Air Lease Corporation delivered one used Airbus A320-200 to Air Serbia, a new customer for ALC. This aircraft was delivered to Air Serbia in March 2014. Air Serbia is the flag carrier and largest airline of Serbia, based at Belgrade Nikola Tesla Airport. Known as Jat Airways until it was renamed in October 2013, Air
Warburg Pincus, a leading global private equity firm, has entered into a definitive agreement whereby one of its affiliates will acquire Wencor Group, a leading designer, repair provider and distributor of aftermarket aerospace components, from Odyssey Investment Partners. Terms of the transaction were not disclosed.
El Al’s revenues for the first quarter of 2014 aggregated $415.4m, compared to $431.0m during the equivalent quarter in the previous year. The loss for the first quarter aggregated $39.7m, compared to a loss of $32.5m during the equivalent quarter in the previous year. The company’s cash flows from operating activities for the quarter aggregated
GECAS announced delivery of a leased Boeing 737-300SF freighter aircraft to a new airline customer, PT Trigana Air Service. Indonesia’s Trigana Air will use the aircraft to expand its fleet. Trigana Air currently operates a fleet of nearly 20 passenger and freighter aircraft to more than 20 destinations in Indonesia.
Finnair signed the Memorandum of Understanding (MoU) with Novus Aviation Capital on the sale and leaseback of two Airbus 330 aircraft owned by Finnair. The transaction has now been finalized also for the second aircraft. The transaction concerning the other A330 included in the MoU was concluded already on March 31st, 2014. The value of
Airbus Helicopters and ADAC Luftfahrt Technik, the maintenance arm of ADAC Luftrettung, signed a parts-by-the-hour service contract for the air rescue organization’s EC145 T2 fleet. The ten-year service agreement with a volume of some €25m covers a comprehensive range of services for the new aircraft. The package for 14 new EC145 T2 helicopters includes technical
AgustaWestland announced an order by Kaan Air for one AW139 intermediate and one AW189 super medium helicopter in VIP configuration. The contract expands the success of the AW139 in Turkey and marks the entrance of the AW189 in the Turkish market. Furthermore this is the first VIP-configured AW189 ordered in Europe where the type has
Boeing and Nok Air finalized an order for eight Next-Generation 737-800s and seven 737 MAX 8s. Nok Air also announced that it intends to convert one of the 737-800s into a 737 MAX at a later date. The order, first announced as a commitment at the Singapore Air Show in February, is valued at $1.45bn
HEICO CORPORATION reported that net income increased 20% to $28.4m in the second quarter of fiscal 2014, up from $23.7 million in the second quarter of fiscal 2013. In the first six months of fiscal 2014, net income increased 28% to $55.8m, up from $43.7m in the first six months of fiscal 2013. Operating income
Crane Aerospace & Electronics has received an EASA Supplemental Type Certificate (STC) for Crane’s SmartStem Wireless Tire Pressure System for the Bombardier families of CRJ regional jets, Challenger mid-sized business jets and Global large business jets. EASA approval for these Bombardier aircraft adds to the growing list of certifications for SmartStem Tire Pressure Sensors including
