The handover of the first EC145 T2 to DRF Luftrettung marks yet another milestone for Airbus Helicopters in the successful program for the BK117/EC145 family. In spring 2014, the latest addition to the family received certification from the European Aviation Safety Agency EASA and is now ready to take on a wide variety of missions.
Precision Aviation Group, a leading provider of products and value-added services to the worldwide aerospace and defense industry announced the acquisition of Aviation Controls, Inc. (ACI). ACI is a leading global provider of Maintenance, Repair, and Overhaul Services (MRO) for engine accessories, specializing in components and accessories for the GE J-85, Honeywell LTS-101, and Rolls
Gogo, a leading global aero communications service provider, has obtained a $75m increase to its existing $248m credit facility arranged by Morgan Stanley. Gogo intends to use the proceeds of the debt financing for general corporate purposes.
Boeing and All Nippon Airways (ANA) finalized an order for 40 widebody airplanes – 20 777-9Xs, 14 787-9 Dreamliners and six 777-300ERs (Extended Range) – as part of the airline’s strategic long-haul fleet renewal plan. The order, valued at approximately $13bn at list prices, was originally announced as a commitment in March.
Airborne Maintenance & Engineering Services (AMES), a subsidiary of Air Transport Services Group, has been granted approval by the Federal Aviation Administration (FAA) to perform heavy and line maintenance services on Airbus A318, A319, A320, and A321 aircraft. The capability for Airbus complements the broad range of services in heavy maintenance, line maintenance, engineering, component
In the second quarter of 2014 (2Q14), Embraer delivered 29 commercial and 29 executive (22 light and 7 large) jets. The Company’s firm order backlog ended 2Q14 at US$18.1bn. As a result of aircraft deliveries, coupled with revenues from the Company’s Defense & Security business, 2Q14 revenues were US$1,761.3m, for year-over-year growth of 13.1%. Year-to-date
Early July marked the official launch of the European Clean Sky 2 Joint Technology Initiative. The new program is substantially broader in scope and more ambitious than Clean Sky, its predecessor. MTU Aero Engines, too, is stepping up its activities under the initiative: Germany’s leading engine manufacturer is one of the 16 lead partners from
PEMCO World Air Services announced the redelivery of three more 737-300 freighters to Yangtze River Express (Shanghai China) over the past several weeks. Yangtze River Express, which manages the cargo operations of Hainan Airlines, China Xinhua Airlines and other members of the Hainan Air Group, has already placed two of the freighters (MSN 28599, MSN
Messier-Bugatti-Dowty and Sabena technics signed an agreement on July 18th for Messier-Bugatti-Dowty to acquire Sabena technics’ 50% stake in their 50/50 joint company, Hydrep. The transaction is scheduled to take effect in September 2014. Based in Dinard, France, Hydrep employs 100 people and is a leading provider of repair services for landing gear on regional
An airline, which has requested to remain unidentified at the present time, has signed a firm purchase agreement for five Q400 NextGen turboprop airliners. Based on the list price for the Q400 NextGen airliner, the transaction is valued at approximately US$168m.
