GE Aviation and Evergreen Aviation Technologies announced formation of a new joint-venture company specializing in the overhaul of the GEnx, the fastest-selling engine in GE Aviation history. The new company, GE Evergreen Engine Services, builds on more than 15 years of close cooperation between GE Aviation and Evergreen. GE Aviation will begin providing training and
Héroux-Devtek, a leading Canadian manufacturer of aerospace products, has reached an agreement with a syndicate of banks to amend and restate its existing Credit Facility. Under the terms of the agreement, the Facility has been extended for a three-year period with a new maturity date set for March 16, 2019. The authorized amount has been
B/E Aerospace has won first class, business class, and main cabin seating awards from 7 major international airlines. The awards are initially valued at approximately $600m and are for both new-buy and retrofit programs. The first quarter of 2014 will mark a quarterly bookings record for the Company and a record for the most commercial
China Express Airlines has converted previously announced conditional purchase agreements for three CRJ900 NextGen regional jets into a firm order. The conditional purchase agreements for five CRJ900 NextGen aircraft, with options on an additional eight CRJ900 NextGen aircraft, were announced on December 2, 2013, along with a firm order for three CRJ900 NextGen airliners.
The Precision organization announced its restructuring in order to accommodate continued growth. Going forward, Precision Aircraft Solutions will coordinate the operations of five subsidiaries to provide comprehensive aircraft modification services and support. The organization, based in Portland, Ore., will continue to pioneer its signature aircraft conversion program, but will now offer more resources for leveraging
Standex International Corporation (SXI) announced that Spincraft, the Company’s engineered products metal fabrication business unit, has received a life of program award from Senior Aerospace (SSP) to produce exhaust plug and nozzle components for the nacelle on the Airbus A320 NEO. The life of program award is based on active production of both the A320
Aircastle completed the first part of the Company’s previously announced $900m purchase and leaseback agreement with LATAM Airlines Group S.A. for eight Boeing 777-300ER aircraft. Together with the four Boeing 777-300ERs acquired thus far in this transaction, Aircastle acquired a total of eight aircraft with a cost of $715m during the first quarter of 2014.
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 for one of the two aircraft. The sale and leaseback agreement for the second aircraft included in the MoU is expected to be concluded by
The European Aviation Safety Agency (EASA) has granted Part 145 certification to AerSale’s aircraft heavy maintenance & storage facility located in Roswell, NM. This additional certification is part of AerSale’s expansion initiatives developed to increase its maintenance and storage services offering to multinational aircraft owners/lessors who redeploy aircraft in EASA regulated jurisdictions.
New agreements announced at the FIDAE 2014 air show has further underscored Airbus Helicopters’ strong presence in the Southern Cone area of Latin America, with contracts and commitments involving military, security and energy-sector customers. Building on a market leadership position that has seen its turnover double during the past four years, the Airbus Helicopters Cono
