AerCap Holdings N.V. announced that its adjusted net income was $212.4m for the second quarter of 2014. Adjusted earnings per share were $1.29 for the second quarter of 2014, an increase of 118% over the second quarter of 2013. On May 14, 2014, AerCap completed the acquisition of International Lease Finance Corporation (“ILFC”) from American
Marshall Aerospace Canada, part of Marshall Aerospace and Defence Group, has increased its in-country presence and strengthened its commitment to focused new business development in North America, with the purchase of a 4,343 ft² building at Abbotsford Airport in British Columbia. The building will become Marshall’s Canadian head office, out of which the company’s comprehensive
The HAECO Group reported an attributable profit of HK$283m for the first six months of 2014. This compares with a profit of HK$359m for the equivalent period in 2013. Earnings per share decreased by 21.2% to HK$1.70. Turnover increased by 65.6% to HK$5,337m, with the acquisition of TIMCO accounting for 61.8% of the increase. The
Embraer Executive Jets is expanding its customer support and service network into the Brazilian Northeast. AeroMecânica, located at Coroa do Avião airfield, in Igarassu, metropolitan Recife, will be the first Authorized Service Center for line maintenance, scheduled inspections, and remote services for Phenom 100 and Phenom 300 jets, in the region. Customers in the region
AWAS has delivered a second aircraft, one 737-800, as part of a four aircraft sale and leaseback deal with PT Lion Mentari Airlines (Lion Air) for three 737-800s and one Airbus A320. These new aircraft were purchased directly by the airline from their respective manufacturers. AWAS is providing a financing solution for all four aircraft
Embraer Executive Jets opened new facilities at its Contact Center, this month, to provide operational, technical and maintenance support for the global fleet of business jets. The facility expansion takes place five years after the center began its operations in 2009. During this time, the fleet of Embraer executive jets has quintupled in size. There
Héroux-Devtek has been awarded a multi-year contract to manufacture torque tubes for the Boeing 787 Dreamliner. Under the terms of the agreement, which represents new business for Héroux-Devtek, shipments are scheduled to begin in early calendar year 2015. The manufacturing of these components will be carried out at the Corporation’s Laval, Quebec facility. Production of
flydubai has selected JorAMCo to provide the EIS (Entry Into Service) check for seven of their new Next-Generation Boeing 737-800 aircraft. The aircraft will depart from the Boeing Company’s Renton factory in Washington for Amman where they will be fitted with seats and inflight entertainment before being flown to Dubai to enter flydubai’s fleet.
Summit Air of Yellowknife, Northwest Territories, Canada has signed a two-year JetSpares rate-per-flying-hour (RPFH) spares contract with BAE Systems Regional Aircraft to support its newly acquired fleet of two 90-seat Avro RJ85 regional jetliners. To support the growing market interest for the Avro RJ in Canada, BAE Systems Regional Aircraft has worked closely with Transport
Etihad Airways and Alitalia have signed the transaction implementation agreement which will result in a €1,758 million investment to build a reinvigorated Alitalia as a competitive, sustainably profitable business. The recapitalised Italian national airline will now be able to invest in a comprehensive strategic business plan which will see new long-haul routes from Rome and
