Rolls-Royce committed to a share buyback of £1bn subject to the completion of the sale of its Energy gas turbine and compressor business to Siemens. The sale announced on 6 May this year, is expected to complete by the end of 2014. As no material acquisitions are planned, and reflecting the strength of the balance
Cronus Partners posted, it acted as the exclusive financial advisor to Boreas Holdings, in a refinancing through an extension of credit facilities provided by TD Bank, N.A. Boreas is the parent of multiple affiliated aviation services operating companies. Cronus continues to be a valued financial partner in the growth, enabling to continue the company’s expansion.
L2 Consulting Services, a leading provider of avionics integration, engineering and installation services, is pleased to announce the appointment of Douglas Mailat as Manager of Sales and Business Development. With a career spanning 20 plus years in business development, marketing, sales and promotion, Douglas will be responsible for managing current and prospective L2 customer relationships
Hughes Network Systems, one of the global leader in broadband satellite solutions and services, announced that it has signed a contract with Thaicom Public Company, a leading satellite communications provider in Asia Pacific, to provide its broadband satellite technology for in-flight connectivity services, in partnership with Global Eagle Entertainment. This contract follows the announcement last
TIMCO Aviation Services, a subsidiary of the Hong KongAircraft Engineering Company Limited (HAECO), posted that it launched new line maintenance and cabin services operations at Ted Stevens Anchorage International Airport in mid-May, and at San Francisco International Airport in early June. The new locations add to TIMCO’s existing network (now 18 airports served), with base operations
AWAS released that they have delivered the second of two planned new A330-300 widebodies to Philippine Airlines (PAL) that were part of a purchase and leaseback agreement finalised earlier this year. Philippine Airlines had ordered these aircraft directly from the manufacturer and they will form part of the flag carrier’s ongoing refleeting and network expansion
Airbus’ A350 XWB flight test aircraft (MSN3) has completed hot weather testing in Al Ain, United Arab Emirates. The objective of the tests is to check the behaviour of the engines and aircraft systems at temperatures reaching above 40°C. The aircraft performed several tests in flight as well as on the ground, including heat soak
Compass Airlines, a wholly owned subsidiary of Trans States Holdings, announced it will operate 20 new 76-seat Embraer E175 aircraft owned by American Airlines. Compass expects to begin taking delivery of the aircraft and start scheduled service under the American Eagle brand and livery in the first quarter of 2015. The agreement also provides American
Euravia Engineering has received TCCA Approval No.814-03. This new approval completes Euravia’s International Accreditations for PT6 Engine Maintenance, Repair and Overhaul, Engine Sales / Exchange and Mobile Repair Team services for all PT6 Engine Operators throughout Canada. Euravia’s TCCA Approval will enhance and underpin Euravia’s existing MRO activities across Canada.
CFM International has initiated ground testing of the first LEAP-1B engine at Snecma (Safran) facilities in Villaroche, France. The testing launches a two-year program that will culminate in engine certification in 2016 and entry into commercial service on the Boeing 737 MAX airplane in 2017. The LEAP-1B engine, which is the exclusive powerplant for the
