. Embraer expects to receive certification from the FAA (Federal Aviation Administration) in the upcoming weeks and certification
Surf Air announced a total order of up to 65 new Pilatus aircraft (15 firm orders and 50 options) to be delivered over the next five years, with a total order value of approximately $312m. The first 15 aircraft are being financed by a $65m senior facility from White Oak Global Advisors, alongside an additional
Airstream International Group has arranged, on behalf of a large US based Lessor, the dry lease of one DHC-8-Q300, MSN557 (8Q-IAK), to Island Aviation Services of the Maldives. MSN557 was previously owned and operated by Caribbean Airlines before being purchased by the lessor in 2013 as part of a five aircraft package, a transaction that
AeroCentury, an independent aircraft leasing company, reported its operating results for the second quarter ended June 30, 2014. The Company reported a net loss of $3.9m for the second quarter of 2014, compared to net income of $1.3m for the second quarter of 2013. The Company reported a net loss of $3.6m for the first
Volartec announced Island Transvoyager (ITI Air) to be the launch customer in South East Asia. With the latest ATR 42-500 addition to the fleet, ITI sought a suitable Maintenance Management System to manage its expanding fleet. The first ATR 42 will be added to Alkym Management and Control System for Aircraft Maintenance as part of
