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
Lufthansa Technik has presented its new pre-customized VIP cabin, which will be offered for both, the Airbus ACJ family and the Boeing BBJ series, at EBACE 2014. Herewith, Lufthansa Technik continues and extends its successful business with modulated narrow-body VIP cabins, which started eight years ago with a co-operation for the successful “Elite” program together
Pratt & Whitney launched the newest addition to the PurePower engine family, the PW1135G-JM engine, a 35,000 thrust class engine for the Airbus A321neo aircraft. The engine’s higher thrust makes it the most powerful engine on the A321neo allowing A321neo operators, fitted with Geared Turbofan engine technology, to fly routes of greater distance while carrying
Alpha Star Aviation Services of Saudi Arabia has become the first Airbus ACJ320 customer for an in-service retrofit of Sharklets, upswept fins attached to the wingtips that save about 4% in fuel consumption while also enhancing performance and appearance. It is also the first Middle East customer for the in-service retrofit of Sharklets on an
Rolls-Royce revealed plans to develop key aero-engine technologies at its Dahlewitz site in Germany. This follows the ground-breaking in March of a new test-bed for power gearboxes, which will support the development of the next generation of aero-engine designs. Research in Dahlewitz will create technologies delivering lower weight, lower cost, lower fuel consumption and higher
