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
Air Lease Corporation reported another consecutive quarter of fleet, revenue and profitability growth: revenues increased 23% to $256m for the three months ended June 30th, 2014 compared to $208m for the three months ended June 30th, 2013. Income before taxes increased 44% to $96m with a pretax margin of 37% for the three months ended
The International Association of Machinists and Aerospace Workers (IAM) announced it would file a lawsuit on Friday, Aug. 8th, 2014 against Spirit AeroSystems over the company’s plans to outsource IAM-represented jobs by selling a key fabrication operation and the use of outside contractors to perform work currently done by IAM-represented Spirit employees. Spirit employees in
Ethiopian Airlines has added its ninth Boeing 787 Dreamliner to its expanding fleet. The new aircraft which was received on August 3rd has been named ‘Great Wall of China’. This latest additional aircraft will support the route to Hong Kong from Addis Ababa.
Willis Lease Finance, the premier independent jet engine lessor in the commercial finance sector, reported second quarter 2014 net income was $2.2m, compared to $9.7m in the second quarter of 2013, and $4.3m in the first quarter of 2014. Earnings for the second quarter of 2013 were positively impacted by a one-time $8.6m tax benefit
