Boeing awarded Magellan Aviation Group a five-year consignment contract extension as a result of a successful first year, that included seven aircraft with corresponding engines being consigned to MAG for dismantle and resale in the aftermarket.
The Airbus A400M new generation airlifter landed for the first time in Mexico on May 15th, where the aircraft will show its performance in a series of demonstration flights. The aircraft landed at Mexico D.F. International Airport at 13.50 (local time) and will stay in Mexico until the 23rd of May.
GA Telesis has started the disassembly of one Airbus A320 (MSN 245) powered by CFM56-5A engines. The ex-All Nippon Airways aircraft has entered the GA Telesis disassembly production line in California. The remarketing of the removed parts is being directed by both Aircraft Systems and Turbine Engine groups at GA Telesis, LLC in Fort Lauderdale.
Rolls-Royce dispatched the first production Trent XWB that will power the Airbus A350 XWB’s entry into commercial service with Qatar Airways later this year. The Trent XWB, the most efficient aero engine and specifically designed for the A350 XWB, is the fastest-selling civil large engine ever, with more than 1,600 already sold to 40 customers.
Eastern Air Lines Group has signed an initial order and placed deposits with Boeing for 10 firm Next Generation 737-800 aircraft and purchase rights for 10 Boeing MAX 8 aircraft. Eastern Air Lines Group was formed to re-launch Eastern Air Lines, which formerly operated from 1930 to 1991, as a passenger airline using the Boeing
Air Canada reported first quarter earnings before interest, taxes, depreciation, amortization and impairment, and aircraft rent (EBITDAR of $147m compared to EBITDAR of $145m in the first quarter of 2013. Air Canada’s EBITDAR of $147m was consistent with the EBITDAR projection provided in the airline’s news release dated April 3rd, 2014 which forecasted EBITDAR in
CFM International announced that Allen Paxson has been named executive vice president, replacing Chaker Chahrour. Mr. Chahrour, who had served in the role since February 2009, has been appointed vice president of Sales & Marketing for GE Aviation. As part of the CFM Executive Team, Mr. Paxson is responsible for overseeing programs carried out by
AerCap Holdings has completed its previously announced acquisition of International Lease Finance Corporation (“ILFC”) from American International Group, (“AIG”). Under the terms of the agreement, AerCap paid AIG $3.0bn in cash and 97,560,976 AerCap ordinary shares, which represents an approximately 46% ownership position in AerCap’s ordinary share capital. In connection with the acquisition, AerCap Ireland
JorAMCo signed a contract with Jazeera Airways to provide the Kuwait-based low-cost carrier with ‘C’ check for Three A320s aircraft of its fleet, that are due for maintenance services this year. Two of these aircraft are redelivery checks leased to TAP Airlines, including other maintenance services to be provided by JorAMCo such as: C5 tasks,
Airbus Group reported first quarter 2014 results reflecting the company’s continued focus on programme execution and achieving its operational milestones. Group order intake was €21.1bn (Q1 2013: €49.5bn), with the order book value amounting to €683.2bn on March 31st, 2014 (year-end 2013: €680.6bn). Airbus received 103 net commercial aircraft orders (Q1 2013: 410 net orders),
